Housing market recovery driven by low interest rates and other factors
First written in FY2017-Q1. 4 of 31 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2020: 7 of 19 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「Housing starts have continued to trend downward, with both owner-occupied homes and total starts nationwide below the previous year.」
The previous phase of declining housing starts is continuing, with no shift toward a recovery trend in the housing market reported. - FY2024Sharp decline in owner-occupied homes; overall flatAnnual report
「New housing starts have remained broadly flat overall, but owner-occupied homes have declined sharply.」
Summarizes overall housing starts as flat, while owner-occupied homes have declined sharply. - FY2024-Q2Rental housing remains resilient; owner-occupied and for-sale housing declineAnnual report
「New housing starts have remained firm for rental housing, supported by steady corporate investment, but owner-occupied and for-sale housing have shown a declining trend, and difficult business conditions continue.」
Rental housing remains resilient, supported by corporate investment, while owner-occupied and for-sale housing are trending downward, indicating divergent trends by housing use. - FY2024-Q1Update on the decline in new owner-occupied housing starts in HokkaidoAnnual report
「New owner-occupied housing starts in Hokkaido from April through June totaled 2,506 units, down 12.0% from the same period of the previous year, and we expect the difficult conditions to continue.」
For housing starts, reports the latest market results in Hokkaido: 2,506 new owner-occupied housing starts, down 12.0% year on year. - FY2023Overall flat; sharp decline in owner-occupied homesAnnual report
「New housing starts have remained broadly flat overall, but owner-occupied homes have declined sharply.」
Summarizes overall housing starts as flat, while owner-occupied homes have declined sharply. - FY2023-Q3Decline in housing starts alongside improvement in rental and condominium housingAnnual 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.」
Reports a shift in market structure, with overall housing starts continuing to fall short of the previous year while starts of rental properties and condominiums are showing improvement. - FY2023-Q1Housing starts soften; sharp decline in HokkaidoAnnual report
「Housing starts may have reached a turning point after the housing demand that increased during the pandemic, and nationwide starts of owner-occupied homes and total housing starts have remained below the previous year's levels. From April through June, new owner-occupied housing starts in Hokkaido totaled 2,847 units, down 19.3% year on year, a substantial decline from the previous year, and difficult conditions are expected to continue.」
Housing starts shifted from exceeding the previous year's levels in the prior full fiscal year to a weaker position, with owner-occupied housing and total starts nationwide falling below the previous year's levels. New owner-occupied housing starts in Hokkaido totaled 2,847 units, down 19.3% year on year. - FY2022Full-year confirmation that housing starts exceeded the previous year's levelAnnual report
「In the fiscal year ended March 2021, new housing starts totaled 865,909 units nationwide, up 6.6% year on year, and 32,091 units in Hokkaido, the company's core market, up 1.0%, both above the previous year's levels.」
The disclosure reports full-year results showing that new housing starts nationwide and in Hokkaido both exceeded the previous year's levels, following the decline phase through the prior year. - FY2022-Q3Housing starts above the previous year's level quantifiedAnnual report
「From April through December, new owner-occupied housing starts totaled 223,645 units nationwide, up 11.2% year on year, and 10,032 units in Hokkaido, up 10.3%, remaining above the previous year's levels both nationwide and in Hokkaido.」
New owner-occupied housing starts nationwide and in Hokkaido shifted from the decline phase seen through the previous year to levels above the previous year's figures, with increases of 11.2% nationwide and 10.3% in Hokkaido. - FY2022-Q2Recovery in housing starts quantifiedAnnual report
「From April through September, new owner-occupied housing starts totaled 148,745 units nationwide, up 13.3% year on year, and 7,103 units in Hokkaido, up 15.2%, both above the previous year's levels. A recovery in consumer sentiment is expected following the nationwide lifting of the state of emergency.」
The disclosure quantifies the recovery in housing starts, reporting increases of 13.3% nationwide and 15.2% in Hokkaido. - FY2022-Q1Housing starts above the previous year's level alongside new downside concernsAnnual report
「Housing starts for owner-occupied, rental and condominium properties have all remained above the previous year's levels, but there is concern that higher import-material prices and material shortages caused by the wood shock will weigh on housing starts going forward.」
This quarter, all three categories—owner-occupied, rental, and condominium housing—shifted from the previous decline phase to levels above the previous year's figures, but concerns over the outlook due to soaring timber prices and shortages of materials are also noted. - FY2021Continued decline in housing startsAnnual report
「Cumulative new housing starts through March 2021 totaled 812,164 units nationwide, down 8.1% year on year, and 31,772 units in Hokkaido, our core market, down 2.2% year on year, both below the previous year's levels.」
The decline phase, in which housing starts nationwide and in Hokkaido fell below the previous year's levels, continues, following the previous recovery and rebound driven by low interest rates and other factors. - FY2021-Q3Updated decline in new owner-occupied housing startsAnnual report
