Japan's housing starts rose by 7.3 percent year-on-year in June 2021, the fourth straight month of increase, compared with market consensus of 7.2 percent and after a 9.9 percent gain a month earlier. New construction mainly rose for owned (10.6 vs 16.2 percent in May), rented (11.8 vs 4.3 percent), prefabricated (4.2 percent vs 8.6 percent), and two-by-four (22.1 percent vs 16.5 percent). In contrast, housing starts fell for both issued (-19.1 percent vs 129.9 percent) and built for sale (-1.5 percent vs 8.4 percent).In contrast, new construction starts accelerated for both rented (11.8 percent vs 4.3 percent) and two-by-four (22.1 percent vs 16.5 percent). source: Ministry of Land, Infrastructure, Transport and Tourism, Japan

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

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. In the long-term, the Japan Housing Starts is projected to trend around 1.50 percent in 2022, according to our econometric models.

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Japan Housing Starts

Actual Previous Highest Lowest Dates Unit Frequency
7.30 9.90 67.63 -43.96 1961 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-30 02:00 AM Mar 1.5% -3.7% -7.4% -7%
2021-05-31 05:00 AM Apr 7.1% 1.5% 3.5% 3%
2021-06-30 05:00 AM May 9.9% 7.1% 8.3% 8.5%
2021-07-30 05:00 AM Jun 7.3% 9.9% 7.2% 7.5%
2021-08-31 05:00 AM Jul 7.3%
2021-09-30 05:00 AM Aug
2021-10-30 05:00 AM Sep
2021-11-29 05:00 AM Oct


News Stream
Japan Housing Starts Rise for 4th Month
Japan's housing starts rose by 7.3 percent year-on-year in June 2021, the fourth straight month of increase, compared with market consensus of 7.2 percent and after a 9.9 percent gain a month earlier. New construction mainly rose for owned (10.6 vs 16.2 percent in May), rented (11.8 vs 4.3 percent), prefabricated (4.2 percent vs 8.6 percent), and two-by-four (22.1 percent vs 16.5 percent). In contrast, housing starts fell for both issued (-19.1 percent vs 129.9 percent) and built for sale (-1.5 percent vs 8.4 percent).In contrast, new construction starts accelerated for both rented (11.8 percent vs 4.3 percent) and two-by-four (22.1 percent vs 16.5 percent).
2021-07-30
Japan Housing Starts Top Estimates
Japan's housing starts rose by 9.9 percent year-on-year in May 2021, above market consensus of 8.3 percent and accelerating from a 7.1 percent gain a month earlier. This was the third straight month of growth in housing starts and the steepest pace since March 2019, boosted by rises in new construction starts for owned (16.2 percent vs 8.8 percent in April), rented (4.3 percent vs 13.6 percent), and two-by-four (16.5 percent vs 1.1 percent). In addition, new construction starts rebounded for issued (129.9 percent vs -45.3 percent), built for sale (8.4 percent vs -0.3 percent), and prefabricated (8.6 percent vs -0.5 percent).
2021-06-30
Japan Housing Starts Pick Up in April
Japan's housing starts rose by 7.1 percent year-on-year in April 2021, easily beating market consensus of 3.5 percent and following a 1.5 percent gain a month earlier. This was the second straight month of growth in housing starts and the steepest pace since March 2019, with new construction starts accelerating sharply for both owned (8.8 percent vs 0.1 percent in March), and rented (13.6 percent vs 2.6 percent). Also, new starts of two-by-four rebounded (1.1 percent vs -18.9 percent). In contrast, new construction starts fell for issued (-45.3 percent vs -40.7 percent), built for sale (-0.3 percent vs 2.8 percent), and prefabricated (-0.5 percent vs -12.9 percent).
2021-05-31
Japan Housing Starts Rise for 1st Time in 21 Months
Japan's housing starts unexpectedly surged by 1.5 percent year-on-year in March 2021, missing market consensus of a 7.4 percent drop and rebounding from a 3.7 percent decline a month earlier. It was the first time increase in housing starts since June 2019, boosted by an upturn in new construction starts for both rented (2.6 percent vs -0.4 percent in February) and built for sale (2.8 percent vs -14.6 percent). Also, new starts for owned continued to grow (0.1 percent vs 4.3 percent). On the other hand, there were falls in new construction starts for prefabricated (-12.9 percent vs -4.9 percent), issued (-40.7 percent vs -23.4 percent), and two-by-four (-18.9 percent vs -9.7 percent).
2021-04-30

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