August 2020 Japan Residential Housing and Non-residential Starts
August 2020 Japan Housing Starts
Sluggish market conditions continued to prevail in August as total housing starts fell 9.1% year over year to finish at 69,101 units. Owner occupied housing declined 8.8% and rental housing fell 5.4%. The mansion condominium market fell 7.7%. Wooden housing fell 12% to 38,410 units. Post and beam starts fell 11.2% to 29,952 units. Wooden prefab increased 1.6% to 973 units. Platform frame starts dropped 16.6% to 7,485 units. By housing type, the breakdown in platform starts is as follows: custom ordered homes dropped 14.5% to 2,328 units, rentals declined 15.3% to 4,371 units and built for sale spec homes decreased 27.2% to 778 units.
August 2020 Non-Residential Construction
August wooden non-residential starts totaled 1,508 buildings for a floor area of 312,088m2. Non-residential wood use for the month is estimated roughly at 54,615m3. By the number of total non-residential buildings wood’s market share increased to 41%, however, by floor area wood accounted for 10.3%. By usage elderly, medical care and social welfare facilities topped the list, followed by agricultural buildings and mixed residential and commercial buildings. Year to date non-residential construction is down by 13.2%.