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Japanese Housing Starts Rise 0.3 Percent In April |
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Tuesday, 31 May 2011 06:53 |
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May/31 - Japan's Housing Starts data, unexpectedly, showed an increase of 0.3 percent in April compared to last year. In previous March, this data is recorded down 2.4 percent. Economists expect the data before it will show a decline of about 3 percent.
The number of dwelling that was built during the period of 12 months to April, as many as 798,000, down from 807,000 in March previous. Detailed data also indicated that construction orders received by 50 major contractors increased by 31.4 percent compared to last year, following a decline of 11 percent in March.
Housing Starts data is data that count the number of new privately owned residential construction work begins within a certain period.
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