According to the Ministry of Land, Infrastructure, Transport, and Tourism (MLIT), new housing starts across the country reached 865,909 units in 2021, up 6.6% from 2020.
This is the first increase in three years. Housing starts were low in 2020 due to the initial state of emergency declaration which saw a temporary pause in business activity.
Custom detached home builds increased by 6.9% to 281,279 units, while build-to-sell detached homes increased by 11.4% to 144,124 units. Rental housing, including blocks of flats, increased by 9.2% to 330,752 units.
Meanwhile, condominium apartments dropped by 5.0% to 102,762 units as developers continued to struggle to secure development sites in a competitive market. In the greater Tokyo area, new starts of condominium apartments dropped by 11.2%. In the Tokyo metropolitan area, the supply dropped by 12.1% to 29,216 units. The shrinking supply and rising construction costs have contributed to the high market price of apartments nationwide.
The Ministry of Land, Infrastructure, Transport, and Tourism, April 28, 2022.
The Yomiuri Shimbun, April 30, 2022.
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