Japan's housing starts dropped by 11.9 percent year-on-year in April 2023, much worse than market forecasts of a 0.9 percent drop and following a 3.2% fall a month earlier. It was the third consecutive month of decline and the steepest one since June 2020, as new constructions fell for all categories, namely owned (-11.6% vs -13.6% in March), rented (-2.8% vs 0.9%), issued (-48.9% vs 34.4%), built for sale (-21.8% vs -0.4%), pre-fabricated (-3.8% vs -2.2%), and two-by-four (-13.7%). source: Ministry of Land, Infrastructure, Transport and Tourism, Japan

Housing Starts in Japan averaged 2.16 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 June of 2023.

Housing Starts in Japan is expected to be 3.50 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 Actual Previous Consensus TEForecast
2023-04-28 05:00 AM Mar -3.2% -0.3% -4.3% -3%
2023-05-31 05:00 AM Apr -11.9% -3.2% -0.9% -1.0%
2023-06-30 05:00 AM May -11.9%


Related Last Previous Unit Reference
Housing Starts -11.90 -3.20 Percent Apr 2023
Construction Orders 16.20 -4.10 percent Apr 2023
Housing Index 135.63 136.19 points Feb 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
-11.90 -3.20 67.63 -43.96 1961 - 2023 Percent Monthly
NSA

News Stream
Japan Housing Starts Fall the Most in Near 3 Years
Japan's housing starts dropped by 11.9 percent year-on-year in April 2023, much worse than market forecasts of a 0.9 percent drop and following a 3.2% fall a month earlier. It was the third consecutive month of decline and the steepest one since June 2020, as new constructions fell for all categories, namely owned (-11.6% vs -13.6% in March), rented (-2.8% vs 0.9%), issued (-48.9% vs 34.4%), built for sale (-21.8% vs -0.4%), pre-fabricated (-3.8% vs -2.2%), and two-by-four (-13.7%).
2023-05-31
Japan Housing Starts Fall Less than Estimated
Japan's housing starts dropped by 3.2 percent year-on-year in March 2023, compared with market expectations of a 4.3 percent fall after a 0.3 percent decrease a month earlier. This was the second straight month of decline, amid falls in new construction of owned (-13.6% vs -4.6% in February), built for sale (-0.4% vs -1.8%), pre-fabricated (-2.2% vs -5.0%), and two-by-four (-3% vs 9.4%). At the same time, fresh dwellings of rented slowed sharply (0.9% vs 4.7%). Meanwhile, new construction of issued rebounded strongly (34.4% vs -5.0%).
2023-04-28
Japan Housing Starts Fall Less than Expected
Japan's housing dropped by 0.3 percent year-on-year in February 2023, compared with market expectations of a 0.5 percent fall. The latest figure was a reversal from a 6.6 percent growth a month earlier which was the steepest pace in housing starts since October 2021. There were falls in new construction of owned (-4.6% vs -8.3% in January), issued (-5.0% vs -26.3%), and built for sale (-1.8% vs 25.0%). On the other hand, new dwellings rose for rented (4.7% vs 4.2%), prefabricated (-5% vs -10.0%), and two-by-four (9.4% vs 4.8%).
2023-03-31