Japan's housing starts rose by 10.4 percent year-on-year in October 2021, easily beating market consensus of 5.2 percent and picking up from September's reading of 4.3 percent. This was the strongest rise in housing starts since January 2017, as new construction rose faster for owned (16.6 percent vs 14.9 percent in September), rented (14.5 percent vs 12.8 percent), and two-by-four (13.5 percent vs 7.5 percent). Also, new starts of built-for-sale rebounded (0.6 percent vs -14.9 percent), while those of a prefabricated went up further (7.3 percent vs 7.3 percent). In contrast, new starts for issued dropped for the fifth month in a row and was at a steeper rate (-45.2 percent vs -35.6 percent). source: Ministry of Land, Infrastructure, Transport and Tourism, Japan

Housing Starts in Japan averaged 2.21 percent from 1961 until 2021, 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 December of 2021.

Housing Starts in Japan is expected to be 5.00 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 2022 and 1.50 percent in 2023, according to our econometric models.

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Japan Housing Starts


Calendar GMT Actual Previous Consensus TEForecast
2021-10-29 05:00 AM Sep 4.3% 7.5% 7.5% 7.5%
2021-11-30 05:00 AM Oct 10.4% 4.3% 5.2% 4.9%
2021-12-26 05:00 AM Nov 10.4%


Related Last Previous Unit Reference
Housing Starts 10.40 4.30 percent Oct/21
Construction Orders 2.10 27.30 percent Oct/21
Housing Index 123.77 122.70 points Aug/21

News Stream
Japan Housing Starts Grow the Most in Near 4 Years
Japan's housing starts rose by 10.4 percent year-on-year in October 2021, easily beating market consensus of 5.2 percent and picking up from September's reading of 4.3 percent. This was the strongest rise in housing starts since January 2017, as new construction rose faster for owned (16.6 percent vs 14.9 percent in September), rented (14.5 percent vs 12.8 percent), and two-by-four (13.5 percent vs 7.5 percent). Also, new starts of built-for-sale rebounded (0.6 percent vs -14.9 percent), while those of a prefabricated went up further (7.3 percent vs 7.3 percent). In contrast, new starts for issued dropped for the fifth month in a row and was at a steeper rate (-45.2 percent vs -35.6 percent).
2021-11-30
Japan Housing Starts Grow the Least in 6 Months
Japan's housing starts rose by 4.3 percent year-on-year in September 2021, compared with market consensus and August's reading of 7.5 percent. This was the weakest rise in housing starts since March, as new construction rose at a softer pace for both prefabricated (7.3 percent vs 11.8 percent in August) and two-by-four (7.5 percent vs 15.7 percent). At the same time, new starts for built for sale fell for the first time in three months (-14.9 percent vs 5.3 percent) while those for issued dropped for the fourth month in a row and at a much steeper rate (-35.6 percent vs -8.2 percent). By contrast, new starts grew faster for owned (14.9 vs 14.5 percent) and picked up for rented (12.8 percent vs 3.8 percent).
2021-10-29
Japan Housing Starts Grow Less than Estimated
Japan's housing starts rose by 7.5 percent year-on-year in August 2021, the fifth straight month of increase, compared with market consensus of 9.5 percent and after a 9.9 percent gain a month earlier. New construction rose at a softer pace for owned (14.4 vs 14.8 percent in July), prefabricated (11.8 vs 12.6 percent), built for sale (5.3 percent vs 11 percent), and rented (3.8 percent vs 5.5 percent). In addition, new starts for issued fell for the third month in a row (-8.2 percent vs -16.6 percent). By contrast, new starts for two-by-four accelerated strongly (15.7 percent vs 6 percent).
2021-09-30

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