Housing starts fall to lowest level since 1983
Wednesday, May 1, 2002 at 09:30 JST
TOKYO — Japan's housing starts totaled 1,173,077 units in fiscal 2001, down 3.3% in the second consecutive yearly fall and the lowest level since fiscal 1983, the Ministry of Land, Infrastructure and Transport said Tuesday.
Of the three main categories of housing starts, those for owner-occupied houses dropped 13.9% to 376,992 units in the year through March, the first fall below 400,000 units in 36 years. Starts of homes built for sale decreased 0.7% to 343,820 units, while those for rent increased 5.8% to 442,327. (Kyodo News)
japantoday.com
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