> Tokyo "city": 1 new home per 96 citizens per year (unconfirmed but reasonable).
Are those using the same definition of new home?
According to comments on previous discussions here about housing in Japan, which a bit of Googling seems to corroborate, houses in Japan tend to depreciate with houses becoming worthless in 20 to 30 years. When the owner moves out the new owner often demolishes the old house and builds a new one on the lot.
That's much less common in the US.
To compare to new homes in the US you'd probably not want to count new houses in Japan that are replacements for a recently demolished 20 to 30 year old houses. You'd only want to count new houses that increase the available housing.