Demand for housing is strong as telework becomes more widespread due to the corona.
The number of houses started nationwide in October was more than 78,000, an increase of 10% from the same month last year, the eighth consecutive month of increase.
According to the announcement by the Ministry of Land, Infrastructure, Transport and Tourism, the total number of housing units started nationwide in October was 78,004, an increase of 10.4% from the same month last year, the eighth consecutive month of increase.
With the spread of telework and the increase in time spent at home due to the influence of the new coronavirus, this is a form that shows the resilience of housing demand.
Looking at the breakdown, the number of
"owned houses" indicating custom-built houses increased by 16.6% from the same month last year to 26,840 units, the 12th consecutive month of increase.
In addition,
“rental housing” such as rental apartments increased by 14.5% for 8 consecutive months,
and “for-sale housing” such as condominiums and built-for-sale
increased by
0.6%, turning to an increase for the first time in 2 months.
According to the Ministry of Land, Infrastructure, Transport and Tourism, all the emergency declarations issued in Tokyo and other places were lifted at the end of September, and the number of people visiting the housing exhibition hall has increased since October.
On the other hand, regarding the future outlook, he said, "It may be affected by the trend of mortgage tax cuts currently under discussion, so we need to look carefully."