November 2021 Japan Housing Starts
November 2021 Japan Housing Starts
Total November housing starts moved moderately higher with a 3.7% increase to finish at 73,414 units. The increase notches the 9th consecutive monthly gain. Owner-occupied housing improved 5.5% while rental housing posted a 1.4% gain. Wooden housing advanced 3.4% to 44,881 units. Post and beam starts led the pack with a 4.5% increase to 35,379 units. Wooden pre-fab starts edged up 0.5% to 976 units and total pre-fab housing rose 4.7% to 10,114 units. Platform frame starts fell 0.4% to 8,526 units. Results of 2×4 starts by housing type were as follows: single family custom homes increased 5.3% to 2,729 units, rental housing fell 3.7% to 4,837 units and built for sale spec housing rose 0.2% to 937 units.
November 2021 Non-Residential Construction
November total non-residential starts trailed increased 1.1% to 3,962 units, however, wooden non-residential starts fell 12.7% for the month to 1,467 units. Despite the double digit monthly drop for wooden non-residential units, the November year to date totals were roughly in line with year prior results. Year to date non-residential wood demand is estimated at 537,162m3. By building type elderly and medical care, mixed residential & commercial and agricultural buildings continue to lead the rankings for wood use.