Japan's housing starts rose by 2.2 percent year-on-year in April 2022, the least since March 2021 and following a 6.0 percent growth a month earlier. The latest reading was less than market consensus of a 3.0 percent gain. New construction starts for rented moderated sharply (2.1 percent vs 18.6 percent in March), amid further declines in dwelling starts for both owned (-8.1 percent vs -9.4 percent) and two-by-four (-2.3 percent vs 12.7 percent). In contrast, new starts grew faster for issued (55.4 percent vs 12.4 percent), built for sale (12.1 percent vs 6.0 percent), and prefabricated (8.2 percent vs 3.7 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 June 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.