According to Japan’s Ministry of Land, Infrastructure, Transport and Tourism, Japan housing starts for August were 80,562 units (down 2 per cent from the same month in the previous year), falling below the previous year’s results for two consecutive months, said Japan Lumber Journal Monday.
Japan Housing Starts
The seasonally-adjusted annual rate for housing starts in Japan for August was 942,000 units, down 3.2 per cent from the previous month, and falling below 950,000 units for the first time in six months, said the Japan Lumber Journal Monday.
By structure, housing starts of wooden houses decreased by 3.7 per cent to 46,912 units due to a decrease in owner-occupied houses, and falling below the previous year’s results. The ratio of wooden houses by the number of units increased to 58.2 per cent, which is up 0.9 points from the previous month.