Japan Housing Starts Summary for November 2018
October total housing starts declined 0.6% to 84,213 units. The recent trend of resilience in owner occupied starts and sluggishness in rentals continued. Owner occupied housing starts increased 2.5%, whereas rental housing fell 6.9%. Total wooden housing dropped 3.7% to 48,089 units. Post and beam starts declined 3.6% to 36,607 units. Wooden pre-fab fell 6.3% to 1,140 units. Platform frame starts retreated 3.7% to 10,342 units. By housing type, the breakdown in platform starts is as follows: custom ordered homes increased 1.9% to 2,955 units, rentals declined 7.5% to 6,115 units and built for sale spec homes rose 4.3% to 1,268 units.