Contraction of the detached-housing market due to the declining birthrate, population aging and population decline
First written in FY2016. 16 of 36 entries say "Worsened", first in FY2018-Q2. Latest entry: 2026-11-10.
Nichiha 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 2020: 14 of 20 companies on the "Worse" side.
4 other companies' latest entry also says "Other".
- FY2026Housing starts declined less sharply, but market contraction continuedAnnual report
「New housing starts in fiscal 2025 declined 12.9% from the previous fiscal year. However, industry-wide domestic sales volume of fiber-cement siding during the consolidated fiscal year declined only 2.8% from the previous fiscal year, based on a measure including 12 mm-thick products outside the scope of JIS standards, partly because actual construction under the applications submitted during the pre-amendment surge took place from April onward.」
Housing starts declined 12.9% from the previous fiscal year due to the reversal of the surge in applications ahead of the amendments to the laws. Although the decline in siding sales volume was limited to 2.8%, contraction of Japan's domestic housing market itself is continuing. - FY2026-H1WorsenedAnnual report
「Following the reversal of the surge in applications submitted in February and March ahead of amendments to the Building Standards Act and the Building Energy Efficiency Act, new housing starts during the six months ended September declined 17.4% year on year. However, industry-wide domestic sales volume of fiber-cement siding declined only 2.0% year on year, partly because of the lag relative to housing starts.」
Domestic new housing starts declined 17.4% year on year due to the reversal of the surge in applications ahead of the amendments to the laws. Domestic sales volume of fiber-cement siding also declined 2.0%. - FY2025-H1WorsenedAnnual report
「In Japan's domestic housing market, the main market for our products, new housing starts during the six months ended September totaled 412 thousand units, down 0.7% year on year. Detached housing, which has particularly strong ties to our business, fell 7.5% year on year. Accordingly, industry-wide domestic sales volume of fiber-cement siding during the same period declined 8.8% year on year, based on a measure including 12 mm-thick products outside the scope of JIS standards.」
The contraction of Japan's domestic housing market continued, with new housing starts totaling 412 thousand units, down 0.7% year on year, detached housing declining 7.5%, and domestic sales volume of fiber-cement siding falling 8.8%. - FY2024WorsenedAnnual report
「In Japan's domestic housing market, the main market for our products, new housing starts in fiscal 2023 totaled 800 thousand units, down 7.0% from the previous fiscal year, mainly because detached housing declined. In addition, the higher proportion of single-story homes contributed to a 7.9% decline in industry-wide domestic sales volume of fiber-cement siding, based on a measure including 12 mm-thick products outside the scope of JIS standards.」
The risk of contraction in Japan's domestic housing market materialized, with new housing starts in fiscal 2023 totaling 800 thousand units, down 7.0% from the previous fiscal year, and siding sales volume declining 7.9%. - FY2024-Q3RestatedAnnual report
「In Japan's domestic housing market, the main market for our products, new housing starts totaled 617 thousand units during the cumulative third quarter of the fiscal year, down 6.3% year on year, mainly because detached housing declined. Accordingly, industry-wide domestic sales volume of fiber-cement siding during the cumulative third quarter, covering nine months, declined 6.4% year on year, based on a measure including 12 mm-thick products outside the scope of JIS standards.」
The contraction of Japan's domestic housing market continued, with new housing starts totaling 617 thousand units, down 6.3% year on year, and domestic sales volume of fiber-cement siding declining 6.4%. - FY2024-Q2WorsenedAnnual report
「In Japan's domestic housing market, the main market for our products, new housing starts during the cumulative second quarter of the fiscal year totaled 415 thousand units, down 6.2% year on year, mainly because detached housing declined due to rising housing prices and other factors. Accordingly, industry-wide domestic sales volume of fiber-cement siding during the cumulative second quarter declined 7.1% year on year, based on a measure including 12 mm-thick products outside the scope of JIS standards.」
Domestic new housing starts declined 6.2% year on year, while domestic sales volume of fiber-cement siding fell 7.1%. The degree of market contraction worsened from the previous quarter, when housing starts declined 4.7% and siding sales volume fell 6.3%. - FY2024-Q1WorsenedAnnual report
