Sluggish Demand for Detached Homes

「The number of built-for-sale and custom-built homes sold by 玉善 increased year on year.」

「In Aichi Prefecture, where 玉善 operates, the number of new visitors increased and the number of homes sold rose significantly from the previous period as inventories of completed homes were cleared and price discount competition eased.」

「As a result, both companies' sales volumes exceeded the year-earlier period, and housing-segment revenue was ¥22,624 million, up 4.1% year on year,」

「However, the number of homes sold by both companies declined as they were affected by a drop in visitor numbers and consumers holding back on home purchases.」

「Domestic new housing starts declined overall.」

「Domestic new housing starts declined overall. In the first half, the number of homes sold by both companies fell below the year-earlier period because consumers held back on home purchases and for other reasons.」

「In the Group's housing segment, the number of homes sold by both スウェーデンハウス and 玉善 declined year on year because of consumers holding back on home purchases and a decline in new visitor numbers.」

「In the housing market, new housing starts remained weak amid higher component and energy prices and the impact of inflation.」

「Although selling prices were revised in response to higher material and timber costs, the number of homes sold fell below the previous year and revenue at スウェーデンハウス and 玉善 declined. However, profit increased as the impact on cost of sales of the fair value adjustment included in inventories at the time of 玉善's acquisition was eliminated. As a result, revenue was ¥44,598 million, down 7.0% year on year, and operating profit was ¥754 million, up 256.0%.」

「In the housing segment, although the number of homes sold by スウェーデンハウス increased year on year, the number sold by 玉善 declined year on year as visitor numbers fell.」

「In the housing market, new housing starts remained firm, supported by greater interest in housing as working from home became more widespread and by low interest rates.」

「In the housing market, demand grew, particularly for owner-occupied homes, as a result of the impact of the infectious disease, and new housing starts increased year on year.」

「In the housing market, demand for improvements to the home environment increased as working from home became more widespread because of the infectious disease, signs of a recovery were seen in owner-occupied housing starts, and new housing starts continued to increase year on year.」

「In the housing market, new housing starts continued to increase year on year despite an uncertain outlook due to the impact of COVID-19 and the wood shock. In the housing segment, the number of homes contracted and sold by スウェーデンハウス increased year on year.」

「In the housing market, housing starts remained sluggish, declining approximately 10% year on year, mainly because visitor numbers at exhibition centers fell as a result of restrictions on going out amid the spread of infectious disease.」

「In the housing business, housing starts remained sluggish as visitor numbers at exhibition centers declined because of the reaction following the rush in demand before the consumption tax increase in October last year and restrictions on going out amid the spread of infectious disease.」

「In the housing business, visitor numbers at housing exhibition centers from April to May remained down 90% year on year, creating challenging conditions, and the number of homes ordered by スウェーデンハウス Co., Ltd. declined year on year. Although government support measures to promote home purchases continued, consumers became increasingly cautious about purchasing homes amid the COVID-19 pandemic, and the time required to reach a contract lengthened further.」

「In the housing industry, government measures supporting home purchases after the consumption tax increase were implemented, in addition to steady improvement in employment and income conditions and continued low mortgage rates. However, demand for home construction remained weak, partly because of the impact of the consumption tax increase and major natural disasters, with visitor numbers at housing exhibition centers declining year on year.」

「In the housing market, interest in purchasing homes remained firm, supported by continued improvement in employment and income conditions and government measures such as preferential tax treatment to promote home purchases. However, as visitor numbers at housing exhibition centers continued to trend down year on year, orders received remained weak, declining year on year in almost all categories, including detached, rental and subdivided housing.」

「Visitor numbers at housing exhibition centers continued to decline year on year, and the number of homes ordered fell below the previous period as consumers remained cautious about purchasing homes, with many waiting rather than rushing to buy despite favorable conditions such as low interest rates and tax incentives, and taking longer to make decisions.」

「In the housing business, the number of visitors to housing exhibition centers and orders received have continued to decline year on year since the start of the fiscal year. Although government support measures to promote home purchases have continued, consumers remain concerned about the uncertain economic outlook and continue to take a cautious wait-and-see approach, resulting in challenging conditions.」

「In the housing industry, demand for home construction remained weak amid some uncertainty, including persistently high construction costs ahead of the Tokyo Olympic and Paralympic Games, despite steady improvement in employment and income conditions, continued low mortgage rates and ongoing government support measures for home purchases.」

「Despite favourable conditions such as low interest rates and tax incentives, consumer caution over home purchases, including in light of housing purchase support measures following the consumption tax increase, led the number of orders received by the Company to fall slightly below the previous fiscal year.」

「Although measures supporting housing demand, including continued government assistance for home purchases, tax incentives and low interest rates, were implemented, the order environment for detached houses remained challenging. This was partly due to the postponement of the consumption tax increase and the trend toward longer periods before contracts were signed.」

「Although the housing business as a whole remained solid, partly because rental housing continued to show strong growth, demand for detached houses remained sluggish.」