Decline in New Housing Starts and Demand for Home Renovations
First written in FY2016. 14 of 33 entries say "Worsened", first in FY2018. Latest entry: 2026-08-05.
Ochi Holdings moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2024: 9 of 12 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- 2026-08-05MitigatedEarnings
「当第１四半期連結累計期間における新設住宅着工戸数は、前年同期の大幅な減少から回復して、前年同期比20.2％増となりました。また、当社グループの主なターゲットである持家・分譲戸建住宅の着工戸数につきましては、前年同期比23.8％増となりました。」
新設住宅着工戸数および主力ターゲットの着工戸数が前年同期比で増加し、直前期まで続いていた減少リスクが一時的に緩和された。 - FY2026MitigatedAnnual report
「Due to elevated home construction prices, rising mortgage rates and the impact of the April 2025 revision of the Building Standards Act, new housing starts during the current consolidated fiscal year decreased 12.9% from the previous period to 711 thousand units. Starts of owner-occupied and developer-built detached homes, the main targets of the Group, also decreased 10.2% from the previous period.」
The decline in housing starts continued, but the decline narrowed from the preceding interim period, when total starts decreased 17.4% and the main targets decreased 14.4%. The risk itself remains. - 2026-05-08WorsenedEarnings
「2025年４月の建築基準法改正の影響により、当連結会計年度における新設住宅着工戸数は、前期比12.9％減の71万１千戸となりました。また、当社グループの主なターゲットである持家・分譲戸建住宅の着工戸数につきましては、前期比10.2％減となりました。」
住宅着工戸数の減少が通期実績として拡大し、新設住宅着工戸数は前期比12.9％減、主なターゲットは前期比10.2％減となった。 - FY2026-H1WorsenedAnnual report
「In the housing-related industry, new housing starts during the interim consolidated accounting period decreased 17.4% from the previous period due to elevated home construction prices, rising mortgage rates and the impact of the April 2025 revision of the Building Standards Act. Starts of owner-occupied and developer-built detached homes, the main targets of the Group, also decreased 14.4% from the previous period.」
The decline in housing starts became evident as a larger interim-period decrease than the full-year results for the previous period. Construction prices, mortgage rates and the revision of the Building Standards Act were identified as factors behind the decline. - FY2025MitigatedAnnual report
「Although home construction prices remained elevated and there were concerns over rising mortgage rates, new housing starts during the current consolidated fiscal year increased 2.0% from the previous period to 816 thousand units, due in part to front-loaded demand ahead of the April 2025 revision of the Building Standards Act. However, starts of owner-occupied and developer-built detached homes, the main targets of the Group, decreased 2.2% from the previous period.」
Total new housing starts increased, and the decline in the main targets narrowed from 10.0% in the previous period to 2.2%. The risk to housing demand remains, but the decline has eased from the preceding period. - FY2025-H1RestatedAnnual report
「In the housing-related industry, due to higher home construction prices and concerns over rising mortgage rates, new housing starts during the interim consolidated accounting period decreased 0.8% from the previous period. Starts of owner-occupied and developer-built detached homes, the main targets of the Group, also decreased 7.9% from the previous period.」
Against a backdrop of higher home construction prices and concerns over rising mortgage rates, declines in new housing starts and starts of the main targets have continued. - FY2024WorsenedAnnual report
「In the housing-related industry, due to higher home construction prices and concerns over rising mortgage rates following the end of the negative interest rate policy, the Group expects a substantial decline in starts of owner-occupied and developer-built detached homes, its main targets.」
In addition to higher home construction prices, concerns over rising mortgage rates have emerged, and a substantial future decline in starts of the main targets is expected. Actual new housing starts decreased 7.0% from the previous period, while owner-occupied and developer-built detached homes decreased 10.0%. - FY2024-Q3WorsenedAnnual report
「In the housing-related industry, home construction prices have risen due to higher prices for construction materials and housing equipment, while consumer sentiment toward home purchases has deteriorated amid higher prices. As a result, new housing starts during the cumulative third quarter of the current consolidated fiscal year decreased 6.3% from the previous period. Starts of owner-occupied and developer-built detached homes, the main targets of the Group, also decreased 10.1% from the previous period.」
The decline in new housing starts was 6.3% from the previous period, while owner-occupied and developer-built detached homes, the main targets, decreased 10.1%, further worsening the risk of weaker housing demand from the preceding quarter. Higher construction prices and weaker consumer sentiment also continued. - FY2024-Q2WorsenedAnnual report
