Relative affordability and resilient demand for detached homes compared with condominium prices
First written in FY2016-Q3. 12 of 34 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-10-05.
Tosei moved to the "Worse" side of this theme in 2024, 4 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 36 of 51 companies on the "Worse" side.
0 other companies' latest entry also says "Advanced".
- 2026-10-05AdvancedEarnings
「In the Tokyo metropolitan market for newly built detached homes for sale, demand was driven higher by their relative affordability compared with increasingly expensive condominiums, and the average sales price in the 23 wards remained at an elevated level in the ¥90 million range for the third consecutive month.」
The relative affordability of detached homes compared with condominiums was shown to be supporting demand. - FY2026-H1AdvancedAnnual report
「In the Tokyo metropolitan for-sale detached-home market, 17,661 new-build homes were started from January to April 2026, up 3.5% year on year.」
The number of new-build homes started in the for-sale detached-home market rose 3.5% year on year, reversing the downward trend since 2024. - FY2025WorsenedAnnual report
「In the Tokyo metropolitan for-sale detached-home market, 42,052 new-build homes were started from January to October 2025, down 5.4% year on year, continuing the downward trend.」
The number of new-build for-sale detached homes started fell 5.4% year on year, with the downward trend since 2024 continuing. - FY2025-H1WorsenedAnnual report
「In the Tokyo metropolitan for-sale detached-home market, 17,069 new-build homes were started from January to April 2025, down 4.4% year on year, continuing the downward trend since 2024.」
The number of new-build for-sale detached homes started fell 4.4% year on year, with the downward trend since 2024 continuing. - FY2024-Q2WorsenedAnnual report
「In the for-sale detached-home market, 17,863 new-build homes were started from January to April 2024, down 6.3% year on year.」
The number of new-build for-sale detached homes started fell 6.3% year on year, shifting from the uptrend or flat trend through the previous year to a decline. - FY2024-Q1RestatedAnnual report
「In the for-sale detached-home market, 59,412 new-build homes were started in 2023, roughly unchanged from the previous year.」
The number of new-build for-sale detached homes started was roughly unchanged from the previous year, reaffirming the explanation that the detached-home market remained flat. - FY2023-Q3Broadly flat detached-home housing startsAnnual report
「In addition, new housing starts in the subdivision detached-home market totaled 34,000 units during January-July 2023, down 0.05% year on year.」
The number of new-build for-sale detached homes started was down 0.05% year on year, essentially unchanged from the same period a year earlier. - FY2023-Q2AdvancedAnnual report
「In the subdivision detached-home market, new housing starts totaled 19,000 units during January-April 2023, up 1.2% year on year and maintaining a firm trend.」
New housing starts in the subdivision detached-home market increased 1.2% year on year, and firm detached-home demand continues. - FY2023-Q1AdvancedAnnual report
「In addition, housing starts in the subdivision detached-home market totaled 59,425 units in 2022, up 4.2% year on year, maintaining a firm trend.」
Housing starts in the subdivision detached-home market totaled 59,425 units, up 4.2% year on year, adding evidence of resilient detached-home demand. - FY2022AdvancedAnnual report
「In the subdivision detached-home market, new housing starts totaled 49,452 units during January-October 2022, up 6.0% year on year.」
Housing starts in the subdivision detached-home market increased 6.0% year on year, with growth continuing after the downward trend through the previous period. - FY2022-Q3AdvancedAnnual report
「In the subdivision detached-home market, new housing starts totaled 29,000 units during January-June 2022, up 5.8% year on year (according to a private research institution).」
New housing starts in the subdivision detached-home market increased 5.8% year on year, providing new evidence of resilient detached-home demand. - FY2022-Q2AdvancedAnnual report
「In the subdivision detached-home market, new housing starts totaled 13,000 units during January-March 2022, up 7.8% year on year.」
New housing starts in the subdivision detached-home market increased 7.8% year on year, with growth continuing after the downward trend through the previous period. - FY2022-Q1AdvancedAnnual report
