Declining domestic housing demand due to the declining birthrate and aging population

「New housing starts in fiscal 2025 fell 12.9% from the previous fiscal year to 711,171 units, turning down again after increasing in the previous fiscal year. By type of use, for-sale housing fell 12.6% to 200,563 units, including 82,881 for-sale condominiums, down 21.2%, and challenging market conditions continued.」

「New housing starts in fiscal 2025 fell 12.9% from the previous fiscal year to 711,171 units, turning down again after increasing in the previous fiscal year. By type of use, for-sale housing fell 12.6% to 200,563 units, including 82,881 for-sale condominiums, down 21.2%, and challenging market conditions continued.」

「In Japan's housing market, new housing starts in the six-month interim consolidated accounting period fell 17.4% year on year to 340,000 units. For-sale housing, the company's core market by type of use, fell 19.8% to 91,000 units, while the for-sale condominium market within this category fell 30.4% to 36,000 units, resulting in challenging conditions.」

「Housing starts in 2024 totaled 792,000 units, down 3.3% year on year and marking the second consecutive year of decline. This was also the first time since 2009, after the Lehman shock, that starts fell below 800,000 units, a gap of 15 years. In 2024, for-sale condominiums remained at a low level in the Tokyo metropolitan area, the other 3 major metropolitan areas and other regions, totaling 102,000 units, down 5.1% year on year, and the challenging environment continued.」

「New housing starts in the six-month interim consolidated accounting period fell 0.8% year on year to 412,000 units. For-sale housing, the company's core market by type of use, fell 2.7% to 113,000 units, while the for-sale condominium market within this category increased 11.6% to 52,000 units. However, delays in interior work on large-scale properties in the Kanto region and other factors caused sales to decline year on year.」

「In Japan's housing market, new housing starts declined year on year across owner-occupied, rental and for-sale housing. For-sale housing, the company's core market by type of use, fell 6.9% year on year to 179,000 units, while the condominium market within this category fell 7.5% to 74,000 units.」

「In Japan's housing market, new housing starts in the six-month period ended in the second quarter fell 6.2% year on year. For-sale housing, the company's core market by type of use, also fell 10.0% to 117,000 units, while the condominium market within this category fell 14.6% to 47,000 units.」

「In Japan's housing market, new housing starts in the first quarter fell 4.7% year on year. For-sale housing, the company's core market by type of use, also fell 6.6% to 61,000 units, while the condominium market within this category fell 9.8% to 25,000 units.」

「New housing starts in the current period fell 0.6% from the previous fiscal year. By type of use, owner-occupied housing fell 11.8% to 248,000 units, rental housing increased 5.0% to 347,000 units, and for-sale housing, the company's core market, increased 4.5% to 259,000 units. Within for-sale housing, the condominium market in particular increased 10.8% to 113,000 units.」

「In Japan's housing market, new housing starts declined year on year for owner-occupied homes, while rental and for-sale housing starts increased year on year, leaving total starts broadly flat.」

「In Japan's housing market, changes in lifestyles, including the spread of remote work and refraining from going out, increased interest in acquiring detached homes in the suburbs rather than small central-city apartments. The increase in wooden housing in particular caused a timber supply shock, involving shortages and price increases for wood-based building materials, and we believe this situation will continue for some time.」

「In Japan's housing market, new housing starts overall turned positive year on year. However, as the spread of remote work and refraining from going out increased time spent at home, people shifted their living arrangements from small central-city apartments to detached homes in the suburbs. This, particularly the increase in wooden housing, triggered a timber supply shock, namely shortages and price increases across wood-based building materials, and we believe this situation will continue for some time.」

「In Japan's housing market, new housing starts in the previous fiscal year fell 8.1% year on year to 812,000 units. In addition, as remote work and refraining from going out increased time spent at home amid the spread of COVID-19, people shifted their living arrangements from urban apartments to detached homes in the suburbs, reducing demand for apartments.」

「Annual new housing starts fell for the fourth consecutive year to 815,340 units, down 9.9% year on year. Apartment starts, which have a particularly significant impact on the company, also declined for the first time in 2 years, falling 8.4% to 107,880 units, resulting in a challenging operating environment.」

「In Japan's housing market, construction work that had been suspended or delayed has resumed as economic activity restarted following the lifting of the state of emergency declared over COVID-19. However, demand continues to decline as a result of the closure of construction sites by major general contractors from April through May and restrictions on face-to-face sales visits, among other factors.」

「In Japan's housing market, new housing starts in the previous fiscal year fell 7.3% year on year to 884,000 units, partly due to the consumption tax increase in October of the previous year, marking the third consecutive year of decline. Although the government introduced tax and budgetary measures after the tax increase, including extending the home loan tax deduction period and establishing the Next-Generation Home Points program, new housing starts in the January–March quarter of the current year fell 9.9% year on year. The subsequent impact of COVID-19 has also compounded the situation, and we believe that extremely challenging conditions will continue for housing-related businesses.」

「The Japanese housing market experienced a severe year, with new housing starts falling sharply by 7.3% year on year, compounded by closures of construction sites and other factors, particularly following the outbreak of COVID-19.」

「The number of new housing starts in Japan is expected to continue declining as the declining birthrate and aging population reduce the number of households.」

「The number of new housing starts in Japan is expected to continue declining as the declining birthrate and aging population reduce the number of households.」

「Regarding sales activities, although a long-term decline in new housing starts due to the declining birthrate and aging population is unavoidable, we actively promoted orders for non-residential properties such as nursing and rehabilitation facilities and serviced housing for seniors, as well as sales of system storage furniture in addition to our core products, building fixtures and architectural millwork, to increase sales per housing unit.」

「The number of new housing starts in Japan is expected to continue declining as the declining birthrate and aging population reduce the number of households.」

「Regarding sales activities, although a long-term decline in new housing starts due to the declining birthrate and aging population is unavoidable, we strengthened orders for non-residential properties such as nursing and rehabilitation facilities and serviced housing for seniors, and actively promoted sales of system storage furniture.」

「The number of new housing starts in Japan is expected to continue declining, as the declining birthrate and aging population reduce the number of households, leading to shrinking housing demand and a trend toward increasing housing stock and vacant homes.」