The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) announced on March 30 the Statistical Survey of Construction Starts for FY2024 and March 2025.
The number of new housing starts in FY24 was 816,018 units, up 2.0% from the previous year. The area of new housing starts was 62.83 million square meters (up 1.0% year-on-year), both of which increased for the first time in three years.
By use, the number of owner-occupied houses increased for the first time in three years to 223,079 units (up 1.6% year-on-year). The number of rental houses increased by 356,893 units (up 4.8% year-on-year). The number of for-sale houses decreased for the second consecutive year to 229,440 units (down 2.4% year-on-year). Among them, the number of condominiums was 105,227 units (up 5.0% year-on-year), which started to increase again from the previous year's decrease. The number of single-family houses decreased for the second consecutive year to 122,319 units (down 8.5% year-on-year).
By metropolitan area, the Tokyo metropolitan area had a total of 291,316 units (up 1.6% year-on-year). The breakdown was 46,480 owner-occupied houses (down 0.8% year-on-year), 135,162 rental units (up 3.3% year-on-year), and 108,296 units for sale (up 0.2% year-on-year). The total number of units in the Chubu region was 91,750 (down 2.7% year-on-year). The breakdown was 34,035 owner-occupied houses (up 2.6% year-on-year), 31,783 rental units (down 4.1% year-on-year), and 24,554 units for sale (down 11.1% year-on-year). The total number of units in the Kansai region was 138,306 (up 8.6% year-on-year). The breakdown was 29,647 owner-occupied houses (up 2.8% year-on-year), 66,214 rental units (up 14.4% year-on-year), and 41,907 units for sale (up 5.6% year-on-year).
The number of new housing starts in March 2025 was 89,432 units (up 39.1% from the same month last year). New construction starts totaled 6.827 million square meters (up 40.7% year-on-year), both of which increased for the second consecutive month. The seasonally adjusted annualized rate increased for the second consecutive month to 1.08 million units (up 34.1% from the previous month).
By use, the number of owner-occupied houses increased for the first time in three months to 22,867 (up 37.4% from the same month last year). The number of rental houses increased significantly to 42,525 units (up 50.6% year-on-year). The number of for-sale housing units increased for the second consecutive month to 23,571 units (up 22.8% year-on-year). Among them, the number of condominiums increased for the third consecutive month to 10,807 (up 20.4% year-on-year). The number of single-family houses increased for the first time in 29 months to 12,472 units (up 23.3% year-on-year).
Reprinted from: Real Estate Distribution Research Institute Co., Ltd.
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