Number of new housing starts decreased by 10% or more for 3 consecutive months Impact of new corona 15:39 on July 31

The number of housing starts nationwide in June fell by more than 12% compared to the same month last year. Due to the spread of new coronavirus infections, the number of custom-built homes fell significantly, and the drop of more than 10% was for the third consecutive month.

According to the Ministry of Land, Infrastructure, Transport and Tourism, the number of housing starts nationwide in June was 71,101, a decrease of 12.8% compared to the same month last year. The number of new housing starts has decreased for 12 consecutive months, and the number of housing starts has dropped by more than 10% for 3 consecutive months.

Looking at the breakdown, the number of "owned homes" showing custom-built homes fell sharply, down 16.7% from the same month last year to 23,650 units. In addition, “rental homes” such as rental apartments decreased by 13% to 26666 units, and “condominiums” such as built-for-sale homes decreased by 7.7% to 20,189 units.

The Ministry of Land, Infrastructure, Transport and Tourism said, “The number of visitors to the housing exhibition is continuing to decrease due to the spread of the new coronavirus. The number of construction starts may continue to decrease due to the spread of the infection.” I am.