Housing starts in Japan declined 7.9 percent year-on-year in December 2019, compared to market consensus of a 11.5 percent drop and after a 12.7 percent fall in the previous month. This was the sixth straight month of decline in housing starts, as new construction starts fell further for owned (-8.7% vs -7.3% in November); rented (-10.3% vs -17.5%); built for sale (-5.1% vs -10.3%), due to collective housing (-6.2% vs -23.6) and detached houses (-4.5% vs 1.1%), prefabricated (-7.6% vs -14.8%) and two-by-four (-11.3% vs -5.4%). In contrast, new construction starts for issued rebounded sharply (66.9% vs -52.1%).

Housing Starts in Japan averaged 2.37 percent from 1961 until 2019, 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. source: Ministry of Land, Infrastructure, Transport and Tourism, Japan

Housing Starts in Japan is expected to be -6.00 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 1.50 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
-7.90 -12.70 67.63 -43.96 1961 - 2019 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-10-31 05:00 AM Sep -4.9% -7.1% -6.7% -5.8%
2019-11-29 05:00 AM Oct -7.4% -4.9% -7.6% -6.4%
2019-12-26 05:00 AM Nov -12.7% -7.4% -8.1% -7.4%
2020-01-31 05:00 AM Dec -7.9% -12.7% -11.5% -12%
2020-02-28 05:00 AM Jan -7.9% -6.1% -5.4%
2020-03-31 05:00 AM Feb -3.3%
2020-04-30 05:00 AM Mar -6%
2020-05-31 05:00 AM Apr


News Stream
Japan Housing Starts Fall Less than Estimated
Housing starts in Japan declined 7.9 percent year-on-year in December 2019, compared to market consensus of a 11.5 percent drop and after a 12.7 percent fall in the previous month. This was the sixth straight month of decline in housing starts, as new construction starts fell further for owned (-8.7% vs -7.3% in November); rented (-10.3% vs -17.5%); built for sale (-5.1% vs -10.3%), due to collective housing (-6.2% vs -23.6) and detached houses (-4.5% vs 1.1%), prefabricated (-7.6% vs -14.8%) and two-by-four (-11.3% vs -5.4%). In contrast, new construction starts for issued rebounded sharply (66.9% vs -52.1%).
2020-01-31
Japan Housing Starts Fall the Most in Nearly 2 Years
Housing starts in Japan slumped 12.7 percent year-on-year in November 2019, after a 7.4 percent fall in the previous month and compared to market consensus of an 8.1 percent drop. This was the fifth straight month of decline in housing starts and the steepest since January 2018, as new construction starts fell further for owned (-7.3 percent vs -5.6 percent in October), rented (-17.5 percent vs -16.5 percent), issued (-52.1 percent vs -58.7 percent), prefabricated (-14.8 percent vs -7.9 percent) and two-by-four (-5.4 percent vs -12.7 percent). Also, starts for built for sale fell for the first time in six months (-10.3 percent vs 7 percent), mainly due to collective housing (-23.6 percent vs 16.2 percent).
2019-12-26
Japan Housing Starts Fall for 4th Month
Housing starts in Japan slumped 7.4 percent year-on-year in October 2019, the fourth straight month of decline, after a 4.9 percent fall in the previous month and compared with market estimates of a 7.6 percent drop. New construction starts fell for owned (-5.6 percent vs -3.5 percent in September), rented (-16.5 percent vs -16.8 percent), issued (-58.7 percent vs -24.7 percent), prefabricated (-7.9 percent vs -5.8 percent) and two-by-four (-12.7 percent vs -6.9 percent). In contrast, there were increases in starts for built for sale (7 percent vs 14.1 percent), boosted by both collective housing (16.2 percent vs 34.6 percent) and detached houses (1.4 percent vs 0.1 percent).
2019-11-29
Japan Housing Starts Fall Less than Expected
Housing starts in Japan slumped 4.9 percent year-on-year in September 2019, the third straight month of decline and compared to market consensus of a 6.7 percent drop. New construction starts fell for issued (-24.7% vs -64.3% in August), two-by-four (-6.9% vs -12.5%), owned (-3.5% vs -1.6%), rented (-16.8% vs -17.5%), and prefabricated (-5.8% vs -5.3%). In contrast, starts rose for built for sale (14.1% vs 5.6%), boosted by both collective housing (34.6% vs 11.1%) and detached houses (0.1% vs 2.4%).
2019-10-31

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