Japan Housing and Non-residential Starts Update – Sept & Oct 2020
September & October 2020 Japan Housing Starts
September total housing starts fell 9.9% year over year to finish at 70,186 units. Owner occupied housing declined 7.0% and rental housing fell 14.8%. The mansion condominium market fell 0.4%. Wooden housing fell 10.2% to 39,905 units. Post and beam starts fell 9.3% to 30,368 units. Wooden prefab increased 8.3% to 962 units. Platform frame starts dropped 13.2% to 8,575 units. By housing type, the breakdown in platform starts is as follows: custom ordered homes dropped 4.9% to 2,563 units, rentals declined 14.9% to 5,081 units and built for sale spec homes decreased 25.8% to 898 units.
October total housing starts fell 8.3% to finish at 70,685 units for the 16th consecutive monthly decline. Owner occupied housing dropped 6.1% and rental housing declined 11.5%. The mansion condominium market fell 0.9%. Wooden housing fell 9.4% to 41,424 units. Post and beam starts faired comparatively stronger, falling 7.3% to 32,239 units. Pre-Fab tanked 16.6% and wooden prefab fell 10.8% to 937 units. Platform frame starts dropped 16.5% to 8,248 units. By housing type, the breakdown in platform starts is as follows: custom ordered homes dropped 8.1% to 2,573 units, rentals declined 20.4% to 5,081 units and built for sale spec homes decreased 16.1% to 896 units.
September & October 2020 Non-Residential Construction
September wooden non-residential starts totaled 1,546 buildings for a floor area of 344,216m2. Non-residential wood use for the month is estimated roughly at 60,238m3. By the number of total non-residential buildings wood’s market share increased to 40%, however, by floor area wood accounted for 9.9%.
In October wooden non-residential starts increased to 1,688 units with a total floor area of 348,263m2. Wood’s market share was 41% by number of units and 12% by floor area. October year to date wooden floor area was 2,791,843m2, down 12% over year prior results. Total non-residential construction was 38,917 buildings year to date, falling 14% from year prior level. Care facilities, agricultural, mixed residential and commercial buildings continue to dominate by end use.