「In Japan's domestic housing market, the main market for our products, new housing starts declined 4.7% year on year during the cumulative first quarter of the fiscal year, mainly because detached housing declined due to rising housing prices and other factors. Accordingly, industry-wide domestic sales volume of fiber-cement siding declined 6.3% year on year in the first quarter, April to June, based on a measure including 12 mm-thick products outside the scope of JIS standards.」
Domestic new housing starts declined 4.7% year on year, and the detached housing market continued to contract. Accordingly, domestic sales volume of fiber-cement siding also declined 6.3%. - FY2023RestatedAnnual report
「In Japan's domestic housing market, the main market for our products, new housing starts in fiscal 2022 totaled 861 thousand units, down 0.6% from the previous fiscal year, mainly because detached housing declined due to rising housing prices and other factors.」
The risk of contraction in Japan's domestic housing market continues, with new housing starts totaling 861 thousand units in fiscal 2022, down 0.6% from the previous fiscal year. - FY2023-Q3WorsenedAnnual report
「In Japan's domestic housing market, the main market for our products, new housing starts during the nine months ended December totaled 659 thousand units, down 1.0% year on year, mainly because custom-built housing declined due to rising housing prices and other factors. Detached housing, which has particularly strong ties to our business, fell 7.7% year on year. Meanwhile, industry-wide domestic sales volume of fiber-cement siding increased only 0.2% year on year over the nine-month period, based on a measure including 12 mm-thick products outside the scope of JIS standards, due to the lag relative to housing starts and the recovery of construction delays caused by material shortages in the previous period. However, the impact of the decline in housing starts has gradually spread in recent months, and sales volume declined 3.7% year on year in the third quarter alone, covering three months.」
Domestic new housing starts declined 1.0% year on year, while detached housing starts fell 7.7%, indicating a decline exceeding that of the previous quarter. Sales volume of fiber-cement siding increased only 0.2% over the nine-month period and turned to a 3.7% decline over the three months of the third quarter. - FY2023-Q2The decline in housing starts narrowed, while siding sales continued to increaseAnnual report
「New housing starts during the cumulative second quarter of the fiscal year totaled 443 thousand units, down 0.7% year on year, mainly because custom-built housing declined due to rising housing prices and other factors. However, industry-wide domestic sales volume of fiber-cement siding increased 2.3% year on year, based on a measure including 12 mm-thick products outside the scope of JIS standards, due to the lag relative to housing starts and the recovery of construction delays caused by material shortages in the previous period.」
Housing starts declined 0.7% year on year, but the decline narrowed from the 1.3% decrease in the previous quarter. Domestic sales volume of fiber-cement siding increased 2.3% as construction delays caused by material shortages in the previous period were recovered. - FY2023-Q1Housing starts declined, while siding sales increasedAnnual report
「Domestic new housing starts turned negative year on year in May 2022, declining 1.3% year on year during the cumulative first quarter of the fiscal year. Meanwhile, industry-wide domestic sales volume of fiber-cement siding increased 2.4% year on year, based on a measure including 12 mm-thick products outside the scope of JIS standards, as construction delays caused by material shortages in the previous period were gradually being recovered, in addition to the lag relative to housing starts.」
Domestic new housing starts declined 1.3% year on year, while industry-wide domestic sales volume of fiber-cement siding increased 2.4% as construction delays caused by material shortages in the previous period were recovered. - FY2022-Q3Housing starts and detached housing increased, but exterior wall-material sales growth slowed due to the lumber shockAnnual report
「In the housing industry, domestic new housing starts continued to trend upward as demand recovered, reaching 665 thousand units in the nine months ended December, up 7.1% year on year. Detached housing, which has particularly strong ties to the Group's business, also increased 11.4% year on year. Meanwhile, industry-wide domestic sales volume of fiber-cement siding, the Group's core product, increased only 1.9% year on year during the same period, based on a measure including 12 mm-thick products outside the scope of JIS standards, due to the lag relative to housing starts and the impact of construction delays caused by the wood shock, among other factors.」
Domestic new housing starts increased 7.1% year on year and detached housing starts increased 11.4%, while domestic sales volume of fiber-cement siding increased only 1.9% due to construction delays caused by the wood shock and other factors. - FY2022-Q2Housing starts and detached housing increased, but exterior wall-material sales growth slowed due to the lumber shockAnnual report
