July 2020 Japan Residential Housing and Non-residential Starts
While the rate of decline began to gradually ease, July’s total housing starts continued to trail year prior levels with an 11.3% decline to finish at 70,244 units. Owner-occupied housing declined 13.6% and rental housing fell 8.8%. The mansion condominium market fell 2.9%. Wooden housing fell 12.7% to 40,450 units. Post and beam starts fell 11.8% to 31,671 units. Wooden prefab fell 10.9% to 944 units. Platform frame starts dropped 16.4% to 7,835 units. By housing type, the breakdown in platform starts is as follows: custom ordered homes dropped 16.4% to 2,414 units, rentals declined 15.9% to 4,374 units and built for sale spec homes decreased 17% to 1,045 units.
July wooden non-residential starts totalled 1,578 buildings for a floor area of 308,019m2. Year over year June non-residential wooden floor area declined 20%. Non-residential wood use for the month is estimated roughly at 53,903m3. Wood held a market share of 39% by the number of buildings and 10.3% by floor area for the month. By usage elderly, medical care and social welfare facilities topped the list, followed by mixed residential-commercial and agricultural buildings.