Decline in housing starts amid a declining birthrate and an aging population
First written in FY2019. 6 of 14 entries say "Worsened", first in FY2020. Latest entry: FY2026.
Kyowanissei moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 20 of 26 companies on the "Worse" side.
2 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「In the housing sector, a recovery from the decline following the pullback in demand ahead of the mandatory compliance with energy-saving standards and other measures is expected, and housing starts are projected to increase from the previous fiscal year.」
Regarding the risk of declining housing starts, the description changed to state that a recovery from the decline following the pullback in advance demand and an increase in housing starts are expected in FY2026. - 2026-05-14WorsenedResults
「住宅分野につきましては、省エネ基準適合義務化等に伴う駆け込み需要の反動減を受け、３年連続の減少となりました。」
住宅着工戸数の減少が3年連続となり、住宅需要減少リスクの継続・悪化が示された。 - FY2025WorsenedAnnual report
「New housing starts in 2024 totaled 792,098 units, down 27,525 units from the previous year and marking the second consecutive annual decline, as persistently high construction costs and other factors restrained housing demand.」
New housing starts totaled 792,098 units, down 27,525 units from the previous year and marking the second consecutive annual decline. - FY2025-H1MaterialisedAnnual report
「Orders for LCS projects (water supply and drainage equipment installation for detached houses) declined because the number of construction starts by customers placing orders with us decreased.」
The risk of declining housing starts materialized as a decrease in LCS project orders through a decline in construction starts by customers placing orders with us. - FY2024WorsenedAnnual report
「New housing starts in 2023 totaled 819,623 units, down 39,906 units from the previous year and marking the first decline in 3 years, as persistently high construction costs and other factors restrained housing demand.」
Housing starts totaled 819,623 units, down 39,906 units from the previous year and marking the first decline in 3 years. - FY2023SoftenedAnnual report
「New housing starts in 2022 totaled 859,529 units, up 3,045 units from the previous year and marking the second consecutive annual increase, partly due to a rebound from the suppression of housing demand caused by the spread of COVID-19 and a reassessment of living environments amid growing demand for working from home.」
Housing starts totaled 859,529 units, exceeding the previous year and marking the second consecutive annual increase, temporarily weakening the risk associated with the declining trend. However, housing starts are expected to remain flat in FY2023. - FY2022SoftenedAnnual report
「New housing starts in 2021 totaled 856,484 units, up 41,144 units from the previous year and marking the first increase in 5 years.」
Regarding the risk of declining housing starts, the figure increased to 856,484 units in 2021, up from the previous year and marking the first increase in 5 years. However, housing starts in the Tokyo metropolitan area are expected to remain flat. - FY2022-Q3MaterialisedAnnual report
「However, last fiscal year, the number of construction starts for newly built detached houses declined as homebuilders and others suspended sales activities due to the impact of COVID-19. As a result, the number of completed new gas equipment installation and TES projects carried forward into the current period also declined.」
The decline in housing starts in the previous fiscal year actually affected results for the current period through a decrease in completed new gas equipment installation and TES projects carried forward into the current period. - FY2022-Q1MaterialisedAnnual report
「New gas equipment installation and TES projects for detached houses declined.」
The decline in housing-related demand materialized in the current quarter as declines in new gas equipment installation and TES projects. - FY2021WorsenedAnnual report
「New housing starts totaled 815,340 units, down 89,783 units from the previous year and marking the fourth consecutive annual decline. In the first half of the fiscal year, construction sites were shut down following the declaration of a state of emergency, while disruptions to overseas manufacturing caused delays in procuring materials and other supplies, forcing construction to stop in some cases. In addition, visitors to housing exhibition centers fell sharply following requests to refrain from nonessential, nonurgent outings, resulting in declines in owner-occupied, rental and for-sale housing.」
Housing starts totaled 815,340 units, down 89,783 units from the previous year, marking the fourth consecutive annual decline. Construction stoppages and delays in procuring materials due to COVID-19 also contributed. - FY2021-Q3MaterialisedAnnual report
「The spread of the novel coronavirus caused delays in starting construction and other issues involving new detached houses, resulting in declines in new gas equipment installation and TES construction.」
The risk of declining housing starts materialized as postponed construction due to the spread of COVID-19 and declines in new gas equipment installation and TES projects. - FY2021-Q1WorsenedAnnual report
「The number of starts for new detached houses has been trending downward due to the spread of the novel coronavirus. There is also a possibility that starts could decline further if delays in starting construction and sluggish sales of new detached houses continue.」
In addition to declining housing starts against the backdrop of the falling birthrate and an aging population, the possibility of a further decline if construction delays and sluggish sales caused by the spread of the novel coronavirus continue was indicated. - FY2020WorsenedAnnual report
「New housing starts totaled 905,123 units, 37,247 fewer than in the previous year, marking the third consecutive year of decline.」
Housing starts declined from 942,370 units in the previous fiscal year to 905,123 units, marking the third consecutive year of decline. - FY2019First statedAnnual report
「New housing starts declined for the first time in 7 years as rental properties, which had performed strongly against the backdrop of revisions to the inheritance tax, were affected by issues including sublease contracts. Starts totaled 942,370 units, 22,271 fewer than in the previous year, marking the second consecutive year of decline.」
The decline in housing starts was reflected in the results, and the business environment was described as likely to continue gradually deteriorating as the number of households declines due to the falling birthrate and an aging population.