「Domestic new housing starts continued to increase as demand recovered, totaling 446 thousand units during the six-month period, up 7.6% year on year. Detached-housing starts, which have a particularly strong relationship with the Group's business, also increased 12.8%. Meanwhile, industry-wide domestic sales volumes of the Group's main product, fiber-cement exterior wall materials, during the six-month period increased only 1.3% year on year due to the time lag from housing starts and the impact of construction delays caused by the lumber shock, among other factors. The comparison is based on the standard including 12 mm-thick products outside the scope of JIS standards.」
Housing starts and detached-housing starts continued to increase, but the increase in domestic sales volumes of fiber-cement exterior wall materials was limited to 1.3% due to construction delays caused by the lumber shock and other factors. - FY2022-Q1Housing starts recovered, but exterior wall-material sales volumes declined due to the lumber shockAnnual report
「New housing starts turned positive year on year in March 2021 and increased 8.1% year on year during the first-quarter cumulative period. Meanwhile, industry-wide domestic sales volumes of the Group's main product, fiber-cement exterior wall materials, declined 1.3% year on year due to the time lag from housing starts and the impact of the lumber shock. The comparison is based on the standard including 12 mm-thick products outside the scope of JIS standards.」
Housing starts increased 8.1% year on year, while domestic sales volumes of fiber-cement exterior wall materials declined 1.3% due to the time lag from housing starts and the impact of the lumber shock. - FY2021WorsenedAnnual report
「New housing starts continued to decline from the previous fiscal year due to the consumption tax increase, and were heavily affected by the COVID-19 pandemic in the first half, but the decline narrowed in the second half. For the full fiscal year, new housing starts totaled 812 thousand units, down 8.1% from the previous fiscal year. Accordingly, industry-wide domestic sales volumes of the Group's main product, fiber-cement exterior wall materials, declined 9.7% in fiscal 2020.」
In FY2021, new housing starts totaled 812 thousand units, down 8.1% from the previous fiscal year, while domestic sales volumes of fiber-cement exterior wall materials also declined 9.7%. - FY2021-Q3WorsenedAnnual report
「In the housing industry, new housing starts continued to decline from the previous fiscal year due to the consumption tax increase, and the impact of the COVID-19 pandemic further intensified the decline. During the nine-month period, new housing starts totaled 621 thousand units, down 9.9% year on year, while detached-housing starts, which have a particularly strong relationship with the Group's business, declined 11.3%. Accordingly, industry-wide domestic sales volumes of the Group's main product, fiber-cement exterior wall materials, during the nine-month period declined 10.2% year on year. The comparison is based on the standard including 12 mm-thick products outside the scope of JIS standards.」
Detached-housing starts, which had increased during the six-month period, turned to an 11.3% year-on-year decline during the nine-month period, while domestic sales volumes of exterior wall materials declined 10.2%. - FY2021-Q2WorsenedAnnual report
「In the housing industry, new housing starts continued to decline from the previous fiscal year due to the consumption tax increase, and the impact of the COVID-19 pandemic further intensified the decline. During the six-month period, new housing starts totaled 414 thousand units, down 11.3% year on year, while detached-housing starts, which have a particularly strong relationship with the Group's business, declined 14.4%. Accordingly, industry-wide domestic sales volumes of the Group's main product, fiber-cement exterior wall materials, during the six-month period declined 11.7% year on year. The comparison is based on the standard including 12 mm-thick products outside the scope of JIS standards.」
The impact of the COVID-19 pandemic was added to existing pressures, with detached-housing starts declining 14.4% year on year and domestic sales volumes of fiber-cement exterior wall materials declining 11.7%. - FY2021-Q1WorsenedAnnual report
「In the housing industry, new housing starts had continued to decline from the previous fiscal year due to the consumption tax increase, and the impact of the COVID-19 pandemic further intensified the decline, resulting in a substantial year-on-year decrease of more than 12% during the first-quarter cumulative period. Detached-housing starts, which have a particularly strong relationship with the Group's business, followed the same trend, and difficult conditions continued. Accordingly, industry-wide domestic sales volumes of the Group's main product, fiber-cement exterior wall materials, in the first quarter declined 8.3% year on year. The comparison is based on the standard including 12 mm-thick products outside the scope of JIS standards.」
