Resilient housing demand centered along the Tokyu Toyoko Line
First written in FY2017-Q3. 14 of 33 entries say "Restated". Latest entry: FY2026.
Forlife moved to the "Worse" side of this theme in 2024, 4 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 36 of 51 companies on the "Worse" side.
5 other companies' latest entry also says "Other".
- FY2026Resilient urban demand alongside selective purchasingAnnual report
「Meanwhile, although housing prices are expected to remain firm as supply constraints persist, consumers are expected to remain cautious in their purchasing stance due to interest-rate trends and rising prices, resulting in further demand selection based on location and price range.」
While housing prices in urban areas are expected to remain firm, purchasing stances are expected to become more cautious against a backdrop of rising interest rates and prices, with demand increasingly being selected based on location and price range. - FY2025WorsenedAnnual report
「In addition to soaring construction-material costs, home mortgage interest rates have been trending upward, and conditions have become challenging, with housing starts in 2024 falling below the 800,000-unit level for the first time in 15 years, since 2009, immediately after the Lehman shock.」
Rising home mortgage interest rates, soaring construction-material costs, and housing starts falling below the 800,000-unit level indicate the increasingly challenging conditions for housing demand and the market environment. - FY2025-H1WorsenedAnnual report
「The order environment has also remained sluggish due to weaker consumer sentiment, including the impact of soaring prices for housing equipment.」
It was explained that the order environment for custom-built homes has remained sluggish against a backdrop of soaring housing-equipment prices and weaker consumer sentiment. - FY2024-Q3WorsenedAnnual report
「In the housing industry in which we operate, housing starts for owner-occupied homes and built-for-sale detached houses remained below the previous year, while completed inventory of newly built detached houses in the Tokyo metropolitan area continued to exceed the previous year's level. In addition, rising housing prices due to soaring material costs and the waning of housing demand stimulated by COVID-19 have raised concerns about a deterioration in the order environment, and the challenging business environment has continued.」
Housing starts for owner-occupied homes and built-for-sale detached houses remained below the previous year, completed inventory in the Tokyo metropolitan area increased, and higher housing prices and the waning of demand caused by COVID-19 continued, indicating challenging conditions in the order environment. - FY2024-Q1WorsenedAnnual report
「In the housing industry in which we operate, housing starts for owner-occupied homes and built-for-sale detached houses remained below the previous year, while completed inventory continued to increase. In addition, rising housing prices due to soaring material costs and the waning of housing demand stimulated by COVID-19 have raised concerns about a deterioration in the order environment, and the challenging business environment has continued.」
Housing starts for owner-occupied homes and built-for-sale detached houses fell below the previous year, completed inventory increased, and demand stimulated by COVID-19 ran its course, indicating that conditions surrounding housing demand have become increasingly challenging. - FY2023RestatedAnnual report
「In the subdivision housing business, activity had been sluggish since last autumn, when the housing demand spurred by the spread of COVID-19 had run its course, although the number of homes delivered exceeded the previous year’s results and remained firm.」
The full-year review also indicates that, although market activity slowed after the housing demand surge caused by COVID-19 had run its course, the number of units delivered exceeded the previous year's results. - FY2023-Q3Slower activity after the end of replacement-home demand alongside firm deliveriesAnnual report
「In the subdivision housing business, activity had been sluggish since last autumn, when replacement-home demand had run its course, although the number of homes delivered remained firm.」
While market activity after replacement-home demand had run its course is described as sluggish, the number of homes delivered is stated to have remained firm. - FY2023-Q2RestatedAnnual report
「Actual housing transactions remained firm, supported by increased demand for housing compatible with new lifestyles, such as the spread of telework, and continued low mortgage rates. Meanwhile, housing construction remained challenging due to the impact of the so-called “wood shock,” rising resource prices against the backdrop of Russia’s invasion of Ukraine, and supply shortages caused by increased overseas demand for housing timber.」
While actual demand is described as firm, supported by demand for housing compatible with new lifestyles and low interest rates, supply-side challenges caused by soaring timber prices, shortages, and rising resource prices continue. - FY2023-Q1RestatedAnnual report
「Actual housing transactions remained firm, supported by increased demand for housing compatible with new lifestyles, such as the increase in telework, and continued low mortgage rates.」
While firmness in actual demand, including for detached homes, has been reaffirmed against the backdrop of demand for housing compatible with new lifestyles and low interest rates, supply-side challenges caused by shortages and rising prices of construction materials are also noted. - FY2022RestatedAnnual report
