Japan Housing and Non-residential Starts: Jan&Feb 2020
January’s total housing starts dropped 10.1% to finish at 60,341 units for the seventh consecutive monthly decline. Owner-occupied housing declined 13.8%, and rental housing fell 2.5%. Wooden housing fell 11.2% to 33,849 units. Post and beam starts fell 11.1% to 26,055 units. Wooden prefab fell 17.9% to 781 units. Platform frame starts posted a 10.8% decline to 7,013 units. By housing type, the breakdown in platform starts is as follows: custom ordered homes dropped 14.5% to 2,092 units, rentals declined 7.3% to 3,939 units and built for sale spec homes decreased 15.5% to 967 units.
February total housing starts continued to trail year prior results with a 12.3% drop to finish at 63,105 units. Owner-occupied and rental housing fell 11.1% and 18.9%, respectively. Wooden housing fell 10.4% to 35,824 units. Post and beam starts fell 10% to 27,778 units. Wooden prefab ventured further into niche territory, falling 12.2% to 761 units. Platform frame starts dropped 11.9% decline to 7,285 units. By housing type, the breakdown in platform starts is as follows: custom ordered homes declined 9.8% to 2,153 units, rentals declined 12% to 4,109 units and built for sale spec homes decreased 13.3% to 1,007 units.