「From April through December, new owner-occupied housing starts totaled 201 thousand units nationwide, down 10.0% year on year, and 9 thousand units in Hokkaido, down 7.4%, with both below the previous year's levels.」
The disclosure reports the latest market results for new owner-occupied housing starts nationwide and in Hokkaido, including their year-on-year decline rates. - FY2021-Q2All housing categories below the previous year's level and updated decline figuresAnnual report
「The housing market has remained below the previous year's level for owner-occupied, rental and condominium properties alike as market conditions weakened due to the spread of COVID-19. From April through September, new owner-occupied housing starts totaled 131,325 units nationwide, down 14.2% year on year, and 6,165 units in Hokkaido, down 10.9% year on year. Difficult conditions are expected to continue.」
The housing market description states that owner-occupied, rental, and condominium housing all fell below the previous year's levels, and updates the decline rates for new owner-occupied housing starts nationwide and in Hokkaido. - FY2021-Q1Housing starts below the previous year's level across all categories and concern over the impact of COVID-19Annual report
「In this industry as well, concerns have emerged over declining housing starts and weak demand for renovation work. However, during the first quarter of the current fiscal year, no significant construction delays occurred and the impact of COVID-19 was contained to a certain extent. Nevertheless, the environment surrounding the housing market is expected to become increasingly difficult because of housing exhibition center closures and deterioration in employment and income conditions, and the impact on the group's results is expected to emerge gradually.」
The description has shifted from a recovery trend in the housing market to a difficult environment amid COVID-19, against a backdrop of declining housing starts, weak renovation demand, housing exhibition center closures, and deteriorating employment and income conditions. - FY2020Overall decline in housing starts and regional differences in owner-occupied housingAnnual report
「In the fiscal year ended March 2020, new housing starts totaled 883,687 units nationwide, down 7.3% year on year, and 32,486 units in Hokkaido, the company's core market, down 9.2%, both below the previous year's levels. Owner-occupied housing, which has a significant impact on the company's results, totaled 283,338 units nationwide, down 1.5%, but 11,821 units in Hokkaido, up 0.7%.」
Although total housing starts declined nationwide and in Hokkaido, owner-occupied housing exceeded the previous year's level in Hokkaido, indicating differences by housing type and region. - FY2020-Q3Coexistence of an increase in owner-occupied housing and a decline in rental housing before the consumption tax increaseAnnual report
「However, owner-occupied housing benefited from rush demand ahead of the tax increase. From April through December, new owner-occupied housing starts totaled 223 thousand units nationwide, up 0.5% year on year, and 9 thousand units in Hokkaido, up 1.8%, with both above the previous year's levels.」
While new rental housing and condominium starts were trending downward, owner-occupied housing starts exceeded the previous year's level nationwide and in Hokkaido because of rush demand ahead of the consumption tax increase. - FY2020-Q2Increase in owner-occupied and condominium housing before the consumption tax increase, and decline in rental housingAnnual report
「The housing market is above the previous year's level in owner-occupied and condominium housing because of rush demand ahead of the consumption tax increase, while rental housing has remained below the previous year's level, partly because financial institutions have taken a stricter approach to screening. From April through September, new owner-occupied housing starts totaled 152 thousand units nationwide, up 4.4% year on year, and 6 thousand units in Hokkaido, up 5.2%, both above the previous year's levels.」
Owner-occupied and condominium housing exceeded the previous year's levels because of rush demand ahead of the consumption tax increase, while rental housing fell below the previous year's level, indicating divergent trends by housing type. - FY2020-Q1Coexistence of a pre-tax-increase rush in owner-occupied housing and an overall declineAnnual report
「Housing starts for owner-occupied homes and orders have picked up ahead of the consumption tax rate increase, but rental and condominium housing starts have declined, leaving total housing starts below the previous year's level. Accordingly, new housing starts are expected to remain on a gradual downward trend.」
The disclosure simultaneously describes an increase in owner-occupied housing starts and orders ahead of the consumption tax increase, declines in rental and condominium housing, and an overall downward trend in housing starts. - FY2019Slight nationwide increase, decline in HokkaidoAnnual report
「Although the rental housing market fell below the previous year's level for the second consecutive year, strong growth in condominium housing resulted in a 0.7% year-on-year increase in total new housing starts.」
The disclosure states that total new housing starts nationwide increased 0.7% year on year, while the rental housing market fell below the previous year's level for the second consecutive year. - FY2019-Q3Slight nationwide increase, continued decline in HokkaidoAnnual report
