Number of housing starts in May decreased by 4.3% from the same month of the previous year, decreased for the first time in 15 months

Last month, the number of homes started nationwide was 67,193, down 4.3% from the same month last year, the first decrease in 15 months.

The main factor is that the recovery from the situation where the number of construction starts has dropped significantly due to the influence of the new corona has come to an end.

Regarding the outlook for the future, the Ministry of Land, Infrastructure, Transport and Tourism says, "The prices of building materials continue to rise, and we need to carefully look at the impact."