Housing starts in Japan for November were 85,051 units, a 6.7 per cent increase over 2015 and a 2.5 per cent drop from October, according the Japan Lumber Reports Thursday.
Japan Housing Starts: November 2016
The accumulated total of starts for eleven months in 2016 was 888,831, a 6.8 per cent increase over the previous year.
Housing starts in Japan have been over 80,000 units for six straight months. Assuming starts continue with this pace, annual starts will be more than 970,000 units.
Units built for owners have grown consistently through 2016, to level higher than the previous year. Total starts for wood-based units were 16,728.
Units built for sale exceeded 20,000 units for the third straight month, said the Reports.