Around ** housing units were forecasted to begin construction in Japan in the fiscal year 2025. Housing starts were forecasted to gradually decline in the coming decades, reaching ** by fiscal 2040.
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Nomura Research Institute. (June 11, 2025). Forecasted number of new dwelling construction starts in Japan from fiscal year 2025 to 2040 (in 1,000 units) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 22, 2026, from /statistics/1499076/japan-housing-starts-forecast/
Nomura Research Institute. "Forecasted number of new dwelling construction starts in Japan from fiscal year 2025 to 2040 (in 1,000 units)." Chart. June 11, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 22, 2026. /statistics/1499076/japan-housing-starts-forecast/
Nomura Research Institute. (2025). Forecasted number of new dwelling construction starts in Japan from fiscal year 2025 to 2040 (in 1,000 units). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 22, 2026. /statistics/1499076/japan-housing-starts-forecast/
Nomura Research Institute. "Forecasted Number of New Dwelling Construction Starts in Japan from Fiscal Year 2025 to 2040 (in 1,000 Units)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 11 Jun 2025, /statistics/1499076/japan-housing-starts-forecast/
Nomura Research Institute, Forecasted number of new dwelling construction starts in Japan from fiscal year 2025 to 2040 (in 1,000 units) ÌÇÐÄÆƽâ°æ, /statistics/1499076/japan-housing-starts-forecast/ (last visited July 22, 2026)
Forecasted number of new dwelling construction starts in Japan from fiscal year 2025 to 2040 (in 1,000 units) [Graph], Nomura Research Institute, June 11, 2025. [Online]. Available: /statistics/1499076/japan-housing-starts-forecast/
