Japan's housing starts fell by 3.7 percent year-on-year in February 2021, compared with market consensus of a 4.8 percent drop and after a 3.1 percent decline a month earlier. It was the 20th straight month of decline in housing starts, amid decreases in new construction starts for rented (-0.4 percent vs -18.0 percent in January), prefabricated (-4.9 percent vs -8.8 percent), issued (-23.4 percent vs 21.3 percent), built for sale (-14.6 percent vs 6.9 percent), and two-by-four (-9.7 percent vs -15.4 percent). At the same time, construction starts grew for owned (4.3 percent vs 6.4 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 April 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 1.00 in 12 months time. In the long-term, the Japan Housing Starts is projected to trend around 1.50 percent in 2022, according to our econometric models.