Japan Housing Starts Summary for June 2018
Overall housing market activity is showing signs of slowing over the second quarter. June total housing starts fell 7.1% to 81,275 units for the third consecutive monthly decline. The “mansion” condominium starts fell 36.2%, weighing down the overall average. However, owner-occupied and rental housing also registered single digit declines. Total wooden housing fell 3.1% to 46,283 starts. Post and beam housing was most resilient with a 1.8% decline to 35,031 units. Prefab wood housing fell 6.8% to 1,163 units. Platform frame housing fell 7.0% to 10,089 units. By housing type, platform starts fared as follows: custom order homes fell 2.3% to 2,922 units, rentals fell 8.6% to 6,096 units and built for sale spec homes dropped 9.7% to 1,053 units.