Japan's housing starts declined by 5.4 percent year-on-year in July 2022, compared with market forecasts of a 4.1 percent drop and following a 2.2 percent fall in the prior month. This was the third straight month of drop in dwelling starts, amid decreases in new construction for owned (-14.1 percent vs -11.3 percent in July), issued (-26.4 percent vs -9.8 percent), built for sale (-4.0 percent vs 4.1 percent), prefabricated (-7.1 percent vs -0.3 percent), and two-by-four (-8.0 percent vs -8.3 percent). At the same time, dwelling starts of rented continued to grow (1.5 percent vs 1.6 percent). source: Ministry of Land, Infrastructure, Transport and Tourism, Japan
Housing Starts in Japan averaged 2.20 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 September 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.