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ECONOMY > Economic Indicators

Japan housing starts fall 7.3 pct in FY 2019

  • April 30, 2020
  • , Jiji Press , 7:07 p.m.
  • English Press

Tokyo, April 30 (Jiji Press)–Housing starts in Japan in fiscal 2019, which ended in March, fell 7.3 pct from the previous year to 883,687 units, the land ministry said Thursday.

 

Construction starts for housing for rent tumbled 14.2 pct to 334,509 units due to banks’ stricter loan screening.

 

Starts for owner-occupied housing, including custom-built houses, sagged 1.5 pct to 283,338 units, and those for condominiums and other housing for sale declined 2.8 pct to 259,732 units.

 

In March alone, overall housing starts went down 7.6 pct from a year before to 70,729 units.

 

The coronavirus pandemic had no impact on housing starts data, a ministry official said.

 

 

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