NAHB International Builders' Show (January 20-22, 2015)
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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 September 2014 at a level of 75,882 units, a 14.3% decrease compared to September 2013. Year on year starts of single-family and multi-family dwellings decreased 19.4% to 35,567 units and 14.0% to 31,024 units, respectively, while row houses increased 11.6% to 9,291 units. Year on year 2x4 and prefabricated housing starts decreased by 2.8% to 10,369 units and 12.2% to 11,017 units, respectively. Seasonally adjusted housing starts on an annual basis increased 4.1% to 879,744 units in September 2014, as compared to August 2014.
Total imports of building products to Japan for the eight-month period from January to August 2014 increased 8.2% to 974.2 billion yen (about US$8.26 billion at 118.00 yen/US$), compared to 900.3 billion yen (about US$9.22 billion at 97.60 yen/US$) for the same period in 2013. Imports from the United States increased 1.3% to 69.2 billion yen (US$586.21 million) from January to August 2014, compared to 68.3 billion yen (US$699.83 million) in the same period in 2013.
Updated on December 1, 2014