「In the housing market, actual housing transactions remained firm, supported by increased time spent at home, the spread of telework, and the fact that detached homes remained relatively affordable while condominium prices remained high, particularly in the Tokyo metropolitan area, together with continued home-purchase assistance measures and low mortgage rates.」
The view that actual demand for detached homes remains firm has been reaffirmed, supported by lifestyle changes, condominium prices, assistance measures, and low interest rates. - FY2022-Q3RestatedAnnual report
「In the housing industry to which the Company belongs, actual housing transactions remained firm, supported by increased demand for housing compatible with new lifestyles, such as the increase in telework, and continued low mortgage rates. Meanwhile, the impact of the so-called “wood shock,” including soaring timber prices and shortages caused mainly by increased demand for housing timber in the United States and China, has become increasingly severe, and the business environment on the housing supply side remains challenging.」
While actual demand is described as firm, supported by demand for housing compatible with telework and other factors and low interest rates, soaring timber prices and shortages caused by the wood shock continue to be indicated as constraints on housing supply. - FY2022-Q2Stable housing demand alongside supply constraints caused by the wood shockAnnual report
「In the housing industry to which the Company belongs, sales activities were restricted by requests to refrain from going out during the state of emergency. However, actual housing transactions remained firm, supported by increased demand for housing compatible with new lifestyles, such as the increase in telework, and continued low mortgage rates. Meanwhile, the impact of the so-called “wood shock,” including soaring timber prices and shortages caused mainly by increased demand for housing timber in the United States and China, has become increasingly severe, and the business environment on the housing supply side remains challenging.」
While actual demand is described as firm, supported by demand for housing compatible with new lifestyles such as telework and low interest rates, soaring timber prices and shortages caused by the wood shock are also noted as constraints on housing supply. - FY2022-Q1Firm demand for detached homes alongside demand for telework-compatible housingAnnual report
「During the COVID-19 pandemic, there was also a trend toward seeking detached homes in affordable price ranges that consumers could purchase while accommodating telework. The detached homes supplied by the Company remained relatively affordable, and demand remained without a significant decline, supported by home-purchase assistance measures and continued low mortgage rates.」
While maintaining the view that demand for detached homes did not experience a significant decline during the COVID-19 pandemic, specific demand related to telework and increased time spent at home is also indicated. - FY2021Firm demand alongside new housing demandAnnual report
「Demand for home purchases remained firm, supported by expanded home-purchase assistance measures and other factors.」
While temporary demand suppression and uncertainty caused by COVID-19 are indicated, new housing demand has emerged as lifestyles have changed, and demand from first-time homebuyers is described as firm. - FY2021-Q3New housing values and demand emerging during the COVID-19 pandemic are also noted.Annual report
「Meanwhile, the spread of COVID-19 has generated new values and demand in the housing sector,」
In addition to the previous assessment of firm and weakening demand, it is indicated that new values and demand have emerged in the housing sector as a result of the COVID-19 pandemic. - FY2021-Q2WorsenedAnnual report
「On the sales front, sales volumes and revenue were slightly below the same quarter of the previous year as the impact of weakening housing demand began to emerge, reflecting buyers’ cautious behavior in anticipation of the spread of COVID-19,」
Contrary to the previous view that demand for detached homes had not experienced a significant decline, buyers’ cautious stance and weakening housing demand were expressly noted. The number of subdivision homes delivered and revenue were also below the same quarter of the previous year. - FY2021-Q1No significant decline in demand for detached homes during the COVID-19 pandemicAnnual report
「The detached-home market was relatively less affected. The detached homes supplied by the Company remained relatively affordable, and demand remained without a significant decline during the COVID-19 pandemic, supported by home-purchase assistance measures and continued low mortgage rates.」
It is explained that demand for detached homes did not experience a significant decline even during the COVID-19 pandemic. The difficulty of competition for land acquisitions is also noted. - FY2020Stable demand alongside uncertainty caused by COVID-19Annual report
「Demand, particularly among first-time homebuyers, remained stable, supported by continued home-purchase assistance measures and low mortgage rates. Meanwhile, potential sources of future instability, including the long-term decline in new housing starts due to population decline and soaring construction costs, remain inherent.」
While demand from first-time homebuyers is described as stable, potential sources of instability, including population decline, fewer new housing starts, and soaring construction costs, are also noted. - FY2020-Q3WorsenedAnnual 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.」
