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.