「In the subdivision detached-home market, new housing starts totaled 57,000 units in 2021, up 5.0% year on year.」
New housing starts in the subdivision detached-home market totaled 57,000 units, up 5.0% year on year, marking a shift from the decline seen through the previous period to an increase. - FY2021-Q3Continued marginal decline in detached-home housing startsAnnual report
「In the subdivision detached-home market, new housing starts totaled 32,000 units during January-July 2021, broadly unchanged from the previous year, down 1.6% year on year, as there had been no sharp decline in sales comparable to that of subdivision condominiums in the previous year (according to a private research institution).」
New subdivision detached-home housing starts totaled 32,000 units, down 1.6% year on year, and were described as broadly unchanged from the previous year. - FY2021-Q2WorsenedAnnual report
「In the subdivision detached-home market, new housing starts totaled 12,000 units during January-March 2021, down 6.0% year on year.」
New detached-home housing starts declined 6.0% year on year, continuing the downward trend reported previously. - FY2021-Q1Strong detached-home demand alongside declining housing startsAnnual report
「In the subdivision detached-home market, sales were strong as more customers sought larger homes with more rooms due to the spread of remote work. However, new housing starts totaled 54,000 units in 2020, down 14.2% year on year.」
While sales were described as strong as the spread of remote work increased the number of customers seeking larger homes with more rooms, new housing starts declined 14.2% year on year. - FY2020WorsenedAnnual report
「Housing starts in the subdivision detached-home market totaled 40,000 units during January-September 2020, down 14.2% year on year.」
Detached-home housing starts declined 14.2% year on year, with the decline widening again after narrowing in the previous quarter. - FY2020-Q3Narrowing decline in detached-home housing startsAnnual report
「Meanwhile, housing starts in the subdivision detached-home market totaled 36,000 units during January-July 2020, down just 1.8% year on year (according to a private research institution).」
Detached-home housing starts declined 1.8% year on year, with the decline narrowing from 9.6% in the previous quarter. - FY2020-Q2Decline in detached-home housing startsAnnual report
「In the subdivision detached-home market, housing starts totaled 13,000 units during January-March 2020, down 9.6% year on year.」
While relative value compared with condominiums remained a traditional demand driver, housing starts declined 9.6% year on year. - FY2020-Q1AdvancedAnnual report
「Meanwhile, new housing starts in the subdivision detached-home market totaled approximately 63,000 units in 2019, up 2.1% year on year. Demand remains firm because detached homes offer relative value compared with soaring condominium prices (according to a private research institution and the Ministry of Land, Infrastructure, Transport and Tourism).」
New detached-home housing starts totaled 63,000 units, up 2.1% year on year, and firm demand continues, driven by their relative value compared with condominiums. - FY2019-Q3AdvancedAnnual report
「Meanwhile, housing starts in the subdivision detached-home market totaled 37,000 units during January-July 2019, up 7.0% year on year. Although there was little evidence of rush demand ahead of the consumption tax increase, demand remains firm because detached homes offer relative value compared with condominiums (according to a private research institution and the Ministry of Land, Infrastructure, Transport and Tourism).」
Detached-home housing starts increased 7.0% year on year, and firm demand continues, driven by their relative value compared with condominiums. - FY2019-Q2AdvancedAnnual report
「Meanwhile, housing starts in the subdivision detached-home market totaled 21,000 units during January-April 2019, up 8.1% year on year. Although there was little evidence of rush demand ahead of the consumption tax increase, demand remains firm because detached homes offer relative value compared with condominiums.」
Detached-home housing starts increased 8.1% year on year, and firm demand continues, driven by their relative value compared with condominiums. - FY2019-Q1Firm demand and broadly flat housing startsAnnual report
「Meanwhile, new housing starts in the subdivision detached-home market totaled approximately 62,000 units in 2018, broadly unchanged from the previous year. Demand remains firm in the detached-home market, where prices are lower than those of condominiums.」
