In July, the number of homes started nationwide increased by more than 9% from the same month last year, increasing for the fifth straight month.
The background is that the new coronavirus has increased the time spent at home and the demand for large housing is increasing.
According to the Ministry of Land, Infrastructure, Transport and Tourism, the number of housing units started nationwide in July was 77.18 million, up 9.9% from the same month last year, increasing for the fifth consecutive month.
Due to the influence of the new coronavirus, the number of housing starts dropped sharply at the same time last year, so there was a reaction to it, and there was a demand for houses with large interiors due to longer stays at home due to teleworking etc. The background is that orders have increased and orders are picking up.
Looking at the breakdown, the number of "owned houses" indicating custom-built houses increased by 14.8% from the same month last year to 26,071 units, and the number of "condominiums" such as condominiums and built-for-sale houses increased by 11% to 21,480 units. bottom.
“Rental houses” such as rental apartments also increased by 5.5% to 292.3 million units, all of which were positive.
The Ministry of Land, Infrastructure, Transport and Tourism said, "The number of construction starts has picked up, but it has not returned to the level before the spread of the infection. As the government's support measures for housing purchases will soon expire, it is expected that there will be some last-minute demand. However, I would like to continue to pay close attention to how the effects of the state of emergency will come out in the future. "