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). 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 May 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 1.00 in 12 months time. In the long-term, the Japan Housing Starts is projected to trend around 1.50 percent in 2022, according to our econometric models.