Japan Home & Building Show 2014 in Tokyo (November 12 - 14, 2014)
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Housing Starts and Imports of Building Products
The Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT) announced Japan's total housing starts for August 2014 at a level of 73,771 units, a 12.5% decrease compared to August 2013. Year on year starts of single-family and multi-family dwellings decreased 19.9% to 35,120 units and 6.6% to 30,669 units, respectively, while row houses increased 4.4% to 7,982 units. Year on year 2x4 and prefabricated housing starts decreased by 9.4% to 9,183 units and 12.0% to 10,727 units, respectively. Seasonally adjusted housing starts on an annual basis increased 0.7% to 844,884 units in August 2014, as compared to July 2014.
Total imports of building products to Japan for the seven-month period from January to July 2014 increased 10.7% to 865.1 billion yen (about US$7.90 billion at 109.50 yen/US$), compared to 781.2 billion yen (about US$8.00 billion at 97.60 yen/US$) for the same period in 2013. Imports from the United States increased 3.4% to 61.0 billion yen (US$556.68 million) from January to July 2014, compared to 59.0 billion yen (US$604.13 million) in the same period in 2013.
Residential Building Products: Kazuhisa Takabatake
Updated on November 5, 2014