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.