Housing starts in Japan tumbled 12.3 percent year-on-year in May 2020, the eleventh straight month of drop, compared with market consensus of a 15.9 percent plunge and after a 12.9 percent slump in April. New construction starts fell for all categories: owned (-20.7 percent vs -17.4 percent in April); rented (-8.1 percent vs -15.4 percent); issued (-8.0 percent vs -40.4 percent); built for sale (-7.6 percent vs -3.6 percent); prefabricated (-14.8 percent vs -19.1 percent); and two-by-four (-17.5 percent vs -14.4 percent).
Housing Starts in Japan averaged 2.28 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 July of 2020. source: Ministry of Land, Infrastructure, Transport and Tourism, Japan
Housing Starts in Japan is expected to be -3.00 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 2.00 in 12 months time. In the long-term, the Japan Housing Starts is projected to trend around 1.50 percent in 2021, according to our econometric models.