Japan Housing Stars Fall Less Than Expected In November

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Housing starts in Japan declined 19.1% year-on-year in November following a fall of 27.1% in October, data released by the Ministry of Land, Infrastructure and Transport showed Friday. Economists had forecast 23% drop.

Annualized housing starts recorded 0.798 million unit in November compared with 0.762 million unit in the previous month. It came more than the expected 0.756 million unit.

Construction orders fell 11.6% in November after a slump of 40.1% in October. Public sector orders grew 27.9%, while private sector orders plunged 25.5%. External orders surged 71.4%.

Housing starts in Japan declined 19.1% year-on-year in November following a fall of 27.1% in October, data released by the Ministry of Land, Infrastructure and Transport showed Friday. Economists had forecast 23% drop. (Market News Provided by RTTNews)