Risk of a decline in new housing starts
First written in FY2016. 9 of 26 entries say "Worsened", first in FY2021-Q1. Latest entry: 2026-08-07.
Wood One moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 17 of 23 companies on the "Worse" side.
5 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「In Japan's housing industry, combined starts of owner-occupied and for-sale detached homes, the Group's main domestic sales market, have remained well below the previous year due to the impact of the revised Building Standards Act that took effect in April 2025 and the recent surge in housing prices.」
Against the backdrop of the revised Building Standards Act taking effect and soaring housing prices, starts of the Group's main owner-occupied and for-sale detached homes have fallen well below the previous year, deepening the risk of declining housing demand. - FY2024RestatedAnnual report
「In Japan's domestic housing industry, starts in the detached housing market, the Group's main sales market, have remained below the previous year since January 2022.」
The company reconfirms that starts of owner-occupied and for-sale detached homes have remained below the previous year since January 2022. - FY2024-Q3RestatedAnnual report
「In the housing industry, combined starts of owner-occupied and for-sale detached homes in Japan, the Group's main domestic sales market, have remained below the previous year since January 2022.」
The company reconfirms that domestic starts of owner-occupied and for-sale detached homes have remained below the previous year since January 2022. - FY2024-Q2WorsenedAnnual report
「In the housing industry, combined starts of owner-occupied and for-sale detached homes in Japan, the Group's main domestic sales market, have remained below the previous year since January 2022. Housing-related demand in New Zealand and Europe, major sales markets for overseas subsidiaries, has also remained weak due to the prolonged monetary tightening policies in those countries.」
Domestic starts of owner-occupied and for-sale detached homes have remained below the previous year since January 2022, while housing-related demand in New Zealand and Europe has also weakened due to prolonged monetary tightening. - FY2023WorsenedAnnual report
「Combined starts of owner-occupied and for-sale detached homes, the Group's main sales areas, have been trending well below the previous year due to a decline following rush demand ahead of the end of the housing loan tax deduction in December 2021, as well as the impact of higher housing prices resulting from soaring material costs.」
Due to the decline following the end of the housing loan tax deduction and higher housing prices, starts of the Group's main owner-occupied and for-sale detached homes fell well below the previous year. - FY2023-Q3WorsenedAnnual report
「In the housing industry, combined starts of owner-occupied and for-sale detached homes, the Group's main sales areas, have been trending well below the previous year due to a decline following rush demand ahead of the December 2021 expiration of the housing loan tax deduction, as well as the impact of higher housing prices resulting from soaring material costs.」
Starts of the Group's main owner-occupied and for-sale detached homes have been trending well below the previous year due to the decline following the expiration of the housing loan tax deduction and higher housing prices. - FY2023-Q1WorsenedAnnual report
「In the housing industry, starts of owner-occupied and for-sale detached homes, the Group's main sales areas, have been trending below the previous year since January 2022.」
Housing starts in the Group's main housing areas, which had shown signs of recovery in the previous fiscal year, have been trending below the previous year since January 2022. - FY2022-Q3MitigatedAnnual report
「In the housing industry, starts of owner-occupied and for-sale detached homes, the Group's main sales areas, have been trending toward recovery since April. In particular, since August, monthly starts have recovered to levels above those of the fiscal year before the previous fiscal year, before the COVID-19 pandemic.」
The company explains that housing starts in its main sales areas recovered from April and, since August, exceeded the levels of the fiscal year before the previous fiscal year, before the COVID-19 pandemic, on a monthly basis. - FY2022-Q2RestatedAnnual report
「In the housing industry, starts of owner-occupied and for-sale detached homes, the Group's main sales areas, have been trending toward recovery from the previous fiscal year, but have still not recovered to pre-pandemic levels.」
The company continues to recognize that starts in its main housing areas are recovering from the previous fiscal year but have not yet returned to pre-pandemic levels. - FY2022-Q1MitigatedAnnual report
「In the housing industry, starts of owner-occupied and for-sale detached homes, the Group's main sales areas, have been recovering from the previous fiscal year as economic activity recovers.」
The company explains that housing starts in its main sales areas, which had declined during the COVID-19 pandemic, have been recovering from the previous fiscal year as economic activity recovers. - FY2021-Q3WorsenedAnnual report
「In the housing industry, new housing starts declined due in part to the spread of COVID-19, and starts of owner-occupied and for-sale detached homes, the Group's main sales areas, also declined from the previous year. Orders received by housing companies had been recovering since around August 2020, but the spread of infections believed to represent a third wave since November has made the extent of the future downturn in the domestic housing market and the timing of further recovery uncertain.」
As the decline in new housing starts continues, the third wave since November has increased uncertainty over the downturn in the domestic housing market and the timing of recovery. - FY2021-Q2RestatedAnnual report
