Decline in New Housing Starts, Owner-Occupied Housing Starts, and Renovation Demand
First written in FY2016. 21 of 34 entries say "Materialised", first in FY2017-Q3. Latest entry: 2026-07-30.
Takara Standard moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2024: 8 of 11 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2026-H1MaterialisedAnnual report
「In the housing market, new housing starts declined year on year for both detached homes and condominiums, due to the reversal of rush demand ahead of the April 2025 revisions to the Building Standards Act and other legislation and soaring condominium prices. Remodeling demand also remained lacking in strength.」
The number of new detached houses and condominiums started declined from the previous year due to the backlash from rush demand ahead of amendments to the Building Standards Act and other legislation, as well as soaring condominium prices, while demand for renovations also remained weak. - FY2025-H1MaterialisedAnnual report
「In the housing market, new housing starts declined as new condominium starts in urban areas trended upward but new detached-home starts continued to decline. Remodeling demand also remained weak.」
Declines in new detached-home starts and weak remodeling demand were identified as part of the business environment during the current interim consolidated accounting period, indicating that the risk of declining housing demand has materialized. For-sale condominiums, meanwhile, were described as trending upward, particularly in urban areas. - FY2024MaterialisedAnnual report
「In the housing market, new housing starts fell below the previous year’s level due to declines in owner-occupied and for-sale housing, while remodeling demand remained firm.」
New housing starts continued to fall below the previous year’s level, while remodeling demand remained firm. - FY2024-Q3MaterialisedAnnual report
「In the housing market, new housing starts fell below the previous year’s level due to declines in owner-occupied and for-sale housing, while remodeling demand remained firm.」
New housing starts fell below the previous year’s level due to declines in owner-occupied and for-sale housing, while remodeling demand remained firm. - FY2024-Q2MaterialisedAnnual report
「In the housing market, new housing starts fell below the previous year’s level due to declines in owner-occupied and for-sale housing, while remodeling demand remained firm.」
New housing starts fell below the previous year’s level due to declines in owner-occupied and for-sale housing, while remodeling demand remained firm. - FY2024-Q1MaterialisedAnnual report
「In the housing market, new housing starts fell below the previous year’s level due to declines in owner-occupied and for-sale housing, while remodeling demand remained firm.」
New housing starts continued to fall below the previous year’s level, while remodeling demand remained firm. - FY2023-Q3RestatedAnnual report
「In the housing market, housing starts and remodeling demand remained firm despite the effects of higher material prices and supply shortages.」
Despite the effects of higher material prices and supply shortages, housing starts and remodeling demand remained firm, and the limited materialization of the risk of declining demand continued. - FY2023-Q2RestatedAnnual report
「In the housing market, housing starts and remodeling demand remained firm despite the effects of higher material prices and supply shortages.」
Despite the effects of higher material prices and supply shortages, housing starts and remodeling demand remained firm, and the limited materialization of the risk of declining demand continued. - FY2023-Q1MitigatedAnnual report
「In the housing market, housing starts and remodeling demand remained firm despite the effects of higher material prices and concerns about supply.」
Despite higher material prices and concerns about supply, housing starts and remodeling demand remained firm, indicating that the materialization of the risk of declining demand has weakened. - FY2022RestatedAnnual report
「Remodeling demand remained above the previous year’s level, and housing starts were also recovering, but the outlook is uncertain because of the recent sharp rise in material prices and concerns about supply.」
The Group describes remodeling demand and housing starts as being on a recovery trend, while stating that the outlook remains uncertain due to higher material prices and concerns about supply. - FY2022-Q3RestatedAnnual report
「In the housing market, remodeling demand remained above the previous year’s level, helped by growing remodeling needs accompanying the adoption of new lifestyles, while housing starts were on a recovery trend from the decline seen the previous year, despite the effects of concerns about material supplies and higher prices.」
Remodeling demand was above the previous year’s level, and housing starts were on a recovery trend from the decline seen the previous year. The risk of declining demand continued to show limited materialization. - FY2022-Q2RestatedAnnual report
「In the housing market, remodeling demand remained above the previous year’s level, helped by growing remodeling needs accompanying the adoption of new lifestyles, while housing starts were also on a recovery trend from the decline seen the previous year.」
Housing starts and remodeling demand were above the previous year’s levels or on a recovery trend, indicating, as in the previous quarter, that the materialization of the risk of declining demand had weakened. - FY2022-Q1MitigatedAnnual report
「In the housing market, housing starts and remodeling demand remained above the previous year’s levels, driven by a rebound from the decline caused by the suspension of construction work following the spread of infection the previous year and growing remodeling needs accompanying the adoption of new lifestyles.」
Against the decline in housing starts and remodeling demand that had materialized through the previous year, the quarter saw levels above the previous year, driven by a rebound from the suspension of construction work and expanding needs associated with new lifestyles. - FY2021-Q3MaterialisedAnnual report
「In the housing market, housing starts and remodeling demand remained below the previous year’s level because the spread of the infection worsened employment and income conditions and weakened consumer sentiment.」
The business environment in the third quarter specifically notes that housing starts and remodeling demand fell below the previous year’s levels due to deteriorating employment and income conditions and weak consumer sentiment associated with the infectious disease. - FY2021-Q2MaterialisedAnnual report
「In the housing market, housing starts and remodeling demand remained well below the previous year’s levels due to the suspension of construction work and restraint of sales activities following the spread of infection, as well as weak consumer sentiment resulting from deteriorating employment and income conditions.」
