empty
 
 

28.06.202408:32:00UTC+00Japan Housing Starts Decline 5.3% In May

Japan's housing starts declined less significantly than anticipated in May, after experiencing a sharp recovery the previous month, according to data released by the Ministry of Land, Infrastructure, Transport, and Tourism on Friday.

In May, housing starts fell by 5.3 percent compared to the previous year, following a substantial 13.9 percent increase in April. Economists had predicted a larger decrease of 6.1 percent.

The data indicated that new construction saw a contraction across all categories, including owned, rented, issued, and properties built for sale.

The seasonally adjusted annualized number of housing starts dropped to 813,000 in May, down from 880,000 in April.

Additionally, construction orders received by Japan's top 50 contractors rose by 2.1 percent year-over-year in May, though this was a significant slowdown from the 26.4 percent growth recorded in the previous month.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback