Recovery in the Housing Market Driven by Low Interest Rates and Housing-Purchase Support Measures
First written in FY2016-Q2. 25 of 37 entries say "Reframed", first in FY2018-Q1. Latest entry: FY2026-H1.
Kitakei moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2020: 7 of 16 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2026-H1ReframedAnnual report
「Variable mortgage rates have recently remained unchanged, while fixed rates are trending upward against a backdrop of rising long-term interest rates.」
Variable rates have recently remained unchanged, while fixed rates are trending upward against a backdrop of rising long-term interest rates. - FY2025ReframedAnnual report
「Housing starts in owner-occupied and detached for-sale homes, the company's primary markets, declined markedly due to the backlash from rush demand ahead of the revisions to the Building Standards Act and energy-saving standards that took effect in April, as well as longer building confirmation application periods. Although there were signs of a partial recovery from October onward, housing starts continued to decline year on year overall, resulting in a challenging business environment. Regarding mortgage interest rates, variable rates were held unchanged after a temporary increase, while fixed rates continued to trend upward, and their direction needs to be closely monitored.」
In the primary housing market, the decline in housing starts became more pronounced due to the backlash following the revisions to the Building Standards Act and energy-saving standards and longer building confirmation application periods. While indicating signs of a partial recovery, it also notes that fixed rates are trending upward. - FY2025-H1ReframedAnnual report
「Both fixed and variable mortgage rates continue to trend upward, and their direction needs to be closely monitored.」
Regarding mortgage interest rates, it updates the market view from the previous focus on rising fixed rates and monitoring their direction to recognition that both fixed and variable rates are trending upward. - FY2024ReframedAnnual report
「In addition to rising fixed mortgage rates, the future direction of variable rates also needs to be closely monitored.」
It updates the market view from describing low interest rates as a supporting factor for the housing purchase market to closely monitoring rising fixed rates and the future direction of variable rates. - FY2024-Q2ReframedAnnual report
「Concerns about weaker sentiment toward home purchases have grown as home prices have risen due to inflation and soaring construction material prices, and the business environment has become challenging, with housing starts in owner-occupied and detached for-sale homes, the company's primary markets, continuing to decline year on year. In addition, fixed mortgage rates have been raised, and the future direction needs to be closely monitored.」
In addition to continued declines in housing starts in the primary markets, it explicitly identifies mortgage interest rates, particularly higher fixed rates, as a market condition. - FY2024-Q1ReframedAnnual report
「Concerns about weaker sentiment toward home purchases have grown as home prices have risen due to inflation and soaring construction material prices, and the business environment has become challenging, with housing starts in owner-occupied and detached for-sale homes, the company's primary markets, continuing to decline year on year. The future direction of mortgage interest rates also needs to be closely monitored.」
It indicates continued declines in housing starts in the primary markets and concerns about weaker sentiment toward home purchases due to rising home prices, and updates the disclosure to say that the direction of mortgage interest rates will also be closely monitored. - FY2023ReframedAnnual report
「Although variable mortgage rates on housing loans remain low, fixed rates have begun to rise, and their future direction needs to be closely monitored.」
While recognizing support from low variable rates, it adds the beginning of an increase in fixed rates as a new market condition. - FY2023-Q3ReframedAnnual report
「Concerns about weaker sentiment toward home purchases have grown as home prices have risen due to inflation and soaring construction material prices, and the business environment has become challenging, with housing starts in owner-occupied and detached for-sale homes, the company's primary markets, continuing to decline year on year. Although variable mortgage rates remain low, their future direction needs to be closely monitored.」
While recognizing support from low interest rates, it updates the market view to include rising home prices, declining housing starts in the primary markets and the future direction of variable mortgage rates. - FY2023-Q2ReframedAnnual report
「Although the continued implementation of various housing purchase support measures by the government and an accommodative financial environment have provided support, concerns about weaker sentiment toward home purchases due to rising housing construction costs resulting from inflation and soaring construction material prices led housing starts in owner-occupied and detached for-sale homes, the company's primary markets, to remain on a downward trend.」
While indicating support from housing purchase support measures and an accommodative financial environment, it characterizes housing starts in owner-occupied and detached for-sale homes as having entered a downward trend against a backdrop of inflation, soaring material prices and higher construction costs. - FY2023-Q1ReframedAnnual report
「In the housing-related industry, various housing purchase support measures by the government have continued to be implemented. However, the business environment has become one in which concerns are growing about weaker sentiment toward home purchases due to higher housing construction costs resulting from soaring material prices and expectations that mortgage interest rates will rise further.」
While indicating support from housing purchase support measures, it updates the market view to a situation in which weaker sentiment toward home purchases is a concern due to soaring material prices, higher housing construction costs and expectations of rising mortgage interest rates. - FY2022RestatedAnnual report