「In the housing industry, new housing starts declined due in part to the spread of COVID-19, and starts of owner-occupied and for-sale detached homes, the Group's main sales areas, also declined from the previous year. Orders received by housing companies have been recovering since August, but the extent of the future downturn in the domestic housing market and the timing of further recovery remain uncertain.」
While the decline in new housing starts and starts in the main fields continues, orders received by housing companies have shown a recovery trend since August, and the future downturn and timing of recovery remain uncertain. - FY2021-Q1WorsenedAnnual report
「In the housing industry, new housing starts declined partly due to the spread of COVID-19, and starts of owner-occupied and for-sale detached homes, the Group's main sales areas, also declined from the previous year. The extent of the downturn in the domestic housing market and the timing of its recovery remain uncertain.」
Due to the impact of COVID-19, new housing starts in the main fields declined year on year, newly indicating a downturn in the domestic housing market and uncertainty over the timing of recovery. - FY2020-Q3MaterialisedAnnual report
「New housing starts in owner-occupied and for-sale detached homes, the Group's main sales areas, increased year on year in the first half, partly due to rush demand ahead of the consumption tax increase, but declined year on year in the third quarter after the tax increase.」
In the third quarter after the consumption tax increase, new housing starts in the main fields trended below the previous year, and the risk of declining housing demand was reflected in actual conditions. - FY2020-Q2MitigatedAnnual report
「New housing starts in owner-occupied and for-sale detached homes, the Group's main sales areas, increased from the previous year in the first half.」
The company explains that new housing starts in its main sales areas increased year on year in the first half, temporarily easing the near-term risk of a decline. - FY2020-Q1MitigatedAnnual report
「New housing starts in owner-occupied and for-sale detached homes, the Group's main sales areas, increased from the previous year.」
The company explains that new housing starts in owner-occupied and for-sale detached homes, its main fields, increased year on year. It continues to recognize the prospect of medium- to long-term market contraction. - FY2019MitigatedAnnual report
「In the housing industry, new housing starts, which had been trending below the previous year in the first half, increased moderately in the second half. (Fiscal 2018 new housing starts: 952 thousand units, up 0.7% year on year; fiscal 2018 starts of detached houses, the Group's main field, comprising owner-occupied and for-sale detached homes: 432 thousand units, up 3.0% year on year.)」
New housing starts changed from a decline in the first half to a moderate increase in the second half, totaling 952 thousand units in fiscal 2018, up 0.7% year on year. The company continues to recognize the prospect of medium- to long-term market contraction. - FY2019-Q3MitigatedAnnual report
「In the housing industry, new housing starts, which had been trending below the previous year in the first half, increased moderately in the third quarter.」
The company explains that new housing starts changed from a declining trend in the first half to a moderate increase in the third quarter. - FY2019-Q2RestatedAnnual report
「In the housing industry, new housing starts, which had continued to trend below the previous year from around summer 2017, also declined slightly in the first half.」
The company explains that the decline in new housing starts continued into the first half. - FY2019-Q1MaterialisedAnnual report
「Although lower mortgage rates resulting from the negative interest rate policy had a positive effect, new housing starts, which had continued to decline year on year from around summer 2017, also fell slightly in the first quarter, while the shortage of skilled workers became more serious.」
The decline in new housing starts continued into the first quarter and was reflected as one factor behind lower sales and the operating loss in the housing building materials and equipment business. - FY2018MaterialisedAnnual report
「New housing starts continued to trend below the previous year from around summer 2017, totaling 946 thousand units in fiscal 2017, or 97.2% of the previous year's level, a decrease of 28 thousand units year on year.」
New housing starts declined, totaling 946 thousand units in fiscal 2017, or 97.2% of the previous year's level. - FY2018-Q3MaterialisedAnnual report
「In the housing industry, new housing starts declined continuously year on year from around summer 2017, although they were supported by the effect of lower mortgage rates following the introduction of negative interest rates.」
New housing starts actually began a continuous year-on-year decline around summer 2017, and this was also cited as a factor behind the decrease in domestic sales. - FY2018-Q1RestatedAnnual report
「However, with population and household numbers expected to decline over the medium to long term, we believe that the pace of decline may ease somewhat going forward.」
While new housing starts remain firm for the time being, the company continues to recognize the possibility of a slowdown due to medium- to long-term declines in population and household numbers. - FY2016First statedAnnual report
「Our Group's principal business is the manufacture and sale of housing building materials and housing equipment. Domestic sales may be affected by trends in new housing starts, but we are working to mitigate this impact by focusing on developing new customers, including by cultivating the renovation and used-home resale markets and increasing sales overseas.」
The company recognizes a future decline in domestic housing demand resulting from the declining birth rate as a major factor affecting performance.