AI Data Insight
Japan's new housing starts in September 2026 recorded 61,826 units, significantly retreating from the previous month's 63,974 units, and dropping 2.7% YoY, well below the market expectation of a 2.9% YoY increase. Detailed breakdowns show an across-the-board contraction in core categories such as owner-occupied and rental housing, primarily dragged down by the Bank of Japan's rate hikes and surging builder costs, suggesting that housing market momentum may remain under pressure in the coming quarters.