Housing starts in Japan declined by 9.1 percent year-on-year in August 2020, compared to market consensus of a 10.9 percent fall and after a marginally revised 11.3 percent tumble a month earlier. This was the 14th straight month of fall in housing starts, but the weakest since March. New construction starts continued to drop for owned (-8.8 percent vs -13.6 percent in July), rented (-5.4 percent vs -8.8 percent), built for sale (-15.9 percent vs -11.8 percent), prefabricated (-14.5 percent vs -18.4 percent), and two-by-four (-16.6 percent vs -16.4 percent). In contrast, new starts for issued jumped 147.7 percent, after a 23.0 percent decline.

Housing Starts in Japan averaged 2.22 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 October 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.

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Japan Housing Starts

Actual Previous Highest Lowest Dates Unit Frequency
-9.10 -11.30 67.63 -43.96 1961 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-30 05:00 AM May -12.3% -12.9% -15.9% -16.4%
2020-07-31 05:00 AM Jun -12.8% -12.3% -13.7% -12%
2020-08-31 05:00 AM Jul -11.4% -12.8% -12.5% -10%
2020-09-30 05:00 AM Aug -9.1% -11.3% -10.9% -10.2%
2020-10-30 05:00 AM Sep -9.1% -4.3%
2020-11-29 05:00 AM Oct
2020-12-26 05:00 AM Nov


News Stream
Japan Housing Starts Fall Less than Forecast
Housing starts in Japan declined by 9.1 percent year-on-year in August 2020, compared to market consensus of a 10.9 percent fall and after a marginally revised 11.3 percent tumble a month earlier. This was the 14th straight month of fall in housing starts, but the weakest since March. New construction starts continued to drop for owned (-8.8 percent vs -13.6 percent in July), rented (-5.4 percent vs -8.8 percent), built for sale (-15.9 percent vs -11.8 percent), prefabricated (-14.5 percent vs -18.4 percent), and two-by-four (-16.6 percent vs -16.4 percent). In contrast, new starts for issued jumped 147.7 percent, after a 23.0 percent decline.
2020-09-30
Japan Housing Starts Fall for 13th Straight Month
Housing starts in Japan declined by 11.4 percent year-on-year in July 2020, compared to market consensus of a 12.5 percent fall and after a 12.8 percent drop a month earlier. This was the 13th straight month of fall in housing starts, as new construction starts dropped for all categories: owned (-13.6 percent vs -16.7 percent in June); rented (-8.9 percent vs -13 percent); issued (-23.0 percent vs -5.7 percent); built for sale (-11.8 percent vs -7.7 percent); prefabricated (-18.4 percent vs -19.3 percent); and two-by-four (-16.4 percent vs -27.4 percent).
2020-08-31
Japan Housing Starts Fall Less than Forecast
Housing starts in Japan tumbled 12.8 percent year-on-year in June 2020, the twelfth straight month of drops, compared with market consensus of a 13.7 percent plunge and after a 12.3 percent slump in May. New construction starts fell for all categories: owned (-16.7 percent vs -20.7 percent in May); rented (-13.0 percent vs -8.1 percent); issued (-5.7 percent vs -8.0 percent); built for sale (-7.7 percent vs -7.6 percent); prefabricated (-19.3 percent vs -14.8 percent); and two-by-four (-27.4 percent vs -17.5 percent).
2020-07-31
Japan Housing Starts Drop Less than Expected
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).
2020-06-30

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