According to the latest data released on 29th March 2024, Housing Starts in Japan continued their downward trend in February 2024. The current indicator showed a decrease of 8.2% compared to the same period last year. This decline marks a further slip from the previous month when the indicator had dropped by 7.5% in January 2024.
The Year-over-Year comparison indicates a concerning trend in the Japanese housing market, with consecutive months showing negative growth in Housing Starts. As this data reflects the construction activity in the country, the continued decrease may impact the overall economic outlook. Analysts will be closely monitoring future housing data to assess the trajectory of Japan's real estate sector and its broader implications on the economy.
