Japan August 2025 Annualized Housing Starts: Decline Exceeds Expectations

The Ministry of Land, Infrastructure, Transport and Tourism of Japan released the annualized housing starts data for August on September 30, 2025. The reported figure was -9.8%, compared to a forecast of -4.8% and a previous reading of -9.70%.Housing starts refer to the number of residential units for which construction has begun, serving as a key indicator of private residential building activity. A result higher than the forecast is typically considered positive for the Japanese yen.This indicator has a medium level of importance (2). It measures the monthly change in the number of new homes where construction has commenced, with data published monthly. The next release is scheduled for October 31, 2025.

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