New housing starts in the detached-home market totaled 62,000 units and were broadly unchanged, while resilient demand was reaffirmed against a backdrop of lower prices than those of condominiums. - FY2018Declining sales and signs of recovering demandAnnual report
「Meanwhile, sales in the subdivision detached-home market declined 1% year on year during January-September 2018. However, amid persistently high condominium prices, signs of demand recovery are emerging as buyers are attracted by the relative affordability of detached homes.」
While sales declined 1% year on year, signs of recovering detached-home demand were indicated as condominium prices remained high. - FY2018-Q3Decline in detached-home salesAnnual report
「Although the Greater Tokyo Area's subdivision detached-home market remains resilient, offering better value than subdivision condominiums on price, sales totaled 29,701 units in the first half of 2018, down 3.0% year on year.」
While the market is considered resilient because detached homes offer better value than condominiums, sales declined 3.0% year on year. - FY2018-Q2RestatedAnnual report
「Meanwhile, sales in the Greater Tokyo Area's subdivision detached-home market totaled 61,215 units in fiscal 2017, broadly unchanged from the previous year. Demand for detached homes, which offer better value than condominiums, is expected to remain strong.」
Detached-home sales were broadly unchanged from the previous year, reaffirming strong demand driven by their value compared with condominiums. - FY2018-Q1AdvancedAnnual report
「Meanwhile, in the Greater Tokyo Area's subdivision detached-home market, some end-user demand shifted to the relatively affordable detached-home market as newly built subdivision condominium prices surged. Housing starts totaled 62,028 units in 2017, up 2.2% year on year.」
Demand inflows into the detached-home market were indicated against a backdrop of soaring condominium prices, and housing starts totaled 62,028 units, up 2.2% year on year. - FY2017-Q3RestatedAnnual report
「Meanwhile, housing starts in the Greater Tokyo Area's subdivision detached-home market totaled 30,622 units in the first half of 2017, up 5.3% year on year. Demand for relatively affordable detached homes is high and is expected to remain resilient (according to a private research institution and the Ministry of Land, Infrastructure, Transport and Tourism).」
Detached-home housing starts increased 5.3% year on year, reaffirming their relative affordability and strong demand compared with condominiums, as well as expectations for continued resilience. - FY2017-Q2RestatedAnnual report
「Meanwhile, housing starts in the Greater Tokyo Area's subdivision detached-home market totaled 61,284 units in fiscal 2016, up 7.3% year on year. Demand for detached homes, which are relatively affordable compared with newly built subdivision condominiums, remains strong, supported by low-interest-rate mortgages (according to a private research institution and the Ministry of Land, Infrastructure, Transport and Tourism).」
Housing starts for detached homes increased 7.3% year on year, with their affordability compared with condominiums, strong demand and support from low-interest-rate mortgages noted. - FY2017-Q1RestatedAnnual report
「Demand for detached homes, which are more affordable than subdivision condominiums, is strong, and housing starts recovered to 60,000 units annually for the first time in 3 years (according to the Ministry of Land, Infrastructure, Transport and Tourism).」
The relative affordability and strong demand for detached homes compared with condominiums, as well as the recovery in housing starts, have been reaffirmed. - FY2016RestatedAnnual report
「Meanwhile, housing starts in the Greater Tokyo Area's subdivision detached-home market increased 8.7% year on year during January-October 2016. Demand for detached homes, which are more affordable than newly built condominiums, remains high and is expected to remain resilient.」
The increase in housing starts and the affordability and resilient demand for detached homes compared with condominiums have been reaffirmed. - FY2016-Q3First statedAnnual report
「Demand for detached homes, which are relatively affordable compared with condominium prices that remain high, is strong and is expected to remain resilient.」
The market environment is characterized by the relative affordability and resilient demand for detached homes, against a backdrop of persistently high condominium prices.