Housing & Non-Residential Starts Reports for June and July
Japan Housing Starts Summary for June 2019
Total housing starts for June posted a small 0.2% increase to finish at 81,451 units. While owner occupied housing continued its 9th consecutive monthly gain, rental housing fell for the 10th straight month. Total wooden housing increased 3.9% to 48,071 units and total wooden floor area gained an impressive 9.1% thanks to the relative strength of single family housing. Post and beam starts improved 5.1% to 36,832 units. Wooden pre-fab increased 4.2% to 1,212 units. Platform frame starts declined 0.6% to 10,027 units. By housing type, the breakdown in platform starts is as follows: custom ordered homes increased 7.8% to 3,151 units, rentals declined 6.8% to 5,680 units and built for sale spec homes increased 12.9% to 1,189 units.
Japan Housing Starts Summary for July 2019
July total housing starts declined 4.1% to 79,232 units. Owner occupied housing increased 3.3% for the 10th consecutive monthly gain. Rental housing fell 15.2% for the 11th consecutive drop. Total wooden housing fell 1.3% to 46,344 units, but increased 2.9% by floor area. Post and beam starts fell 0.4% to 35,916 units. Wooden pre-fab dropped 4.6% to 1,060 units. Platform frame starts declined 4.1% to 9,368 units. By housing type, the breakdown in platform starts is as follows: custom ordered homes declined 4.5% to 2,888 units, rentals declined 7.6% to 5,199 units and built for sale spec homes increased 13.2% to 1,259 units.
June 2019 Non-Residential Starts
June wooden non-residential starts totaled 1,840 buildings for a floor area of 344,433m2. Estimated wood use for the month was approximately 60,276m3. By number of overall buildings wood held a share of 36% and by floor area wood accounted for 9.7% of construction. In terms of overall floor area and market share of non-residential, wooden construction has been gradually increasing in the first 6 months of 2019.
July 2019 Non-Residential Starts
Wooden non-residential starts posted a solid month for July with a total of 1,858 buildings for a floor area of 384,877m2. Estimated wood use for the month increased to roughly 67,353m3. Wood held a market share of 35% by number of buildings and 9.8% by floor area. By usage elderly, medical care and social welfare facilities topped the list, followed by agricultural buildings and mixed residential-commercial.