Japan Housing Starts January 2008

Japan's housing construction sector crisis does seem to be flattening out, and new starts fell at the slowest pace in seven months in January. Ground broken on new homes and condominiums was still down - 5.7 percent from a year earlier - but this following a much stronger rate of decline - 19.2 percent - in December, and if we look at the chart - which is based on data from the Japanese Land