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.

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Japan Housing Starts

Actual Previous Highest Lowest Dates Unit Frequency
-12.30 -12.90 67.63 -43.96 1961 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-31 05:00 AM Feb -12.3% -10.1% -14.7% -14.3%
2020-04-30 05:00 AM Mar -7.6% -12.3% -16% -14%
2020-05-29 05:00 AM Apr -12.9% -7.6% -12.1% -13.7%
2020-06-30 05:00 AM May -12.3% -12.9% -15.9% -16.4%
2020-07-31 05:00 AM Jun -12.3% -12%
2020-08-30 05:00 AM Jul
2020-09-30 05:00 AM Aug
2020-10-31 05:00 AM Sep


News Stream
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 Fall More than Estimated
Housing starts in Japan plunged 12.9 percent year-on-year in April 2020, the tenth straight month of drop, compared with market consensus of a 12.1 percent fall and after a 7.6 percent drop in March. This was the steepest decline in housing starts since January 2018, as new construction starts fell for all categories: owned (-17.4 percent vs -0.3 percent in March); rented (-15.4 percent vs -6.6 percent); issued (-40.4 percent vs 44.8 percent); built for sale (-3.6 percent vs -16.1 percent); prefabricated (-19.1 percent vs 0.9 percent); and two-by-four (-14.4 percent vs -5.1 percent).
2020-05-29
Japan Housing Starts Drop Less than Forecast
Housing starts in Japan declined by 7.6 percent year-on-year in March 2020, the ninth straight month of drop, compared with market consensus of a 16 percent plunge. New construction starts fell for owned (-0.3 percent vs -11.1 percent in February); rented (-6.6 percent vs -18.9 percent); built for sale (-16.1 percent vs -3.9 percent); and two-by-four (-5.1 percent vs -11.9 percent). In contrast, construction starts rebounded for both issued (44.8 percent vs -36.5 percent), and prefabricated (0.9 percent vs -16.5 percent).
2020-04-30
Japan Housing Starts Drop Less than Expected
Housing starts in Japan tumbled 12.3 percent year-on-year in February 2020, the eighth straight month of decline and compared to market consensus of a 14.7 percent plunge. New construction starts fell for all categories: owned (-11.1 percent vs -13.8 percent in January); rented (-18.9 percent vs -2.5 percent); issued (-36.5 percent vs -36.6 percent); built for sale (-3.9 percent vs -14.6 percent); prefabricated (-16.5 percent vs -9.9 percent); and two-by-four (-11.9 percent vs -10.8 percent).
2020-03-31

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