「In the housing-related industry, home construction prices have risen due to higher prices for construction materials and housing equipment, while consumer sentiment toward home purchases has deteriorated amid higher prices. As a result, new housing starts during the cumulative second quarter of the current consolidated fiscal year decreased 6.2% from the previous period. Starts of owner-occupied and developer-built detached homes, the main targets of the Group, also decreased 8.9% from the previous period.」
Against a backdrop of higher home construction prices and weaker consumer sentiment amid higher prices, new housing starts decreased 6.2%, while owner-occupied and developer-built detached homes, the main targets, decreased 8.9%. - FY2024-Q1WorsenedAnnual report
「In the housing-related industry, home construction prices have risen due to higher prices for construction materials and housing equipment, while consumer sentiment toward home purchases has deteriorated amid higher prices. As a result, new housing starts during the cumulative first quarter of the current consolidated fiscal year decreased 4.7% from the previous period. Starts of owner-occupied and developer-built detached homes, the main targets of the Group, also decreased 9.0% from the previous period.」
Both new housing starts and starts of owner-occupied and developer-built detached homes, the main targets, decreased, and the risk of weaker housing demand worsened amid higher home construction prices and weaker consumer sentiment. - FY2023-Q3WorsenedAnnual report
「In the housing-related industry, home construction prices have risen due to higher prices for construction materials and housing equipment, and new housing starts during the cumulative third quarter of the current consolidated fiscal year decreased 1.0% from the previous period. Starts of owner-occupied and developer-built detached homes, the main targets of the Group, also decreased 7.9% from the previous period.」
Housing starts turned lower after increasing through the previous period, while owner-occupied and developer-built detached homes, the main targets, decreased 7.9% from the previous period. Together with higher construction prices, this has worsened the risk of weaker housing demand. - FY2023-Q2WorsenedAnnual report
「In the housing-related industry, home construction prices continued to rise due to higher prices for construction materials and housing equipment, and new housing starts during the cumulative second quarter of the current consolidated fiscal year decreased 0.7% from the previous period. Starts of owner-occupied and developer-built detached homes, the main targets of the Group, also decreased 6.2% from the previous period.」
Total new housing starts decreased 0.7% from the previous period, while owner-occupied and developer-built detached homes, the main targets, decreased 6.2%. The decline in housing demand was confirmed again after having increased through the previous period, with the decline in the main target widening in particular. - FY2023-Q1WorsenedAnnual report
「New housing starts during the cumulative first quarter of the current consolidated fiscal year decreased 1.3% from the previous period. Starts of owner-occupied and developer-built detached homes, the main targets of the Group, also decreased 5.0% from the previous period.」
Housing starts, which had increased through the previous period, turned lower, while the decline in owner-occupied and developer-built detached homes, the main targets, reached 5.0%. The risk of weaker housing demand is worsening again. - FY2022-Q3MitigatedAnnual report
「Starts of owner-occupied and developer-built detached homes, the main targets of the Group, increased 11.5% from the previous period.」
New housing starts increased 7.1% from the previous period, while owner-occupied and developer-built detached homes, the main targets, increased 11.5%, easing the downward trend that had continued through the preceding period. - FY2022-Q2MitigatedAnnual report
「New housing starts during the cumulative second quarter of the current consolidated fiscal year increased 7.6% from the previous period. Starts of owner-occupied and developer-built detached homes, the main targets of the Group, also increased 12.8% from the previous period.」
Both new housing starts and starts of owner-occupied and developer-built detached homes, the main targets, increased, easing the downward trend that had continued through the preceding quarter. - FY2022-Q1MitigatedAnnual report
「Starts of owner-occupied and developer-built detached homes, the main targets of the Group, increased 10.1% from the previous period.」
New housing starts increased 8.1% from the previous period, while owner-occupied and developer-built detached homes, the main targets, increased 10.1%, temporarily easing the downward trend that had continued through the preceding quarter. - FY2021-Q3MitigatedAnnual report
「Employment and income conditions and consumer sentiment deteriorated as activity restrictions were imposed in response to the spread of infections, and new housing starts during the cumulative third quarter of the current consolidated fiscal year decreased 9.9% from the previous period. Starts of owner-occupied and developer-built detached homes, the main targets of the Group, also decreased 11.2% from the previous period.」
