Housing starts in Japan increased by 10 percent year-on-year in March 2019, easily beating market consensus of a 5.8 percent rise and accelerating from a 4.2 percent gain in the previous month. It was the fourth straight month of yearly growth in housing starts and the fastest since January 2017, when the reading showed a 12.8 percent rise. New construction starts accelerated strongly for issued (62.4 percent vs 40.3 percent in February), built for sale (33.4 percent vs 11.4 percent), essentially collective housing (69.5 percent vs 10.5 percent), and two-by-four (4.8 percent vs 0.2 percent). In addition, construction starts for rented fell less (-4.5 percent vs -5.1 percent). Meanwhile, starts for both owned (8.9 percent vs 9.9 percent), and prefabricated (2.7 percent vs 2.9 percent) grew at slower rates. Housing Starts in Japan averaged 2.49 percent from 1961 until 2019, 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.