Japan Housing Starts Summary for July 2018
In July total housing starts edged down 0.7% to 82,615 units. Owner occupied housing was up slightly with a 0.3% increase compared to a 1.4% decrease in rental housing. Total wooden housing declined 1.6% to 46,932 starts. Post and beam housing fell 0.7% to 36,054 units. For the first time in many months prefab wood housing increased 3.7% to 1,111 units. Platform frame housing fell 5.1% to 9,767 units. The decline in multi-family apartments drove the results for 2×4 lower. By housing type, platform starts fared as follows: custom order homes increased 3.3% to 3,024 units, rentals fell 9.3% to 5,627 units and built for sale spec homes dropped 2.3% to 1,112 units.