Against the previous view that housing demand was stable, a challenging business environment is indicated, driven by population decline, rising completed inventory, and the aftermath of the consumption tax increase. - FY2020-Q2RestatedAnnual report
「While condominium prices have remained high, particularly in the Tokyo metropolitan area, detached homes remained relatively affordable, and demand continued to hold up, supported by home-purchase assistance measures and low mortgage rates. Meanwhile, the business environment is expected to remain challenging, amid intensifying competition for detached-home sites and sales in the Tokyo metropolitan area.」
While the continuation of demand for detached homes is described, the difficult competition for sites and sales in the Tokyo metropolitan area is also noted. - FY2020-Q1RestatedAnnual report
「While condominium prices have remained high, particularly in the Tokyo metropolitan area, detached homes remained relatively affordable, and demand continued to hold up, supported by home-purchase assistance measures and continued low mortgage rates. Meanwhile, competition for detached-home sites and in detached-home sales in the Tokyo metropolitan area has been intensifying, and the impact of rising construction demand on building costs has contributed to what is expected to remain a challenging business environment.」
While the continuation of demand for detached homes is described, the challenging environment caused by competition for sites and sales in the Tokyo metropolitan area and building costs is also noted. - FY2019RestatedAnnual report
「Detached homes remained affordable relative to other housing, and demand remained stable, supported by home-purchase assistance measures and continued low mortgage rates.」
While demand for detached homes is described as having remained stable, instability arising from rising construction costs and population decline is also noted. - FY2019-Q3RestatedAnnual report
「Detached homes remained relatively affordable, and demand continued to hold up, supported by home-purchase assistance measures and continued low mortgage rates. Meanwhile, competition for detached-home sites and in detached-home sales in the Tokyo metropolitan area has been intensifying, and the impact of rising construction demand on building costs has contributed to what is expected to remain a challenging business environment.」
While the continuation of demand for detached homes is described, the challenging environment caused by competition for sites and sales in the Tokyo metropolitan area and building costs is also noted. - FY2019-Q2RestatedAnnual report
「Detached homes remained relatively affordable, and demand continued to hold up, supported by home-purchase assistance measures and continued low mortgage rates. Meanwhile, competition for detached-home sites and in detached-home sales in the Tokyo metropolitan area has been intensifying,」
While the continuation of demand for detached homes is described, the difficult competition for sites and sales in the Tokyo metropolitan area is also noted, reaffirming the previous assessment. - FY2019-Q1Continued demand alongside cooling demandAnnual report
「Detached homes remained relatively affordable, and demand continued to hold up, supported by home-purchase assistance measures and continued low mortgage rates. Meanwhile, competition for detached-home sites and in detached-home sales in the Tokyo metropolitan area has been intensifying,」
While housing demand is described as continuing, the intensifying competition for sites and sales in the Tokyo metropolitan area and the challenging demand environment are also noted. - FY2018RestatedAnnual report
「Detached homes remained affordable relative to other housing, and demand remained stable, supported by home-purchase assistance measures and continued low mortgage rates.」
The view that demand for detached homes in the main markets remains stable continues to be maintained. - FY2018-Q3RestatedAnnual report
「In the subdivision housing business, demand remained firm in the area primarily served by the Company along the Tokyu Toyoko Line, and the number of subdivision homes delivered increased, although」
Firm housing demand, primarily along the Tokyu Toyoko Line, has been reaffirmed and is cited as the backdrop to the increase in deliveries. - FY2018-Q2RestatedAnnual report
「Demand remained firm in the area primarily served by the Company along the Tokyu Toyoko Line,」
The view that housing demand, primarily along the Tokyu Toyoko Line, remains firm has been reiterated. - FY2018-Q1Cautious pricing sentiment is noted alongside firm demand.Annual report
「Although demand remained firm in the area primarily served by the Company along the Tokyu Toyoko Line, there were also signs that buyers were cautious and circumspect about purchase prices.」
While demand along the line remains firm, buyers’ cautious stance toward purchase prices is newly noted. - FY2017RestatedAnnual report
「In Yokohama and Kawasaki in Kanagawa Prefecture, as well as the Jonan area of Tokyo, which are the Company’s main markets and together comprise the Tokyo–Kanagawa area, demand from first-time homebuyers is expected to remain firm, supported by a pause in land-price increases, tax incentives for home purchases, and low-interest-rate mortgages.」
The view that demand from first-time homebuyers in the main sales areas remains firm continues to be maintained. - FY2017-Q3First statedAnnual report
「As demand remained firm in the area primarily served by the Company along the Tokyu Toyoko Line, the number of homes sold was 109, excluding land sales.」
Firm demand is cited as the backdrop to sales performance. The subdivision housing business, including land sales, comprised 113 properties.