Housing starts in Japan rose by 6.8% in November

27.12.2010 12:36
Housing starts in Japan rose by 6.8% in November for the year to 72,838 homes, the growth observed the sixth consecutive time, reported the Ministry of Land, Infrastructure, Transport and Tourism said on Monday. Increase in November was stronger than the projected 4.8% growth.

Growth was the result of government programs to cover the cost of buying houses and repair, it has had some support for housing, together with a low rate loan.

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Growth rates have become more reticent to 20,4% in August - the maximum since September 2009 when there was an increase by 54,2%. Housing starts decreased in 2009. The largest annual fall on -44.0% was recorded in September 2007 and the sharp increase was 67.6% seen in March 1972.

On a seasonally adjusted annualized housing starts totaled 847,000 units in November, compared with 813,000 units in October. In November, it was built: - Homes for sale rose 7.1% y / y to 235 units and 27 (compared to 10,4% in October), 13ty consecutive monthly gain. - Homes for Rent -9.5% y / y to 26,703 units (up from -9.0%), the second month of fall. - Condominiums and homes for sale by 46,3% to 18,549 units (compared to 37.1%), the ninth consecutive annual increase.

Content tags: Overseas property
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