Although the declines in total housing starts and the main targets continued, the rates of decline narrowed from the 11.3% and 14.3% decreases from the previous period reported in the preceding quarter. The risk remains evident, but the extent of deterioration has eased somewhat. - FY2021-Q2WorsenedAnnual report
「Employment and income conditions and consumer sentiment deteriorated as activity restrictions were imposed in response to the spread of infections, and new housing starts during the cumulative second quarter of the current consolidated fiscal year decreased 11.3% from the previous period. Starts of owner-occupied and developer-built detached homes, the main targets of the Group, also decreased 14.3% from the previous period.」
The decline in total new housing starts widened from 4.7% from the previous period to 11.3%, while starts of owner-occupied and developer-built detached homes, the main targets, declined further from 15.7% to 14.3%, and the risk of weaker housing demand worsened. - FY2021-Q1WorsenedAnnual report
「Employment and income conditions and consumer sentiment deteriorated as activity restrictions were imposed in response to the spread of infections, and new housing starts during the cumulative first quarter of the current consolidated fiscal year decreased 12.7% from the previous period. Starts of owner-occupied and developer-built detached homes, the main targets of the Group, also decreased 15.7% from the previous period.」
Total new housing starts decreased 12.7% from the previous period, while owner-occupied and developer-built detached homes, the main targets, decreased 15.7%, indicating that the risk of weaker housing demand had worsened amid the impact of COVID-19. - FY2020-Q3WorsenedAnnual report
「Although employment and income conditions have continued to improve and consumer sentiment has recovered in the housing-related industry, new housing starts during the cumulative third quarter of the current consolidated fiscal year decreased 6.5% from the previous period. Meanwhile, starts of owner-occupied and developer-built detached homes, the main targets of the Group, increased 1.1% from the previous period.」
The decline in total new housing starts widened from 5.0% from the previous period in the preceding quarter to 6.5%. Owner-occupied and developer-built detached homes, the main targets, increased, but the growth rate slowed from 4.3% in the preceding quarter to 1.1%. - FY2020-Q2WorsenedAnnual report
「Although employment and income conditions have continued to improve and consumer sentiment has recovered in the housing-related industry, new housing starts during the cumulative second quarter of the current consolidated fiscal year decreased 5.0% from the previous period. Meanwhile, starts of owner-occupied and developer-built detached homes, the main targets of the Group, increased 4.3% from the previous period.」
The decline in total new housing starts widened from 4.7% from the previous period in the preceding quarter to 5.0%. Starts of owner-occupied and developer-built detached homes, the main targets, continued to increase, although the growth rate slowed from 7.8% in the preceding quarter to 4.3%. - FY2020-Q1MaterialisedAnnual report
「Although employment and income conditions have continued to improve and consumer sentiment has recovered in the housing-related industry, new housing starts during the cumulative first quarter of the current consolidated fiscal year decreased 4.7% from the previous period. Meanwhile, starts of owner-occupied and developer-built detached homes, the main targets of the Group, increased 7.8% from the previous period.」
Total new housing starts decreased 4.7% from the previous period, bringing the risk of weaker housing demand to the fore in market data. Meanwhile, owner-occupied and developer-built detached homes, the main targets, increased 7.8%. - FY2019MitigatedAnnual report
「In the housing-related industry, a long-term decline in new housing starts is unavoidable, but a recovery in personal consumption and some front-loaded demand ahead of the planned October 2019 consumption tax increase are expected. In the near term, new housing starts are therefore expected to remain flat.」
Although the long-term risk of declining housing starts continues to be recognized, starts are expected to remain flat in the short term due to front-loaded demand ahead of the consumption tax increase and other factors, while new housing starts for the consolidated fiscal year increased 0.7% from the previous fiscal year. - FY2019-Q3MaterialisedAnnual report
「During the cumulative third-quarter consolidated period, new housing starts fell 0.5% from the previous fiscal year. Meanwhile, starts of owner-occupied and built-for-sale detached houses, the group's main target segment, increased 1.7% from the previous fiscal year.」