Housing starts and remodeling demand continued to fall below the previous year’s levels due to the suspension of construction work, restraint of business activities and weak consumer sentiment caused by the infectious disease. - FY2021-Q1MaterialisedAnnual report
「In the housing market, housing starts and remodeling demand remained well below the previous year’s levels, due to the suspension of construction work nationwide following the state of emergency and requests for people to refrain from going out to prevent the spread of infection.」
The business environment specifically notes that housing starts and remodeling demand fell below the previous year’s levels due to the suspension of construction work and restrictions on going out related to COVID-19. - FY2020-Q3MaterialisedAnnual report
「In the housing market, new housing starts fell below the previous year’s level, while remodeling demand remained on a recovery trend, helped in part by government remodeling support programs and rush demand ahead of the consumption tax increase.」
New housing starts below the previous year’s level were specifically identified as part of the business environment, indicating that part of the risk of declining demand has materialized. Remodeling demand, meanwhile, is described as being on a recovery trend. - FY2020-Q2MaterialisedAnnual report
「Although new housing starts fell below the previous year in the housing market, remodeling demand remained on a recovery trend, supported by government housing acquisition incentives and low mortgage rates.」
New housing starts below the previous year’s level were specifically identified as part of the business environment, indicating that part of the risk of declining demand has materialized. Remodeling demand, meanwhile, is described as being on a recovery trend. - FY2020-Q1MaterialisedAnnual report
「Although new housing starts fell below the previous year in the housing market, remodeling demand remained on a recovery trend, supported by government housing acquisition incentives and low mortgage rates.」
New housing starts below the previous year’s level were specifically identified as part of the business environment, indicating that part of the risk of declining demand has materialized. Remodeling demand, meanwhile, is described as being on a recovery trend. - FY2019MaterialisedAnnual report
「In the housing market, housing starts and remodeling demand remained lackluster despite continued government measures supporting home purchases and low mortgage rates.」
Weak housing starts and remodeling demand were specifically identified as part of the business environment for the period, indicating that the risk of declining demand has materialized. - FY2019-Q3MaterialisedAnnual report
「In the housing market, housing starts and remodeling demand remained lackluster despite continued government measures supporting home purchases and low mortgage rates.」
Weak housing starts and remodeling demand continued to be identified as part of the business environment for the nine months ended the third quarter, indicating that the risk of declining demand has materialized. - FY2019-Q2MaterialisedAnnual report
「In the housing market, housing starts and remodeling demand remained lackluster despite continued government measures supporting home purchases and low mortgage rates.」
Weak housing starts and remodeling demand continued to be identified as part of the business environment in the second quarter, indicating that the risk of declining demand has materialized. - FY2019-Q1MaterialisedAnnual report
「In the housing market, new housing starts remained roughly at the previous year’s level, helped by government measures supporting home purchases and other factors, while remodeling demand remained lackluster.」
New housing starts remained roughly at the previous year’s level, while weak remodeling demand continued to be reflected in the business environment. - FY2018MaterialisedAnnual report
「In the housing market, new housing starts remained roughly at the previous year’s level, helped by government measures supporting home purchases and other factors, while remodeling demand remained lackluster.」
New housing starts remained roughly at the previous year’s level, while weak remodeling demand was specifically identified as part of the business environment for the period. - FY2018-Q3MaterialisedAnnual report
「In the housing market, housing starts and remodeling demand remained lackluster despite continued government measures supporting home purchases and low mortgage rates.」
Weak housing starts and remodeling demand continued to be identified as part of the business environment in the third quarter, indicating that the risk of declining demand has materialized. - FY2018-Q2MaterialisedAnnual report
「In the housing market, housing starts and remodeling demand remained lackluster despite continued government measures supporting home purchases and low mortgage rates.」
Weak housing starts and remodeling demand were specifically identified as part of the business environment in the second quarter, indicating that the risk of declining demand continues to materialize. - FY2017RestatedAnnual report
「A significant decline in new housing starts, owner-occupied housing starts or remodeling demand could affect the Group’s business performance.」
The Group continues to disclose the risk of declining new and owner-occupied housing starts and remodeling demand. The text also notes that remodeling demand remains lackluster, indicating that the risk continues to materialize. - FY2017-Q3MaterialisedAnnual report
「In the housing market, new housing starts exceeded the previous year’s level, helped by lower mortgage rates and the effects of government measures supporting home purchases. Remodeling demand, however, remained lackluster.」
Weak remodeling demand was specifically identified as part of the business environment during the quarter, indicating that the existing risk of declining demand has materialized. - FY2017-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Group states that there have been no significant changes to the risk of declining new housing starts, owner-occupied housing starts and remodeling demand. - FY2017-Q1RestatedAnnual report
「During the three-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Group states that there have been no significant changes to the risk of declining new housing starts, owner-occupied housing starts and remodeling demand. - FY2016First statedAnnual report
「A significant decline in new housing starts, owner-occupied housing starts or remodeling demand could affect the Group’s business performance.」
The Group identifies a significant decline in housing starts and remodeling demand as factors that could affect business performance.