Japan's housing starts unexpectedly declined by 4.3 percent year-on-year in May 2022, missing market forecasts of a 1.7% growth and after a 2.2 percent gain the prior month. This was the first drop in dwelling starts since February 2021, dragged down by decreases in new construction for owned (-6.9 percent vs -8.0 percent in April), issued (-55.9 percent vs 55.4 percent), built for sale (-8.5 percent vs 12.1 percent), and two-by-four (-8.9 percent vs -2.0 percent). At the same time, dwelling starts of prefabricated were sluggish (0.1 percent vs 8.4 percent). Meanwhile, new housing starts for rented accelerated (3.5 percent vs 2.4 percent). source: Ministry of Land, Infrastructure, Transport and Tourism, Japan
Housing Starts in Japan averaged 2.22 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 July of 2022.
Housing Starts in Japan is expected to be 1.00 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.