New housing starts fell below the same period of the previous year, and the risk of declining housing demand continues to emerge in market data. Meanwhile, starts of owner-occupied and built-for-sale detached houses, the main target segment, increased. - FY2019-Q2MaterialisedAnnual report
「During the cumulative second-quarter consolidated period, new housing starts fell 1.1% from the previous fiscal year. Meanwhile, starts of owner-occupied and built-for-sale detached houses, the group's main target segment, increased 0.5% from the previous fiscal year.」
New housing starts fell below the same period of the previous year, and the risk of declining housing demand continues to emerge in market data. Meanwhile, starts of owner-occupied and built-for-sale detached houses, the main target segment, increased 0.5%. - FY2019-Q1MaterialisedAnnual report
「During the cumulative first-quarter consolidated period, new housing starts fell 2.0% from the previous fiscal year. Starts of owner-occupied and built-for-sale detached houses, the group's main target segment, also fell 0.3% from the previous fiscal year.」
New housing starts and starts of owner-occupied and built-for-sale detached houses, the main target segment, fell below the same period of the previous year, and the risk of declining housing demand continues to emerge in actual market data. - FY2018WorsenedAnnual report
「New housing starts during the consolidated fiscal year weakened toward the end of the year, falling 2.8% from the previous fiscal year to 946,000 units. Starts of owner-occupied and built-for-sale detached houses, the group's main target segment, also fell 1.5% from the previous fiscal year.」
The decline in housing starts became evident in the full-year results, with the rate of decline widening from that reported in the previous third quarter. - FY2018-Q3MaterialisedAnnual report
「During the cumulative third-quarter consolidated period, new housing starts fell 1.3% from the previous fiscal year but remained at a high level. Starts of owner-occupied and built-for-sale detached houses, the group's main target segment, also fell 1.2% from the previous fiscal year.」
New housing starts and starts of owner-occupied and built-for-sale detached houses, the main target segment, fell below the same period of the previous year, and the risk of declining housing demand continues to emerge in actual market data. - FY2018-Q2MaterialisedAnnual report
「During the cumulative second-quarter consolidated period, new housing starts fell 0.7% from the previous fiscal year but remained at a high level. Starts of owner-occupied and built-for-sale detached houses, the group's main target segment, also fell 1.5% from the previous fiscal year.」
New housing starts and starts of owner-occupied and built-for-sale detached houses, the main target segment, fell below the same period of the previous year. However, starts remained at a high level, and as net sales increased in the current quarter, no decline in sales has been reported. - FY2017RestatedAnnual report
「The group's net sales are significantly affected by fluctuations in the number of new housing starts. During periods of stagnation in the domestic economy, sluggish personal consumption resulting from deterioration in income and employment conditions can negatively affect new housing starts, while demand for home renovations may also cool, creating a risk of lower net sales.」
The risk of dependence on housing starts and demand for renovations continues. Meanwhile, new housing starts increased 5.8% from the previous fiscal year, and starts of owner-occupied and built-for-sale detached houses increased 3.8%. - FY2017-Q3RestatedAnnual report
「The number of starts of owner-occupied and built-for-sale detached houses, which are the group's main target segment, also increased 4.9% year on year.」
There has been no material change in the risk that housing starts will affect net sales, while during the cumulative third-quarter period, starts of the main target segment increased 4.9% year on year. - FY2017-Q2RestatedAnnual report
「The number of starts of owner-occupied and built-for-sale detached houses, which are the group's main target segment, also increased 5.0% year on year.」
There has been no material change in the risk of declining housing starts, while in the current quarter, starts of owner-occupied and built-for-sale detached houses, the group's main target segment, increased 5.0% year on year. - FY2016First statedAnnual report
「The group's net sales are significantly affected by fluctuations in the number of new housing starts. During periods of stagnation in the domestic economy, sluggish personal consumption resulting from deterioration in income and employment conditions can negatively affect new housing starts, while demand for home renovations may also cool, creating a risk of lower net sales.」
The impact of declines in housing starts and demand for renovations on net sales is identified as a key risk.