Japan's housing starts unexpectedly dropped by 1.4 percent year-on-year in November 2022, missing market forecasts of a 1.5 percent rise and following a 1.8 percent decline in the prior month. This was the second straight month of decrease in dwelling starts, amid declines in new construction for owned (-15.1 percent vs -18.7 percent in October), issued (-23.6 percent vs 81.6 percent), built for sale (-0.8 percent vs 4.8 percent), prefabricated (-2.6 percent vs 12.0 percent), and two-by-four (-3.3 percent vs -5.3 percent). Meanwhile, dwelling starts of rented continued to grow (11.4 percent vs 7.3 percent). source: Ministry of Land, Infrastructure, Transport and Tourism, Japan
Housing Starts in Japan averaged 2.19 percent from 1961 until 2022, 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 January of 2023.
Housing Starts in Japan is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.