「Mortgage interest rates have remained low, while the continued implementation of various housing purchase support measures by the government and others and demand for improved living environments accompanying the spread of telework have also supported demand for renovations and new housing.」
The view continues to be that low interest rates, housing purchase support measures and demand for improved living environments accompanying telework are supporting demand for renovations and new housing. - FY2022-Q3RestatedAnnual report
「Demand for renovations and new housing has been supported by mortgage interest rates remaining low, the continued implementation of various housing purchase support measures by the government and others, and demand for improved living environments accompanying the spread of telework.」
The view continues to be that low interest rates, housing purchase support measures and demand for improved living environments accompanying telework are supporting housing demand. - FY2022-Q2ReframedAnnual report
「Demand for renovations and new housing has been supported by the continued implementation of various housing purchase support measures by the government and others, low mortgage interest rates and demand for improved living environments accompanying the spread of telework. However, concerns continue over declining sentiment toward home purchases due to rising home prices caused by higher costs across construction materials, as well as delivery delays, following disruptions to global maritime transport, manufacturing plant shutdowns caused by lockdowns, and higher raw material and transportation costs associated with rising crude oil prices.」
While noting support for demand from housing purchase support measures, low interest rates and telework, it adds concerns about higher home prices and weaker sentiment toward home purchases due to rising material and transportation costs and delivery delays. - FY2022-Q1ReframedAnnual report
「Various housing purchase support measures by the government and others have continued, and demand for improved living environments has increased with the spread of telework and other arrangements. However, problems have arisen, including higher raw material and transportation costs due to rising crude oil prices and disruptions to global maritime transport, and uncertainty about the outlook continues.」
While noting that demand for improved living environments is increasing as a result of housing purchase support measures and the spread of telework, it also highlights uncertainty about the outlook for the housing-related market due to higher raw material and transportation costs and disruptions to maritime transport. - FY2021RestatedAnnual report
「With various housing purchase support measures by the government and others continuing, and demand for improved living environments accompanying the spread of telework and other arrangements, demand for renovations and housing starts showed signs of recovery.」
The view continues to be that housing demand has recovered, supported by housing purchase support measures and demand for improved living environments associated with working from home and telework. - FY2021-Q3RestatedAnnual report
「Various housing purchase support measures by the government and others have continued, while demand for improved living environments accompanying the spread of telework has also supported the market, and housing starts showed signs of a slight recovery from the downward trend seen since the previous year.」
The view continues to be that housing purchase support measures and demand for improved living environments accompanying telework are supporting factors, and that housing starts have recovered somewhat from their downward trend. - FY2021-Q2ReframedAnnual report
「Although concerns remained over future employment and income conditions caused by the spread of COVID-19, new housing starts showed signs of a slight recovery from the downward trend since the previous year, supported by continuing government home-purchase support measures and demand for improvements to the home environment accompanying the spread of working from home.」
It identifies low interest rates, housing purchase support measures and demand for improved living environments accompanying the spread of working from home as factors supporting the market, and characterizes housing starts as having recovered somewhat from their downward trend. - FY2021-Q1ReframedAnnual report
「In the housing-related industry, mortgage rates remained low and various government home-purchase support measures continued, but new housing starts declined amid concerns over future employment and income conditions caused by the spread of COVID-19.」
While indicating continued low interest rates and home-purchase support measures, it describes new housing starts as trending downward against a backdrop of concerns over employment and income conditions caused by COVID-19. - FY2020ReframedAnnual report
「Although continued government home-purchase support measures and low mortgage rates are expected to stimulate demand for housing, demand is expected to gradually decline due to structural factors such as the declining birthrate, population aging, and population decline」
It presents both the support provided by low interest rates and home-purchase support measures and the expected structural decline in demand due to the declining birthrate, population aging, and population decline. - FY2020-Q3ReframedAnnual report
「In the housing-related industry, mortgage rates remained low and various government home-purchase support measures continued. However, new housing starts declined amid growing uncertainty over future employment and income conditions caused by the spread of COVID-19.」
While indicating continued low interest rates and home-purchase support measures, it attributes the decline in new housing starts to growing uncertainty over employment and income conditions caused by COVID-19. - FY2020-Q2ReframedAnnual report
「In the housing-related industry, mortgage rates remained low and various government home-purchase support measures continued. However, consumer activity declined as the reactionary decline following the rush in demand coincided with the spread of COVID-19, resulting in decreases in new housing starts and renovation projects.」
