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Japan’s September Housing Starts: Statistical Summary

Following is a summary of Japan’s housing starts from the Ministry of Land, Infrastructure and Transport in Tokyo.

===============================================================================
                       Sept.      Aug.      July      June       May     April
                        2011      2011      2011      2011      2011      2011
===============================================================================
                       -------------Month-on-Month Percent Change--------------
Total starts          -20.2%     -2.2%     16.9%      0.3%      2.1%     -1.1%
 3-mo. annualized       8.4%     11.8%      4.4%     -3.8%     -6.2%     -3.0%
Houses for sale       -18.6%     -0.4%     10.7%     -4.3%     17.3%      5.8%
                       --------------Year-on-Year Percent Change---------------
Total starts          -10.8%     14.0%     21.2%      5.8%      6.4%      0.3%
 Owner occupied        -9.7%      6.9%     19.1%     -2.6%     -2.9%      0.2%
 Housing for rent     -18.2%      9.8%     18.5%      4.6%     -5.0%     -9.3%
 Other                131.7%     78.1%    -57.8%     41.0%     -3.9%     28.0%
 Houses for sale       -7.7%     31.2%     33.2%     21.6%     42.9%     12.4%

===============================================================================
                       Sept.      Aug.      July      June       May     April
                        2011      2011      2011      2011      2011      2011
===============================================================================
                   ---------------------Number of Starts-----------------------
Total starts sa       62,120    77,824    79,603    68,085    67,909    66,505
  Annualized         745,440   933,888   955,236   817,020   814,908   798,060

                   -------------------Number of Starts (nsa)-------------------
Total starts nsa      64,206    81,986    83,398    72,687    63,726    66,757
 Floor space           5,905     7,495     7,574     6,559     5,827     6,112
  YoY%                -10.3%     14.5%     22.5%      4.6%      5.8%      1.1%
 Owner occupied       24,978    31,039    32,382    26,931    23,528    23,554
 Housing for rent     19,395    28,372    30,464    26,023    20,669    22,158
 Other                 1,309       812       308       643       707       722
 Houses for sale      18,524    21,763    20,244    19,090    18,822    20,323
===============================================================================

NOTE: Seasonally adjusted = sa, Not seasonally adjusted = nsa. Monthly changes are based on seasonally adjusted figures, yearly changes are based on unadjusted figures.

SOURCE: Ministry of Land, Infrastructure and Transport

To contact the reporter on this story: Minh Bui in Tokyo at mbui@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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