Japan's housing starts dropped by 9.0 percent year-on-year in December 2020, compared with market consensus of a 3.8 percent fall and after a 3.7 percent drop a month earlier. This was the 18th straight month of decline in housing starts and the steepest pace since September, as new construction starts decreased at a faster rate for rented (-11.5 percent vs -8.1 percent in November), built for sale (-18.4 percent vs -6.1 percent), prefabricated (-9 percent vs -6.3 percent), and two-by-four (-17.9 percent vs -12.6 percent). In contrast, housing starts rose for both owned (2.4 percent vs 1.5 percent) and issued (15.2 percent vs 192.2 percent). source: Ministry of Land, Infrastructure, Transport and Tourism, Japan

Housing Starts in Japan averaged 2.18 percent from 1961 until 2020, 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 February of 2021.

Housing Starts in Japan is expected to be -2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Housing Starts in Japan to stand at 2.00 in 12 months time. In the long-term, the Japan Housing Starts is projected to trend around 1.50 percent in 2021, according to our econometric models.

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Japan Housing Starts

Actual Previous Highest Lowest Dates Unit Frequency
-9.00 -3.70 67.63 -43.96 1961 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-30 05:00 AM Sep -9.9% -9.1% -8.6% -8.3%
2020-11-30 05:00 AM Oct -8.3% -9.9% -9.3% -9%
2020-12-25 05:00 AM Nov -3.7% -8.3% -4.9% -4%
2021-01-29 05:00 AM Dec -9% -3.7% -3.8% -3.6%
2021-02-26 05:00 AM Jan -9% -2.5% -4%
2021-03-31 05:00 AM Feb
2021-04-30 05:00 AM Mar
2021-05-29 05:00 AM Apr


News Stream
Japan Housing Starts Drop the Most in 3 Months
Japan's housing starts dropped by 9.0 percent year-on-year in December 2020, compared with market consensus of a 3.8 percent fall and after a 3.7 percent drop a month earlier. This was the 18th straight month of decline in housing starts and the steepest pace since September, as new construction starts decreased at a faster rate for rented (-11.5 percent vs -8.1 percent in November), built for sale (-18.4 percent vs -6.1 percent), prefabricated (-9 percent vs -6.3 percent), and two-by-four (-17.9 percent vs -12.6 percent). In contrast, housing starts rose for both owned (2.4 percent vs 1.5 percent) and issued (15.2 percent vs 192.2 percent).
2021-01-29
Japan Housing Starts Fall the Least in 17 Months
Japan's housing starts dropped by 3.7 percent year-on-year in November 2020, compared with market consensus of a 4.9 percent fall and after an 8.3 percent plunge a month earlier. This was the 17th straight month of decline in housing starts but the weakest in the sequence, as new construction starts decreased at a faster rate for rented (-8.1 percent vs -11.5 percent in October), built for sale (-6.1 percent vs -9.6 percent), prefabricated (-6.3 percent vs -16.6 percent), and two-by-four (-12.6 percent vs -16.5 percent). In contrast, housing starts rose for both owned (1.5 percent vs -6.1 percent) and issued (192.2 percent vs 193.0 percent).
2020-12-25
Japan Housing Starts Fall Less than Forecast
Japan's housing starts dropped by 8.3 percent year-on-year in October 2020, the 16th straight month of decline and compared with market consensus of a 9.3 percent fall. New construction starts decreased further for owned (-6.1 percent vs -7 percent in September), rented (-11.5 percent vs -14.8 percent), built for sale (-9.6 percent vs -7.8 percent), prefabricated (-16.6 percent vs -13.6 percent), and two-by-four (-16.5 percent vs -13.2 percent). In contrast, housing starts for issued jumped 193 percent (vs 37.3 percent in September).
2020-11-30
Japan Housing Starts Drop More than Expected
Japan tumbled 9.9 percent year-on-year in September 2020, compared to market consensus of an 8.6 percent fall and after a 9.1 percent drop a month earlier, pointing to the 15th straight month of decline. New construction starts decreased further for owned (-7 percent vs -8.8 percent in August), rented (-14.8 percent vs -6.4 percent), built for sale (-7.8 percent vs -15.9 percent), prefabricated (-13.6 percent vs -14.5 percent), and two-by-four (-13.2 percent vs -16.6 percent). At the same time, new starts for issued rose much softer (37.3 percent vs 147.7 percent).
2020-10-30

Japan Housing Starts
In Japan, housing starts refers to the year-on-year change in volume of new housing construction started.