Jp¥online 繁中简中EN2026/09/02
REAL ESTATE & TOURISM

[New Housing Starts | Jul 2026] Japan Logs 66,439 Starts, +8.2% YoY; SAAR Back to 774,000A · FULL TRANSLATION

Source: 国土交通省 住宅着工統計· Published: 2026/09/02 10:44 JST· Section: REAL ESTATE & TOURISM
[New Housing Starts | Jul 2026] Japan Logs 66,439 Starts, +8.2% YoY; SAAR Back to 774,000
日本全國 新設住宅開工（季調年率）
# housing starts# Japan property# housing supply# leading indicator# seasonally adjusted
Key Points
  • Japan logged 66,439 new housing starts in July 2026, +8.2% YoY, a fourth straight monthly gain.
  • The seasonally adjusted annualized rate was 774,000 units, down from June's 786,000.
  • The pace remains about 15% below the pre-pandemic level of roughly 900,000 units a year.
  • Housing starts lead actual completions by one to two years, making them a supply bellwether.
Analysis

From this issue we begin tracking Japan's new housing starts as a running series. Japan's Ministry of Land, Infrastructure, Transport and Tourism (MLIT) reported 66,439 new housing starts in July 2026, up 8.2% year on year and the fourth straight month of growth. On a seasonally adjusted annualized basis the figure was 774,000 units, slightly below June's 786,000, suggesting that supply has stabilized but is not accelerating. For Chinese-speaking readers looking to buy or rent out property in Japan, housing starts are a leading indicator of supply: they signal how many new homes and rental units will hit the market in one to two years, shaping future prices and rents.

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Full Translation
This is an English rendering compiled by the jpyonline editorial pipeline, under PR TIMES terms (for citation and translation of corporate press releases). Copyright of the original belongs to "国土交通省 住宅着工統計"; the original prevails: Read the original →

The following summarizes the housing section of MLIT's Statistics of Building Construction Starts, July 2026.

In July 2026, new housing starts totaled 66,439 units nationwide, up 8.2% year on year and the fourth straight month of increase. On a seasonally adjusted annualized basis the figure was 773,900 units (about 774,000), down 1.6% from June's 786,400.

By type: owner-occupied homes 17,730 units (+0.4% YoY); rental housing 30,164 units (+10.0%); homes built for sale 18,208 units (+14.6%), of which condominiums 7,448 and detached houses 10,578; company-provided housing 337 units.

Total residential floor area was 5,114,830 square meters, up 8.1% year on year.

(Summary translation by jpyonline under the Government Standard Terms of Use; refer to MLIT's original release for authoritative figures.)

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