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Economic Calendar

Japan Housing Starts Rise for 4th Month, Growth Slows

Japan’s housing starts increased 8.2% year-on-year in July 2026, slowing significantly from an 18.6% surge in the previous month. Still, the latest reading marked the fourth consecutive month of growth, surpassing market expectations of 7.9% growth. Owner-occupied homes rose just 0.4% (vs 15.7% in June), while rental housing growth eased markedly (10.0% vs 24.6%). In the meantime, built-for-sale homes continued to grow solidly (14.6% vs 14.2%). At the same time, starts of two-by-four homes fell further (-8.5% vs -7.4%), while prefabricated housing starts dropped 6.9%, reversing a 13.7% gain in June.

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