Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
August sees a 5.1% drop in Japanese housing starts
Posted on October 7, 2024 |
Japan's housing starts decreased for the 4th consecutive month in August, with a year-on-year decline of 5.1%, compared to a 0.2% drop in July and an expected decrease of 3.3% by economists.
Contractions were observed across all housing categories, including owned, rented, issued, and properties built for sale.
The seasonally adjusted annualized rate of housing starts rose to 777,000 in August, up from 773,000 in July.
Construction orders received by the top 50 contractors increased by 8.7% year-on-year in August, following a notable 62.8% surge in the previous month.
Despite the uptick in annualized housing starts, the overall housing market continues to face challenges.