japan

Housing constructions at a nine-year low

Article by Gerd Ebner (translated by Eva Guzely) | 06.07.2020 - 09:04
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Japanese housing starts until May 2020 © Holzkurier.com

Looking at the first five months, one can see that construction of 330,000 housing units started this year. This corresponds to an 11% decrease compared to the same period of 2019. At the same time, housing constructions have reached a level similar to the one recorded shortly after the financial crisis. The years 2009, 2010 and 2011 were on a comparable level.