Japan Housing Starts Fall the Least in 4 Months

2025-08-29 05:07 By Farida Husna 1 min. read

Japan’s housing starts shrank 9.7% year-on-year in July 2025, compared with market expectations of a 9.6% decline and after a 15.6% drop in the previous month.

This was the fourth consecutive monthly decline but the mildest in the sequence as contractions slowed across most categories: owned (-11.1% vs -16.4% in June), rented (-13.1% vs -14.0%), built-for-sale (-1.7% vs -17.9%), two-by-four homes (-2.6% vs -5.7%), and prefabricated housing starts (-7.0% vs -9.6%).

Meanwhile, dwellings in issued units stagnated after increasing 10.2% in June.



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