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.

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Japan Housing Starts

Actual Previous Highest Lowest Dates Unit Frequency
1.50 -3.70 67.63 -43.96 1961 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-29 05:00 AM Dec -9% -3.7% -3.8% -3.6%
2021-02-26 05:00 AM Jan -3.1% -9% -2.5% -4%
2021-03-31 05:00 AM Feb -3.7% -3.1% -4.8% -4%
2021-04-30 02:00 AM Mar 1.5% -3.7% -7.4% -7%
2021-05-29 05:00 AM Apr 1.5%
2021-06-30 05:00 AM May
2021-07-31 05:00 AM Jun
2021-08-31 05:00 AM Jul


News Stream
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 Drop Less than Expected
Japan's housing starts fell by 3.7 percent year-on-year in February 2021, compared with market consensus of a 4.8 percent drop and after a 3.1 percent decline a month earlier. It was the 20th straight month of decline in housing starts, amid decreases in new construction starts for rented (-0.4 percent vs -18.0 percent in January), prefabricated (-4.9 percent vs -8.8 percent), issued (-23.4 percent vs 21.3 percent), built for sale (-14.6 percent vs 6.9 percent), and two-by-four (-9.7 percent vs -15.4 percent). At the same time, construction starts grew for owned (4.3 percent vs 6.4 percent).
2021-03-31
Japan Housing Starts Fall for 19th Month
Japan's housing starts dropped by 3.1 percent year-on-year in January 2021, compared with market consensus of a 2.5 percent fall and after a 9 percent decrease a month earlier. It was the 19th straight month of decline in housing starts, amid decreases in new construction starts for rented (-18.0 percent vs -11.5 percent in December), prefabricated (-8.8 percent vs -9 percent), and two-by-four (-15.4 percent vs -17.9 percent). At the same time, construction starts grew for owned (6.4 percent vs 2.4 percent), issued (21.3 percent vs 15.2 percent), and built for sale (6.9 percent vs -18.4 percent).
2021-02-26
Japan Housing Starts Drop the Most in 3 Months
Japan's housing starts dropped by 9.0 percent year-on-year in December 2020, compared with market consensus of a 3.8 percent fall and after a 3.7 percent drop a month earlier. This was the 18th straight month of decline in housing starts and the steepest pace since September, as new construction starts decreased at a faster rate for rented (-11.5 percent vs -8.1 percent in November), built for sale (-18.4 percent vs -6.1 percent), prefabricated (-9 percent vs -6.3 percent), and two-by-four (-17.9 percent vs -12.6 percent). In contrast, housing starts rose for both owned (2.4 percent vs 1.5 percent) and issued (15.2 percent vs 192.2 percent).
2021-01-29

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