「From April through December, new owner-occupied housing starts totaled 222 thousand units nationwide, up 0.5% year on year, and 9 thousand units in Hokkaido, down 0.7%, with Hokkaido remaining below the previous year's level.」
The disclosure continues to describe a decline phase in housing starts, but regional trends have diverged, with new owner-occupied housing starts up 0.5% year on year nationwide and down 0.7% in Hokkaido. - FY2019-Q2Continued decline in housing starts quantifiedAnnual report
「From April through September, new owner-occupied housing starts totaled 146 thousand units nationwide, down 1.2% year on year, and 6 thousand units in Hokkaido, down 3.1%, remaining below the previous year's levels.」
The disclosure states that the decline in housing starts continued, with new owner-occupied housing starts nationwide and in Hokkaido falling year on year. - FY2019-Q1Forecast of declining housing starts after a temporary recoveryAnnual report
「Housing starts have temporarily recovered as starts of built-for-sale homes, both detached houses and condominiums, increased. This is viewed as a temporary movement resulting from the timing of construction starts coinciding among companies, and new housing starts are expected to decline gradually going forward due to condominium inventory adjustments and the fading effect of inheritance-tax planning measures.」
The recovery in housing starts is described as temporary, and new housing starts are expected to decline moderately going forward. - FY2018Explicit forecast of an overall decline in housing startsAnnual report
「In the fiscal year ended March 2017, new housing starts totaled 946,396 units nationwide, down 2.8% year on year, and 37,062 units in Hokkaido, the company's core market, down 1.2%, both below the previous year's levels.」
The disclosure reports that new housing starts nationwide and in Hokkaido were below the previous year's levels. It also shows differences by housing type, with owner-occupied housing down 3.3% nationwide but up 1.4% in Hokkaido. - FY2018-Q3Nationwide decline continues; slight increase in HokkaidoAnnual 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.」
The disclosure continues to describe a decline in new housing starts, but regional trends have diverged, with starts down 3.3% year on year nationwide and up 1.1% in Hokkaido. - FY2018-Q2Shift from a recovering housing market to a decline in new housing startsAnnual 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 shifted from the housing market's resilience and recovery through the previous quarter to a decline phase, with new housing starts having run their course and falling below the previous year's level both nationwide and in Hokkaido. - FY2018-Q1Recovery trend accompanied by a slowdown caused by higher construction costsAnnual report
「The housing market remained firm, supported by housing tax cuts, low interest rates, and inheritance-tax planning, but growth has begun to slow because of higher construction costs and other factors. New housing starts nationwide and in Hokkaido remained just above the previous year's levels.」
The disclosure reconfirms the market's resilience supported by housing tax cuts, low interest rates, and inheritance-tax planning, while newly noting a slowdown in market growth caused by higher construction costs and other factors. - FY2017RestatedAnnual report
「The housing industry continued to recover, supported by housing tax cuts, low interest rates, and an increase in rental housing related to inheritance-tax planning. However, growth has moderated because higher transportation costs caused by labor shortages and price increases resulting from yen depreciation have become obstacles.」
The disclosure reconfirms the housing market's recovery supported by housing tax cuts and low interest rates, while also citing labor shortages, higher transportation costs, and price increases resulting from yen depreciation as constraints on the recovery. - FY2017-Q3RestatedAnnual report
「The housing market has recovered as mortgage rates have declined under the Bank of Japan's zero-interest-rate policy. From April through December, new owner-occupied housing starts totaled 228 thousand units nationwide, up 3.6% year on year, and 9 thousand units in Hokkaido, up 3.4%, both above the previous year's levels.」
The disclosure continues to describe the housing market's recovery driven by low interest rates and the year-on-year increase in new owner-occupied housing starts nationwide and in Hokkaido, with supporting figures. - FY2017-Q2RestatedAnnual report
「The housing market has recovered as mortgage rates have declined under the Bank of Japan's zero-interest-rate policy. From April through September, new owner-occupied housing starts totaled 152 thousand units nationwide, up 3.0% year on year, and 6 thousand units in Hokkaido, up 4.6%, both above the previous year's levels.」
The disclosure continues to describe the housing market's recovery driven by low interest rates and the year-on-year increase in new owner-occupied housing starts nationwide and in Hokkaido, with supporting figures. - FY2017-Q1First statedAnnual report
「The housing market is on a recovery trend, supported by government measures and tax policies to promote home purchases, as well as low interest rates resulting from the Bank of Japan's zero-interest-rate policy. New housing starts exceeded the previous fiscal year's level both nationwide and in Hokkaido and remained strong.」
The disclosure describes the quarterly market conditions, in which new housing starts nationwide and in Hokkaido exceeded the previous fiscal year's level, supported by measures to promote home purchases, tax policies, and low interest rates resulting from the zero-interest-rate policy.