The COVID-19 pandemic further accelerated the decline in housing starts, with new housing starts falling more than 12% year on year and domestic sales volumes of fiber-cement exterior wall materials declining 8.3%. - FY2020WorsenedAnnual report
「In the housing industry, the sharp decline in rental housing starts continued. In fiscal 2019, total new housing starts were 884 thousand units, down 7.3% from the previous fiscal year, while detached-housing starts, which have a particularly strong relationship with the Group's business, declined 0.8% as the downward trend became pronounced in the second half.」
In addition to the medium- to long-term population decline risk, overall housing starts declined 7.3% and detached-housing starts declined 0.8% in fiscal 2019, confirming a deterioration in the market. - FY2020-Q3Overall housing starts declined, but detached-housing starts continued to increaseAnnual report
「In the housing industry, the sharp decline in rental housing starts continued, and total new housing starts during the nine-month period declined 6.5% year on year. However, detached-housing starts, which have a particularly strong relationship with the Group's business, increased 1.0%. Against this backdrop, industry-wide domestic sales volumes of the Group's main product, fiber-cement exterior wall materials, during the nine-month period declined 0.6% year on year, largely due to the decline in sales for rental housing. The comparison is based on the standard including 12 mm-thick products outside the scope of JIS standards.」
Total new housing starts declined 6.5% year on year and domestic sales volumes of fiber-cement exterior wall materials also declined 0.6%, while detached-housing starts continued to increase, rising 1.0%. The sharp decline in rental housing starts weighed on the overall market and exterior wall-material sales volumes. - FY2020-Q2Both detached-housing starts and exterior wall-material sales volumes increasedAnnual report
「In the housing industry, the decline in rental housing starts continued, and total new housing starts during the six-month period declined 5.0% year on year to 467 thousand units. However, detached-housing starts, which have a particularly strong relationship with the Group's business, increased 4.3%. Accordingly, industry-wide domestic sales volumes of the Group's main product, fiber-cement exterior wall materials, during the six-month period increased 2.1% year on year. The comparison is based on the standard including 12 mm-thick products outside the scope of JIS standards.」
While total new housing starts, including rental housing, declined 5.0%, detached-housing starts increased 4.3%, and industry-wide domestic sales volumes of fiber-cement exterior wall materials also increased 2.1%. - FY2020-Q1Detached housing remained firm, but exterior wall-material sales volumes declinedAnnual report
「In the housing industry, although rental housing starts continued to decline, detached housing, particularly owner-occupied homes, remained firm. Meanwhile, industry-wide domestic sales volumes of the Group's main product, fiber-cement exterior wall materials, in the first quarter declined 0.4% year on year due to the decline in rental housing and the several-month lag from detached-housing starts. The comparison is based on the standard including 12 mm-thick products outside the scope of JIS standards.」
Detached housing remained firm, while domestic sales volumes of fiber-cement exterior wall materials declined 0.4% year on year due to lower sales for rental housing and the time lag from housing starts. - FY2019Continued growth in detached-housing starts and the market recovery trendAnnual report
「In fiscal 2018, total new housing starts were 953 thousand units, up 0.7% from the previous fiscal year, while detached-housing starts, which have a particularly strong relationship with the Group's business, increased 2.8%. The market remained on a recovery trend.」
While the medium- to long-term risk of market contraction due to the declining birthrate, population aging and population decline continued, overall housing starts increased 0.7% and detached-housing starts increased 2.8% in FY2019, and the market was described as being on a recovery trend. - FY2019-Q3Accelerating growth in detached-housing starts and a recovering market trendAnnual report
「In the housing industry, the decline in rental housing starts continued, and total new housing starts during the nine-month period declined 0.5% year on year. However, detached-housing starts, which have a particularly strong relationship with the Group's business, increased 1.5%, and the market remained on a recovery trend. Meanwhile, industry-wide domestic sales volumes of the Group's main product, fiber-cement exterior wall materials, increased 0.9% year on year in the latest three-month period from October to December 2018, indicating a recovery trend, but declined 2.3% during the nine-month period due to the several-month lag from detached-housing starts and the impact of natural disasters in the summer. The comparison is based on the former standard including 12 mm-thick products that have been outside the scope of JIS standards since fiscal 2009 following the revision of the JIS standards.」
