Financial News: Japan Housing Starts Fall More Than Expected

Japan Housing Starts Fall More Than Expected

02/28/2025 - 01:47:00 (RTTNews)

(RTTNews) - Japan's housing starts decreased for the ninth straight month in January, and at a faster-than-expected pace, data from the Ministry of Land, Infrastructure, Transport, and Tourism showed on Friday.

Housing starts dropped 4.6 percent year-on-year in January, faster than the 2.5 percent fall in the previous month. Economists had expected a decrease of 2.6 percent.

Data showed that new construction was contracted sharply by 8.6 percent in the owned segment, and declines were seen in rented, issued, and built-for-sale categories.

The seasonally adjusted annualized number of housing starts decreased to 774,000 in January from 783,000 in December.

Data also showed that construction orders received by the big 50 contractors grew 12.2 percent annually in January, following an 8.1 percent rebound a month ago.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Italy Inflation Rises To 1.7%, Highest In 16 Months (06 min(s), 30 sec(s) ago)
(RTTNews) - Italy's consumer price inflation increased further in February to the highest leve ...Full Story»

Turkey GDP Growth Improves In Q4 (01 hr(s), 0 min(s),30 sec(s) ago)
(RTTNews) - Turkey's economic growth accelerated in the fourth quarter on the back of strong d ...Full Story»

Sweden GDP Grows More Than Estimated In Q4 (02 hr(s), 21 min(s), 30 sec(s) ago)
(RTTNews) - Sweden's economy expanded more than initially estimated in the final quarter of ...Full Story»

Swedish GDP Grows More Than Estimated (02 hr(s), 24 min(s), 30 sec(s) ago)
(RTTNews) - Sweden's economy expanded more than initially estimated in the final quarter of ...Full Story»

Germany Import Prices Rise Most In Nearly 2 Years; Retail Sales Growth Tops Expectations (03 hr(s), 33 min(s), 30 sec(s) ago)
(RTTNews) - Germany's import prices grew at the fastest pace in nearly two years in January an ...Full Story»

Finland Economy Shrinks 0.2% In Q4 (04 hr(s), 06 min(s), 30 sec(s) ago)
(RTTNews) - Finland's economy contracted in the final quarter of 2024, revised from a slight ...Full Story»

Singapore Producer Prices Climb 6.2% In January (05 hr(s), 06 min(s), 30 sec(s) ago)
(RTTNews) - Singapore's producer prices increased for the second straight month in January, dr ...Full Story»

UK Nationwide House Price Rise More Than Forecast (05 hr(s), 16 min(s), 30 sec(s) ago)
(RTTNews) - UK house prices increased more than expected in February as buyers brought forward the ...Full Story»