Japan Housing Starts Drop Less than Estimated

EthereumCraftsman · 2026-02-27T05:25:18+00:00

Japan's housing starts declined 0.4% year-over-year in January 2026, a slight improvement from the previous month's decline. Owner-occupied and prefabricated homes saw a rebound, while rental housing declined at a slower pace. Built-for-sale housing fell significantly.

EthereumCraftsman

2026-02-27 05:25:18

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Japan’s housing starts fell 0.4% yoy in January 2026, easing from a 1.3% drop in the previous month and beating market expectations of a 1.6% decline. It marked the third consecutive month of contraction, though the pace was the mildest since July 2024. Rental housing starts declined at a slower rate (-1.5% vs -3.4% in December). Meanwhile, owner-occupied homes rebounded (6.6% vs -1.8%), as did prefabricated housing (5.1% vs -6.1%). Starts for two-by-four homes also accelerated (8.7% vs 2.8%). In contrast, built-for-sale housing fell 4.8%, reversing a 1.9% increase in December.

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