Detached-housing starts increased 1.5% year on year and the market remained on a recovery trend. Domestic sales volumes of fiber-cement exterior wall materials declined 2.3% cumulatively, but turned to a 0.9% increase in the latest three months. - FY2019-Q2Detached-housing starts turned upward, but exterior wall-material sales volumes fell 4.0%Annual report
「In the housing industry, the decline in rental housing starts continued, and total new housing starts during the six-month period ended September 30 totaled 491 thousand units, down 1.1% year on year. However, detached-housing starts, which have a particularly strong relationship with the Group's business, increased 0.3%, and the market was on a recovery trend. Meanwhile, industry-wide domestic sales volumes of the Group's main product, fiber-cement exterior wall materials, during the six-month period declined 4.0% year on year. In addition to the lag of several months from detached-housing starts, the decline in housing starts since the fourth quarter of the previous year and construction delays caused by heavy rain, earthquakes, typhoons and other natural disasters had an impact. The comparison is based on the former standard including 12 mm-thick products that have been outside the scope of JIS standards since fiscal 2009 following the revision of the JIS standards.」
Detached-housing starts increased 0.3% year on year and the market was said to be recovering, while domestic sales volumes of exterior wall materials declined 4.0% due to the time lag from housing starts and construction delays caused by natural disasters. - FY2019-Q1Housing starts were recovering, but exterior wall-material sales volumes declinedAnnual report
「In the housing industry, although new housing starts had remained weak since the second half of the previous year, they began to recover in the first quarter, led by for-sale housing. Meanwhile, because sales of the Group's main product, fiber-cement exterior wall materials, lag housing starts by several months, industry-wide domestic sales volumes in the first quarter declined 2.3% year on year, based on the former standard including 12 mm-thick products that have been outside the scope of JIS standards since fiscal 2009 following the revision of the JIS standards.」
While housing starts were said to be recovering in the first quarter, industry-wide domestic sales volumes of fiber-cement exterior wall materials declined 2.3% year on year. - FY2018RestatedAnnual report
「In fiscal 2017, total new housing starts were 946 thousand units, down 2.8% from the previous fiscal year, while detached-housing starts, which have a particularly strong relationship with the Group's business, declined 1.7%. The market remained weak.」
In fiscal 2017, new housing starts declined 2.8% overall and 1.7% for detached housing, and the housing market remained weak. - FY2018-Q3RestatedAnnual report
「In the housing industry, new housing starts, particularly rental housing, began to decline from the second quarter. During the nine-month period, new housing starts declined 1.3% year on year, while detached-housing starts, which have a particularly strong relationship with the Group's business, declined 1.4%. The market remained somewhat weak.」
Detached-housing starts declined 1.4% year on year, and the market remained somewhat weak. - FY2018-Q2WorsenedAnnual report
「In the housing industry, new housing starts, particularly rental housing, began to decline from the second quarter. During the six-month period ended September 30, new housing starts totaled 497 thousand units, down 0.7% year on year, while detached-housing starts, which have a particularly strong relationship with the Group's business, declined 1.6%. The market remained somewhat weak.」
Detached-housing starts declined 1.6% year on year, and the market remained somewhat weak. - FY2017RestatedAnnual report
「Over the medium to long term, new housing starts are inevitably expected to decline due to structural factors such as Japan's declining birthrate, population aging and population decline.」
The company continues to recognize the medium- to long-term contraction of the detached-housing market due to the declining birthrate, population aging and population decline as a structural risk. - FY2016First statedAnnual report
「Over the medium to long term, new housing starts are inevitably expected to decline due to structural factors such as Japan's declining birthrate, population aging and population decline.」
The company recognizes the medium- to long-term contraction of the detached-housing market as a structural risk.