world news - 17.12.2003

Japan: October housing starts

The total new starts in October were 104,572 units, which is 1% more than the same month a year ago and this is the second month of advance. Home owner's units stood at 31,535, 3.1% up and a gain for three consecutive months. On the other hand homes built for rental were down by 1.9% toth 41,700, which the fourth straight month of decline.

The share of wood framed units in total starts was 42.5%, 3.3% down from September.

ITTO


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