Housing market growth slows due to high construction costs
First written in FY2018-Q1. 10 of 19 entries say "Restated". Latest entry: 2026-05-11.
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- 2026-05-11WorsenedResults
「さらに、建築基準法及び建築物省エネ法改正への対応も背景に、新設住宅着工戸数は低調に推移しており、依然として先行きは極めて不透明で厳しい経営環境であると考えております。」
住宅着工の低調さに加え、法改正対応と金利上昇局面を含む厳しい環境を示している。 - FY2026-H1RestatedAnnual report
「New housing starts have also remained on a downward trend due to population decline, and we believe the outlook is extremely uncertain and the business environment is challenging.」
Population decline and the downward trend in housing starts continue alongside soaring housing prices, creating a challenging business environment. - FY2025RestatedAnnual report
「We believe that inflation caused by soaring resource and raw material prices amid the weaker yen, together with higher housing prices resulting from shortages of skilled tradespeople and soaring building material prices, is weakening consumer sentiment.」
The weaker yen, soaring resource and raw material prices, and shortages of skilled tradespeople continue to be cited as factors behind high construction and housing costs. - FY2025-H1RestatedAnnual report
「In this industry, housing prices have become higher than before due in part to shortages of skilled workers, soaring raw material prices and higher procurement costs resulting from the weaker yen.」
Shortages of skilled tradespeople, soaring raw material prices, and higher procurement costs due to the weaker yen continue to be cited as factors behind high construction costs. - FY2024-Q3WorsenedAnnual report
「New housing starts have remained on a declining trend due to soaring material prices and the impact of shortages of skilled tradespeople, among other factors.」
In addition to soaring material prices, shortages of skilled tradespeople are explicitly identified as factors behind high construction costs, with their impact on the declining trend in housing starts described. - FY2024-Q2RestatedAnnual report
「In this industry, housing construction costs have remained elevated due to soaring material prices.」
Downward pressure on the housing market from high construction and housing costs continues to be cited. - FY2024-Q1RestatedAnnual report
「In this industry, housing prices have risen from previous levels due in part to soaring raw material prices and higher procurement costs resulting from the weaker yen. New housing starts are expected to remain weak as a result of population decline, and we believe the outlook is extremely uncertain and the business environment is challenging.」
The description continues to state that high construction and housing costs have led to higher housing prices and, together with weak housing starts due to population decline, are creating a challenging environment. - FY2023RestatedAnnual report
「It is believed that higher housing prices resulting from soaring material prices are reducing consumer sentiment.」
The situation in which high construction and housing costs lead to higher housing prices and weaker consumer sentiment continues to be described. - FY2023-Q3RestatedAnnual report
「Higher construction costs resulting from surging material prices have constrained housing starts, which remained below the previous year's levels nationwide for both owner-occupied housing and total starts. However, starts of rental properties and condominiums improved.」
The situation in which higher construction costs due to soaring material prices constrain housing starts continues to be described. - FY2023-Q2MaterialisedAnnual report
「In this industry, higher housing construction costs due to soaring material prices have weighed on sentiment toward home purchases, and owner-occupied housing starts have remained below the previous year's level.」
The concern over high construction costs is described as having materialized in higher housing construction costs and weaker sentiment toward home purchases. - FY2023-Q1WorsenedAnnual report
「In this industry, inflation in housing prices is a concern due to higher procurement costs resulting from soaring raw material prices and the weaker yen. With new housing starts remaining weak, we believe the outlook is extremely uncertain and the business environment is challenging.」
Concern over high construction costs has materialized as soaring raw material prices, higher procurement costs due to the weaker yen, and inflation in housing prices, and is described together with weak housing starts as creating an extremely challenging business environment. - FY2022WorsenedAnnual report
「Metal prices, a raw material, continued to rise, and the situation remained challenging in terms of costs, compounded by soaring prices for energy resources such as oil.」
Concern over high construction costs has materialized as a cost burden from rising metal prices and soaring energy resource prices. - FY2022-Q1WorsenedAnnual report
「A global surge in timber prices, known as the “wood shock,” has occurred, tightening the supply-demand balance for timber used in housing columns, beams and other components. Futures prices temporarily rose to five times their pre-COVID level, creating an abnormal situation.」
The previous concern over high construction costs has materialized as soaring timber prices and tight supply and demand, with futures prices reaching five times their pre-COVID level. - FY2019-Q3RestatedAnnual report
「The housing market has begun to decline, with a downturn in rental housing starts, which had driven residential investment, as well as high construction costs and other factors.」
The decline in the housing market due to high construction costs and other factors continues to be cited as a business-environment factor. - FY2019-Q2RestatedAnnual report
「The housing market has turned downward as the surge in new housing starts driven by low interest rates and inheritance tax planning has run its course, amid high construction costs and other factors.」
The decline in the housing market due to high construction costs and other factors continues to be cited as a business-environment factor. - FY2018Reframed from high construction costs to the overall corporate cost burdenAnnual report
「However, the increasing burden of corporate costs, including the worsening labor shortage and rising raw material prices, is also raising concerns as a factor that could restrain economic expansion,」
The wording has shifted from high construction costs, a factor specific to the housing market, to an increase in the overall corporate cost burden due to labor shortages and rising raw material prices. - FY2018-Q3RestatedAnnual report
「New housing starts, which had been supported by housing tax cuts, low interest rates, and inheritance-tax planning, have run their course and begun to decline because of higher construction costs and other factors. From April through December, new owner-occupied housing starts totaled 221 thousand units nationwide, down 3.3% year on year, and 9 thousand units in Hokkaido, up 1.1%. They remained below the previous year's level nationwide but slightly above it in Hokkaido.」
High construction costs continue to be cited as a factor behind the decline in the housing market. While nationwide owner-occupied housing starts fell 3.3% year on year, Hokkaido recorded a 1.1% increase. - FY2018-Q2WorsenedAnnual report
「New housing starts, which had been supported by housing tax cuts, low interest rates, and inheritance-tax planning, have run their course and begun to decline because of higher construction costs and other factors. From April through August, new owner-occupied housing starts totaled 123 thousand units nationwide, down 3.0% year on year, and 5 thousand units in Hokkaido, down 0.6%, both slightly below the previous year's levels.」
The description has changed from slower growth due to high construction costs, as stated in the previous quarter, to an actual decline in new housing starts. Nationwide starts are quantified as down 3.0% year on year, and Hokkaido as down 0.6%. - FY2018-Q1First statedAnnual report
「The housing market has remained firm, supported by housing tax incentives, low interest rates and inheritance-tax planning, but growth has begun to slow due in part to high construction costs.」
There is a description that, for the first time, organizes high construction costs and similar factors as an independent risk contributing to slower growth in the housing market.