Japan Housing & Non-Residential Construction Report – November 2020
November total housing starts fell 3.7% to 70,798 units. Owner-occupied housing posted a 1.5% increase, however, rental housing weighed down the total with an 8.1% decline. Wooden housing totaled 43,386 units – a decrease of 4.3%. Post and beam housing finished down 1.8% to 33,858 units. Pre-fab housing fell 6.3% to 9,661 units and wooden pre-fab finished down 8.3% to 971 units. Rental apartment starts weighed on platform frame construction with 2×4 starts slowing 12.6% to 8,557 units. The platform starts breakdown by housing type showed owner-occupied housing falling 7% to 2,591 units; rentals down 15.9% to 5,022 units and built for sale spec housing down 8.7% to 935 units.
In November non-residential starts totaled 3,921 units of which 1,673 units or 43% are to be built in wood. November total non-residential floor area was 2.86 million m2 of which the wooden share accounted for 11.3% or 322,468m2. Total estimated wood consumption for the month stood at 56,432m3. Year over year results indicate the same sluggish trend as in housing. Year to date wooden non-residential fell 10.1% by number of buildings. Year to date total non-residential starts fell 13.7%.