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.