Japan's housing starts declined by 2.2 percent year-on-year in June 2022, compared with market forecasts of a 1.7% drop and after a 4.2 percent fall in the prior month. This was the second straight month of drop in dwelling starts, amid decreases in new construction for owned (-11.3 percent vs -6.9 percent in June), issued (-9.8 percent vs -55.9 percent), prefabricated (-0.3 percent vs 0.1 percent), and two-by-four (-8.3 percent vs -8.9 percent); and a marked slowdown in dwelling starts of rented (1.6 percent vs 3.5 percent). Meantime, new construction starts for built-for-sale bounced back (4.1 percent vs -8.5 percent). source: Ministry of Land, Infrastructure, Transport and Tourism, Japan
Housing Starts in Japan averaged 2.21 percent from 1961 until 2022, 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 August of 2022.
Housing Starts in Japan is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Housing Starts is projected to trend around 3.00 percent in 2023 and 1.50 percent in 2024, according to our econometric models.