Japan Housing and Non-residential Starts for June 2020
June 2020 Japan Housing Starts
Recessionary pressures and the Covid 19 pandemic weighed heavily on construction activity. June total housing starts fell 12.7% year over year to finish at 71,101 units. Owner occupied housing declined 16.7% and rental housing fell 13%. The mansion condominium market fell 2.0%. Wooden housing fell 14.3% to 41,218 units. Post and beam starts fell 10.5% to 32,981 units. Wooden prefab fell 11% to 957 units. Platform frame starts dropped 27.4% to 7,280 units. By housing type, the breakdown in platform starts is as follows: custom ordered homes dropped 24.2% to 2,389 units, rentals declined 29.6% to 3,996 units and built for sale spec homes decreased 25% to 892 units.
June 2020 Non-Residential Construction
June wooden non-residential starts totaled 1,514 buildings for a floor area of 287,060m2. Year over year June non-residential wooden floor area declined 16.6%. Non-residential wood use for the month is estimated roughly at 50,236m3. Wood held a market share of 35% by number of buildings and 9.5% by floor area for the month. In the first 6 months of 2020, wooden non-residential floor area declined by 10.7%. By usage elderly, medical care and social welfare facilities topped the list, followed by mixed residential-commercial and agricultural buildings.