The housing market continues to recover as more time is spent at home due to the effects of the new coronavirus.
Last month, the number of homes started nationwide increased by 4% from the same month last year to more than 73,000, the seventh consecutive month of increase.
According to the Ministry of Land, Infrastructure, Transport and Tourism, the total number of housing units started nationwide last month was 73,178, an increase of 4.3% from the same month last year, the seventh consecutive month of increase.
The housing market continues to recover as more time is spent at home due to the impact of the new Corona.
Looking at the breakdown, the number of “owned homes”, which indicates custom-built homes, increased by 14.9% from the same month last year to 25,659 units, the 11th consecutive month of increase.
In addition, “rental houses” such as rental apartments also increased by 12.8%, the seventh consecutive month of increase.
On the other hand, "condominiums" such as condominiums and built-for-sale houses decreased by 14.9% due to the reaction from the same month last year when the construction of large-scale condominiums started in the Tokyo metropolitan area, but "detached houses" among them are the same as last year. It increased by 14.6% from the month.
The Ministry of Land, Infrastructure, Transport and Tourism said, "Consumers choose as large a house as possible to spend more comfortably." "Some housing exhibition halls have fewer visitors than before. I want to look carefully at the future. "