Japan Housing Starts y/y

Country:
Japan
JPY, Japanese yen
Source:
Sector:
Housing
Low -12.3% -6.5%
-12.9%
Last release Importance Actual Forecast
Previous
-6.4%
-12.3%
Next release Actual Forecast
Previous
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Housing Starts y/y reflect changes in the number of new residential construction projects, which started in the reported month, compared to the same month a year ago. The Ministry of Land, Infrastructure, Transport and Tourism publishes the relevant data on the last day of the reported month.

Construction data is difficult to compare on the month-over-month basis, as volumes are highly dependent on the season and other factors. For example, construction volumes in Japan increase after the rainy season and in the summer; in colder regions construction decreases significantly in late autumn. Therefore, construction dynamics is best reflected in year-over-year indicators.

Before starting construction, a company should file a construction start notice. The indicator is calculated based on these notices. Companies indicate the construction area and estimated costs, which makes it possible to assess the impact on other types of production activities (for example, the production of building materials) and employment in the construction sector. Furthermore, an increase in demand for new homes may lead to an increased demand for other products needed to new home buyers, such as new furniture, appliances, etc. Generally, an increase in demand for new homes points to the growth of the population welfare.

Therefore higher readings of housing starts may have a positive impact on the Japanese yen quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "Japan Housing Starts y/y" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
May 2020
-12.3%
-6.5%
-12.9%
Apr 2020
-12.9%
-7.9%
-7.6%
Mar 2020
-7.6%
-9.4%
-12.3%
Feb 2020
-12.3%
-7.0%
-10.1%
Jan 2020
-10.1%
-8.5%
-7.9%
Dec 2019
-7.9%
-6.2%
-12.7%
Nov 2019
-12.7%
-5.1%
-7.4%
Oct 2019
-7.4%
-4.0%
-4.9%
Sep 2019
-4.9%
-7.1%
Aug 2019
-7.1%
-4.1%
Jul 2019
-4.1%
0.3%
Jun 2019
0.3%
-8.7%
May 2019
-8.7%
-5.7%
Apr 2019
-5.7%
10.0%
Mar 2019
10.0%
4.2%
Feb 2019
4.2%
1.1%
Jan 2019
1.1%
2.1%
Dec 2018
2.1%
-0.6%
Nov 2018
-0.6%
0.3%
Oct 2018
0.3%
-1.5%
Sep 2018
-1.5%
1.6%
Aug 2018
1.6%
-0.7%
Jul 2018
-0.7%
-7.1%
Jun 2018
-7.1%
1.3%
May 2018
1.3%
0.3%
Apr 2018
0.3%
-8.3%
Mar 2018
-8.3%
-2.6%
Feb 2018
-2.6%
-13.2%
Jan 2018
-13.2%
-2.1%
Dec 2017
-2.1%
-0.4%
Nov 2017
-0.4%
-4.8%
Oct 2017
-4.8%
-2.9%
Sep 2017
-2.9%
-2.0%
Aug 2017
-2.0%
-2.3%
Jul 2017
-2.3%
1.7%
Jun 2017
1.7%
-0.3%
May 2017
-0.3%
1.9%
Apr 2017
1.9%
0.2%
Mar 2017
0.2%
-2.6%
Feb 2017
-2.6%
12.8%
Jan 2017
12.8%
3.9%
Dec 2016
3.9%
6.7%
Nov 2016
6.7%
13.7%
Oct 2016
13.7%
10.0%
Sep 2016
10.0%
2.5%
Aug 2016
2.5%
8.9%
Jul 2016
8.9%
-2.5%
Jun 2016
-2.5%
9.8%
May 2016
9.8%
9.0%
Apr 2016
9.0%
8.4%

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