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Main Indicator: Housing Starts y/y
Most Recent Release
|
Actual | Forecast | Previous | Revised Form | |
| -15.6% | -6.5% | -5.0% | N/A | ||
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For March
Annualized Housing Starts: 1.088M, pr. 1.150M (Feb), 1.187M
(Jan)
Housing starts took a big tumble in March, falling 15.6%, and undershooting economists' expectations. The annualized pace for housing starts dropped to 1.088 million from February's 1.150 million. |
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Table of Past Data
| 7/31 | 8/31 | 9/28 | 10/31 | 11/30 | 12/27 | 1/31 | 2/29 | 3/31 | 4/30 | ||
| Actual | 6.0% | -23.4% | -43.3% | -44.0% | -35.0% | -27.0% | -19.2% | -5.7% | -5.0% | -15.6% | |
| Forecast | -3.5% | 0.0% | -16.0% | -32.0% | -36.7% | -28.5% | -19.0% | -12.4% | -1.0% | -6.5% | |
| Previous | -10.7% | 6.0% | -23.4% | -43.3% | -44.0% | -35.0 | -27.0% | -19.2% | -5.7% | -5.0% | |
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Past Releases
|
Actual | Forecast | Previous | Revised Form | |
| -5.0% | -1.0% | -5.7% | N/A | ||
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For February
Annualized Housing Starts: 1.150M, forecast 1.203M, pr. 1.187M
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Actual | Forecast | Previous | Revised Form | |
| -5.7% | -12.4% | -19.2% | N/A | ||
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For January
Annualized Housing Starts: 1.187M, forecast 1.118M, pr. 1.050M
Housing starts fell at the slowest pace in seven months in January, as the housing market has absorbed regulation changes that dampened housing starts. The government acted in November to ease the regulations, starting the recovery in housing starts. The indicator has been improving the past four months after posting a measure of -44.0% for the September period. Government officials are optimistic that housing is going to recover further in February. |
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|
Actual | Forecast | Previous | Revised Form | |
| -19.2% | -19.0% | -27.0% | N/A | ||
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For December
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Actual | Forecast | Previous | Revised Form | |
| -27.0% | -28.5% | -35.0 | N/A | ||
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For November Statistics from Ministry of Land, Infrastructure and Transport, Government of Japan Restrictive safety requirements implemented in June this year has put a drag on construction for the 5th straight month in November. Buildings before June went up without a rigorous anti-seismic screening process and were allowed to be built despite their inability to withstand earthquakes. The new screening process means a longer application period and slower housing starts. |
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Actual | Forecast | Previous | Revised Form | |
| -35.0% | -36.7% | -44.0% | N/A | ||
| For October. Housing Starts for the past 4 months have been dramatically lower than during the sames months last year. Only June's figures were higher than last June's. For October all types of dwellings are lower than a year ago, except in the construction level for information and communications industries, which is 10.9% higher than last October's. | |||||
|
Actual | Forecast | Previous | Revised Form | |
| -44.0% | -32.0% | -43.3% | N/A | ||
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For September This is the third straight month of year over year declines as housing starts fell to 63,018 units in September, according to Japan's Ministry of Land, Infrastructure and Transport. Building standards laws enacted in June have made it harder for obtain building permits. The Ministry also reported lowered 16.3% on the year in a declining trend. Private sector orders climbed 4.0% while public sector orders dropped 34.4%. Overseas orders fell 68.4%. |
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Actual | Forecast | Previous | Revised Form | |
| -43.3% | -16.0% | -23.4% | N/A | ||
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August saw tremendous cut-down in housing starts. Private housing starts fell 31.0%, while rental housing starts declined 46.6%. Multi-unit dwellings starts fell 52.0%. The new building standard laws enacted in June appears to be dragging housing starts, according to the Ministry of Land, Infrastructure and Transport (MLIT).
In an accompanying release, construction orders 50 of Japan's leading contractors dropped 14.2% on an annual basis in August. Orders in the public sector saw a 20.1% drop, while the private sector declined 12.7%. |
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Actual | Forecast | Previous | Revised Form | |
| -23.4% | 0.0% | 6.0% | N/A | ||
| Housing starts for July plunged 23.4% year-over-year in July, following a 6.0% increase last month. This was the largest monthly drop for the indicator in more than nine years. The prospect of higher interest rates, along with waning consumer sentiment and wage growth were probably to blame for the poor number. This measure was for the July period, before financial markets across the globe were roiled by worries by housing concerns in the US. | |||||
|
Actual | Forecast | Previous | Revised Form | |
| 6.0% | -3.5% | -10.7% | N/A | ||
| For June, overall housing starts were up 6.0% y/y to 121,149. The self-owned component is down 7.1% while the rent component is up 13.3%. | |||||