Japan's housing starts dropped by 3.7 percent year-on-year in November 2020, compared with market consensus of a 4.9 percent fall and after an 8.3 percent plunge a month earlier. This was the 17th straight month of decline in housing starts but the weakest in the sequence, as new construction starts decreased at a faster rate for rented (-8.1 percent vs -11.5 percent in October), built for sale (-6.1 percent vs -9.6 percent), prefabricated (-6.3 percent vs -16.6 percent), and two-by-four (-12.6 percent vs -16.5 percent). In contrast, housing starts rose for both owned (1.5 percent vs -6.1 percent) and issued (192.2 percent vs 193.0 percent). source: Ministry of Land, Infrastructure, Transport and Tourism, Japan
Housing Starts in Japan averaged 2.18 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 January of 2021.
Housing Starts in Japan is expected to be -2.00 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.