Impact of Population Decline on the Number of New Housing Starts
First written in FY2018-Q2. 7 of 13 entries say "Restated". Latest entry: FY2025.
Forlife moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 12 of 17 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「Conditions remain challenging, with new housing starts in 2024 falling below 800,000 units for the first time in 15 years, since 2009 immediately after the Lehman shock.」
New housing starts falling below 800,000 units has been reflected in the results, making the risk of housing market contraction associated with population decline and the declining birthrate and aging population increasingly evident. - FY2024-Q3RestatedAnnual report
「The number of owner-occupied and subdivided detached housing starts has remained below the previous year, while completed new detached homes in the Tokyo metropolitan area have also continued to exceed the previous year.」
The decline in owner-occupied and subdivided detached housing starts and the increase in completed inventory have continued, reaffirming concerns over contraction of the housing market and deterioration in the order environment. - FY2024-Q1WorsenedAnnual report
「In the housing industry in which we operate, the number of owner-occupied and subdivided detached housing starts has remained below the previous year,」
Owner-occupied and subdivided detached housing starts have reportedly remained below the previous year, making the contraction of the housing market and deterioration in the order environment increasingly evident. - FY2023RestatedAnnual report
「In the housing industry in which we operate, the number of owner-occupied housing starts has remained below the previous year, while the order environment is expected to deteriorate due in part to the impact of price increases resulting from soaring material costs, and the business environment therefore remains challenging.」
Owner-occupied housing starts remained below the previous year, and concerns over deterioration in the order environment due to soaring material costs and price increases were also confirmed for the full year. - FY2023-Q3WorsenedAnnual report
「In the housing industry in which we operate, the number of owner-occupied housing starts has remained below the previous year, while the order environment is expected to deteriorate due in part to the impact of price revisions resulting from soaring material costs, and the business environment therefore remains challenging.」
Owner-occupied housing starts have remained below the previous year, and concerns have also emerged over deterioration in the order environment due to price revisions associated with soaring material costs, making the challenging conditions for housing demand and orders increasingly evident. - FY2021RestatedAnnual report
「Construction costs are expected to rise due to the aging of skilled workers and labor shortages, while competition for land acquisition is intensifying and new housing starts are expected to continue declining over the long term.」
Labor shortages, rising construction costs, competition for land acquisition and the long-term decline in new housing starts continue to pose potential future risks to the housing industry. - FY2021-Q2WorsenedAnnual report
「The number of new owner-occupied housing starts announced by the Ministry of Land, Infrastructure, Transport and Tourism has been trending down year on year.」
The long-term decline in new housing starts against a backdrop of population decline and other factors has become evident in the year-on-year decline in owner-occupied housing starts. - FY2020RestatedAnnual report
「Future destabilizing factors, including the long-term decline in new housing starts due to population decline and soaring construction costs, remain present.」
The long-term decline in new housing starts associated with population decline and rising construction costs have once again been identified as destabilizing factors in the housing market. - FY2020-Q3RestatedAnnual report
「Amid continuing population decline in Japan due to the declining birthrate and aging population, the business environment is expected to remain challenging given the high level of completed inventory.」
Future destabilizing factors in the housing market, driven by declining birth rates, an aging population, population decline, and an increase in completed unsold inventory, have been reaffirmed. - FY2019RestatedAnnual report
「Construction costs are expected to rise due to higher material prices, the aging of skilled workers, labor shortages and other factors, while competition for land acquisitions is expected to intensify and the number of new housing starts is expected to decline over the long term.」
The long-term decline in new housing starts associated with population decline and other factors has been reaffirmed as a future destabilizing factor for the housing industry. - FY2018WorsenedAnnual report
「Construction costs are expected to rise due to higher material prices, the aging of skilled workers, labor shortages and other factors, while competition for land acquisitions is expected to intensify and the number of new housing starts is expected to decline over the long term.」
The impact of population decline on new housing starts is described more specifically as an expected long-term decline. - FY2018-Q3RestatedAnnual report
「Meanwhile, future destabilizing factors have also emerged, including the impact of increased construction demand on building costs and the impact of population decline and other factors on the number of new housing starts.」
The impact of construction costs and population decline on new housing starts is reiterated as a future destabilizing factor for the housing industry. - FY2018-Q2First statedAnnual report
「Meanwhile, future destabilizing factors have also emerged, including the impact of increased construction demand on building costs and the impact of population decline and other factors on the number of new housing starts.」
The potential impact of population decline on new housing starts is mentioned for the first time as a future destabilizing factor for the housing industry.