Downward trend in residential investment
First written in FY2020-Q2. 3 of 5 entries say "Worsened", first in FY2020. Latest entry: FY2023.
The Yamagata Bank moved to the "Worse" side of this theme in 2022, 2 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 36 of 51 companies on the "Worse" side.
20 other companies' latest entry also says "Worsened".
- FY2023WorsenedAnnual report
「Residential investment also remained at a low level as rising construction prices and other factors dampened demand for home purchases.」
Residential investment remained at a low level, compared with the gradual recovery in the previous fiscal year, against a backdrop of rising construction prices and other factors. - FY2023-Q2WorsenedAnnual report
「Meanwhile, residential investment declined as higher material prices and other factors weakened demand for home purchases. Personal consumption also remained broadly flat, failing to achieve a strong recovery despite continued easing of restrictions on activities, against a backdrop of renewed infections and rising prices.」
Residential investment, which had been described as gradually recovering in the previous fiscal year, declined as higher material prices weakened demand for home purchases. - FY2022-Q2MitigatedAnnual report
「Personal consumption and residential investment maintained a gradual recovery from the declines recorded in the previous fiscal year.」
The view of residential investment has shifted from a decline in the previous fiscal year to a gradual recovery that is being maintained. - FY2020WorsenedAnnual report
「Personal consumption, which had remained firm amid continued improvements in employment and income conditions, weakened somewhat in the second half of the fiscal year due in part to the consumption tax hike and damage caused by Typhoon Hagibis, particularly in eastern Japan, while residential investment also trended downward.」
The downward trend in residential investment continued, while the economic environment was further affected by the consumption tax hike, natural disasters and the impact of COVID-19 at the end of the fiscal year. - FY2020-Q2First statedAnnual report
「Residential investment declined as housing starts for rental properties continued to decrease amid concerns about excess supply, while owner-occupied housing also entered a downward trend after the rush in construction ahead of the consumption-tax increase subsided at the end of the previous fiscal year.」
Residential investment is identified as being on a downward trend because rental housing starts continued to decline and the rush in owner-occupied housing construction subsided.