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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 February 2012 at a level of 66,928 units, a 7.5% increase compared to February 2011. Year on year starts of single-family and multi-family dwellings and row houses increased 2.4% to 32,763 units, 13.0% to 28,011 units, and 12.2% to 6,154 units, respectively. Year on year 2x4 and prefabricated housing starts increased by 5.3% to 6,723 units and 5.0% to 9,578 units, respectively. Seasonally adjusted housing starts on an annual basis increased 11.6% to 917,376 units in February 2012, as compared to January 2012.
Total imports of building products to Japan in January 2013 increased 10.0% to 103.7 billion yen (about US$1.10 billion at 94.00 yen/US$), compared to 94.3 billion yen (about US$1.18 billion at 79.82 yen/US$) in January 2012. Imports from the United States increased 16.3% to 7.6 billion yen (US$80.62 million) in January 2013, compared to6.5 billion yen (US$81.66 million) in January 2012.
Housing Starts in Japan – March 2013 (late May 2013)
Imports of Building Products to Japan – February 2013 (late May 2013)