According to data released by the Ministry of Land, Infrastructure, Transportation and Tourism on Wednesday, March 31, 2021, Japan’s housing starts continued their decline in February. Year-over-year housing starts in Japan decreased -3.7% in February, exceeding the -3.1% drop in January but proving better than economist’s prediction of -4.8% for February. On an annual basis, Japanese housing starts increased to 808,000 in February up from 801,000 in January. After increasing 14.1% in January, orders received by Japan’s “big 50” contractors grew at a much slower pace of 2.5%. Nonetheless, it was the second consecutive monthly increase.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Japan Housing Starts Fall Further In February