--- title: "Japan Housing Starts Drop Less than Expected" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/274251692.md" description: "Japan’s housing starts fell 1.3% year-on-year in December 2025, easing sharply from an 8.5% drop in the previous month and beating market expectations of a 4.1% decline.While marking the eighth contraction of the year, it was the mildest pace since September 2024.The slowdown reflected softer declines in starts for owner-occupied homes (-1.8% vs. -9.5% in November) and rental units (-3.4% vs. -5.5%).In contrast, built-for-sale housing returned to growth (1.9% vs. -11.3%), alongside a rebound in two-by-four homes (2.8% vs. -2.7%).Meanwhile, prefabricated housing contracted more sharply (-6.1% vs - 4.1%)." datetime: "2026-01-30T05:11:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274251692.md) - [en](https://longbridge.com/en/news/274251692.md) - [zh-HK](https://longbridge.com/zh-HK/news/274251692.md) --- > 支持的语言: [English](https://longbridge.com/en/news/274251692.md) | [繁體中文](https://longbridge.com/zh-HK/news/274251692.md) # Japan Housing Starts Drop Less than Expected Japan’s housing starts fell 1.3% year-on-year in December 2025, easing sharply from an 8.5% drop in the previous month and beating market expectations of a 4.1% decline. While marking the eighth contraction of the year, it was the mildest pace since September 2024. The slowdown reflected softer declines in starts for owner-occupied homes (-1.8% vs. -9.5% in November) and rental units (-3.4% vs. -5.5%). In contrast, built-for-sale housing returned to growth (1.9% vs. -11.3%), alongside a rebound in two-by-four homes (2.8% vs. -2.7%). Meanwhile, prefabricated housing contracted more sharply (-6.1% vs - 4.1%). ### 相关股票 - [CSOP NIKKEI225 (03153.HK)](https://longbridge.com/zh-CN/quote/03153.HK.md) - [ChinaAMC Nomura N225 ETF(QDII) (513520.CN)](https://longbridge.com/zh-CN/quote/513520.CN.md) - [MS&AD Insurance Group Holdings, Inc. (1397.JP)](https://longbridge.com/zh-CN/quote/1397.JP.md) ## 相关资讯与研究 - [Japanese Firms Reduce Share Buybacks for First Time Since 2020](https://longbridge.com/zh-CN/news/281588090.md) - [BoJ leans toward further hikes but flags oil-driven stagflation risks](https://longbridge.com/zh-CN/news/280928075.md) - [February Net Trailer Orders Down 43% As Bookings Fall 26%](https://longbridge.com/zh-CN/news/281664914.md) - [Hong Kong Logs Decline in High-End Home Sales Amid Higher Stamp Duty](https://longbridge.com/zh-CN/news/281532062.md) - [US visa curbs fallout: Indian students in US drop 6.9% to 352,644 in 2026](https://longbridge.com/zh-CN/news/281606469.md)