Total housing starts in Japan were 77,872 in September, a 2.6 per cent increase over the same month last year according to Japan Lumber Reports Friday.
Total starts for the first nine months of 2015 were 676,997 units, up 2.8 per cent from the same time last year.
Housing Starts, Japan
On a seasonally adjusted basis, Japan’s annual housing starts in September were 900,000 units, a 3.3 per cent improvement over the same month in 2014.
This latest data looks to be showing an improvement in Japan home building, said the Reports.
The number of units built for owners increased for five straight months, while units built for rent also improved.
Developers reported increased land purchases due to looming consumption tax increase of 10 per cent in 2017.