Asia > Eastern Asia > Japan > Japan Nov Housing Starts Rebound More Than Forecast

Japan: Japan Nov Housing Starts Rebound More Than Forecast

2015/12/26

Japan's housing starts climbed additional-than-expected in November, next falling in the previous month, data from the Ministry of Land, Infrastructure, Transport and Tourism showed Friday.

Housing starts rose 1.7 % year-over-year in November, in contrast to a 2.5 % fall in October, which was the initial decrease in eight months. Economists had expected a 0.6 % increase for the month.

The number of annualized housing starts grew to 886,000 in November from 862,000 in the preceding month. It was expected to climb to 890,000.

Construction orders received by 50 large contractors went up 5.7 % annually in November, reversing a 25.2 % slump in the previous month. It was the initial rise in five months.

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