Risk of a Post-Consumption-Tax-Increase Pullback in Housing Demand
First written in FY2020-Q1. 1 of 3 entries say "Restated". Latest entry: FY2020-Q3.
Wood One moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 4 of 7 companies on the "Worse" side.
32 other companies' latest entry also says "Materialised".
- 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, a declining trend in new housing starts actually emerged, bringing the risk of a pullback to the surface. - FY2020-Q2RestatedAnnual report
「Amid concerns about the impact of the consumption tax increase from October 2019 on personal consumption, the government's various measures are expected to prevent a major rush in demand for new housing starts, while also limiting the subsequent pullback.」
While expressing concern about the pullback in housing demand after the consumption tax increase, the company has maintained its outlook that both the rush in demand before the increase and the subsequent pullback will be limited. - FY2020-Q1First statedAnnual report
「Although the consumption tax increase scheduled for October 2019 is an additional factor, the government's various measures are expected to limit both the large rush in demand before the tax increase and the subsequent pullback to levels below those seen in the past.」
The potential rush in housing demand and subsequent pullback associated with the consumption tax increase scheduled for October 2019 were identified as issues, while the outlook indicated that any pullback would be limited.