Japan's housing starts declined by 6.7 percent year-on-year in July 2023, worse than market forecasts of a 0.8 percent drop and after a 4.8% fall a month earlier. The latest result marked the fifth time of decrease in new construction starts since the start of the year, amid weakness in dwellings for owned (-7.8% vs -12.4% in June), built for sale (-17.5% vs -2.9%), and pre-fabricated (-4.0% vs -12.3%). By contrast, fresh constructions grew for rented (1.6% vs -0.6%), issued (6.1% vs 13.6%), and two-by-four (1.8% vs -6.8%). source: Ministry of Land, Infrastructure, Transport and Tourism, Japan

Housing Starts in Japan averaged 2.14 Percent from 1961 until 2023, reaching an all time high of 67.63 Percent in March of 1972 and a record low of -43.96 Percent in September of 2007. This page provides the latest reported value for - Japan Housing Starts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Housing Starts - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Housing Starts in Japan is expected to be 3.00 Percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Japan Housing Starts



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-31 05:00 AM Jun -4.8% 3.5% -0.2% -0.7%
2023-08-31 05:00 AM Jul -6.7% -4.8% -0.8% -1.4%
2023-09-29 05:00 AM Aug -6.7%


Related Last Previous Unit Reference
Housing Starts -6.70 -4.80 Percent Jul 2023
Construction Orders 8.60 4.20 percent Jun 2023
Housing Index 136.19 136.17 points Apr 2023

Japan Housing Starts
In Japan, housing starts refers to the year-on-year change in volume of new housing construction started.
Actual Previous Highest Lowest Dates Unit Frequency
-6.70 -4.80 67.63 -43.96 1961 - 2023 Percent Monthly
NSA

News Stream
Japan Housing Starts Fall More than Estimated
Japan's housing starts declined by 6.7 percent year-on-year in July 2023, worse than market forecasts of a 0.8 percent drop and after a 4.8% fall a month earlier. The latest result marked the fifth time of decrease in new construction starts since the start of the year, amid weakness in dwellings for owned (-7.8% vs -12.4% in June), built for sale (-17.5% vs -2.9%), and pre-fabricated (-4.0% vs -12.3%). By contrast, fresh constructions grew for rented (1.6% vs -0.6%), issued (6.1% vs 13.6%), and two-by-four (1.8% vs -6.8%).
2023-08-31
Japan Housing Starts Drop More than Estimated
Japan's housing starts declined by 4.8 percent year-on-year in June 2023, worse than market forecasts of a 0.2 percent drop while swinging from a 3.5 percent growth a month earlier. The latest result marked the fourth time of drop in new construction starts since the start of the year, amid declines in dwellings of owned (-12.4% vs -11.5% in May), rented (-0.6% vs 10.5%), built for sale (-2.9% vs 9.1%), pre-fabricated (-12.3% vs 3.9%), and two-vy-four (-6.8% vs 1.8%). At the same time, fresh constructions eased sharply for issued (13.6% vs 78.8%).
2023-07-31
Japan Housing Starts Unexpectedly Rebound
Japan's housing starts unexpectedly grew by 3.5 percent year-on-year in May 2023, easily topping market forecasts of a 2.2 percent drop while swinging from a 11.9 percent slump a month earlier. This was the first rise since January, as new constructions bounced back for all sectors, namely rented (10.5% vs -2.8% in April), issued (78.8% vs -48.9%), built for sale (9.1% vs -21.8%), pre-fabricated (3.9% vs -3.8%), and two-by four (1.8% vs -13.7%). Meantime, fresh dwellings continued to fall for owned (-11.5% vs -11.6%). .
2023-06-30