31 January 2001, 18:15 Japan's housing starts up 10.6% from year before in December
By BridgeNews
Tokyo--Jan. 31--Japanese housing starts increased for the third
straight month in December, climbing 10.6% from a year earlier to an
annualized 1.262 million units, the Ministry of Land, Infrastructure, and
Transport announced Wednesday.
* * *
A ministry official said he does not expect overall housing starts to
decline on year for a while, because construction of owner-occupied houses
and rental dwellings financed by private financial institutions has been
steady.
The ministry said housing starts in 2000 rose 4.0% on year to 1.226
million units, recovering from falls on year for the previous two years.
The year-on-year changes in December housing starts by sector follow:
--Owner-occupied houses down 0.7%.
--Rental housing up 2.4%.
--Residences by developers up 37.9%.
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