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.