August 31, 2013

News & Video: Sales tax increase boosts housing starts in Japan up 12 percent in July to a total of 84000 units for 2013 so far

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"(Japan) Housing starts in July rose 12% on the year to 84,459 units, up for the 11th straight month, the Infrastructure Ministry reported Friday.The increase is attributed to speculation that mortgage rates, which are currently moving at low levels, will rise. There was also a last-minute jump in demand ahead of price hikes in materials and an increase in the consumption tax."

SourceJuly Housing Starts Up For 11th Straight Month
Friday August 30th 2013

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