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 October 2014 at a level of 79,171 units, a 12.3% decrease compared to October 2013. Year on year starts of single-family dwellings decreased 24.5% to 35,054 units, while row houses and multi-family dwellings increased 1.9% to 10,167 units and 0.4% to 33,950 units, respectively. Year on year 2x4 housing starts decreased by 14.0% to 10,040 units, while prefabricated housing starts increased by 1.1% to 13,071 units. Seasonally adjusted housing starts on an annual basis increased 2.7% to 903,876 units in October 2014, as compared to September 2014.
Total imports of building products to Japan for the nine-month period from January to September 2014 increased 7.6% to 1,090.2 billion yen (about US$9.16 billion at 119.00 yen/US$), compared to 1,013.2 billion yen (about US$10.38 billion at 97.60 yen/US$) for the same period in 2013. Imports from the United States increased 1.0% to 76.1 billion yen (US$639.41 million) from January to September 2014, compared to 75.3 billion yen (US$771.71 million) in the same period in 2013
Updated on January 7, 2015