Total housing starts in Japan for April were 75,286 units, a 3.3 per cent drop from one year ago, and representing two months’ decline, according to Japan Lumber Reports.
This is a slight improvement over March starts of 69,111, and brings seasonally-adjusted annual starts to 906,000.
Housing Starts, Japan
New construction of owners’ units in Japan for April were 23,799, a 16.1 per cent decrease over April 2013, said Japan Lumber Reports. This is a 5.4 per cent improvement over March.
Units built for sale dropped another 7.8 per cent, a third consecutive month of declines, to 19,710.