While low interest rates and home-purchase support measures continued, the market view has changed to consumer activity declining due to the reactionary decline following the rush in demand and the spread of COVID-19, with both new housing starts and renovation projects decreasing. - FY2020-Q1ReframedAnnual report
「In the housing-related industry, mortgage rates remained low and various government home-purchase support measures continued, but total new housing starts declined due in part to weaker consumer sentiment following the consumption-tax increase.」
While indicating continued low interest rates and home-purchase support measures, the market view has changed to total new housing starts declining against a backdrop of weaker consumer sentiment following the consumption-tax increase. - FY2019ReframedAnnual report
「Owner-occupied housing and newly built subdivided detached homes remained firm due to various home-purchase support measures and continued low mortgage rates. However, construction starts for rental housing declined amid stricter lending by financial institutions and weaker investment sentiment, including concerns over vacancy risks, causing total new housing starts to show slight weakness.」
It continues to show differences within the housing market, with owner-occupied housing and newly built subdivided detached homes remaining firm while construction starts for rental housing declined due to stricter lending and concerns over vacancy risks. - FY2019-Q3ReframedAnnual report
「In the housing-related industry, deterioration in market conditions for rental housing due to issues including improper real-estate investment loans became apparent. However, owner-occupied housing and newly built subdivided detached homes continued to trend upward, supported by low mortgage rates and ongoing home-purchase support measures, and new housing starts remained resilient.」
While deterioration in market conditions for rental housing caused by issues including improper lending became apparent, it describes owner-occupied housing and newly built subdivided detached homes as trending upward and new housing starts as resilient. - FY2019-Q2ReframedAnnual report
「Mortgage rates continued to remain low, and the effects of ongoing home-purchase support measures by the government and others led to continued increases in owner-occupied housing and newly built subdivided detached homes, while new housing starts remained resilient.」
Against a backdrop of low interest rates and home-purchase support measures, the market view has changed to owner-occupied housing and newly built subdivided detached homes showing an upward trend and new housing starts remaining resilient. - FY2019-Q1ReframedAnnual report
「In the housing-related industry, owner-occupied housing and newly built subdivided detached homes increased due to continued low mortgage rates and government home-purchase support measures, while total new housing starts remained at around the previous year's level, partly due to a decline in rental housing.」
Against a backdrop of low interest rates and home-purchase support measures, owner-occupied housing and newly built subdivided detached homes showed an upward trend, while total housing starts, including a decline in rental housing, remained at around the previous year's level. - FY2018RestatedAnnual report
「Housing demand remained firm, although showing signs of weakness, due to continued low mortgage rates and government home-purchase support measures.」
It continues to express the view that housing demand remains firm, although showing signs of weakness, against a backdrop of low interest rates and home-purchase support measures. - FY2018-Q3ReframedAnnual report
「In the housing-related industry, the combined number of owner-occupied housing and newly built subdivided detached homes among new housing starts remained firm due to improvements in employment and income conditions and low mortgage rates. However, rental housing declined as demand for inheritance-tax planning reached a peak and concerns about oversupply emerged, causing overall conditions to show signs of weakness.」
It continues to describe weakness in the overall housing market, firm conditions for owner-occupied housing and newly built subdivided detached homes combined, and a decline in rental housing, while showing the combined trend for owner-occupied housing and newly built subdivided detached homes. - FY2018-Q2ReframedAnnual report
「In the housing-related industry, newly built subdivided detached homes remained firm due to improvements in employment and income conditions and low mortgage rates. However, the increase in construction starts for owner-occupied housing failed to materialize, while rental housing declined as demand for inheritance-tax planning reached a peak and concerns about oversupply emerged, causing total new housing starts to show signs of weakness.」
While maintaining the overall weakness of the housing market, it concretizes differences within the market and their causes, namely firm conditions for newly built subdivided detached homes, stagnant construction starts for owner-occupied housing, and a decline in rental housing. - FY2018-Q1ReframedAnnual report
「Owner-occupied housing and newly built subdivided detached homes, the Group's main markets, remained firm, but total new housing starts showed signs of weakness due to decreases in condominiums and rental housing.」
It identifies differences within the market, with owner-occupied housing and newly built subdivided detached homes remaining firm while total new housing starts showed signs of weakness due to decreases in condominiums and rental housing. - FY2017Firm conditions accompanied by signs of weaknessAnnual report
「Housing demand remained firm, although showing signs of weakness, due to continued low mortgage rates and government home-purchase support measures.」
While maintaining the view that conditions were firm against a backdrop of low interest rates and home-purchase support measures, it adds the qualification “although showing signs of weakness” for housing demand. - FY2017-Q3Wording changed from resilient to firmAnnual report
「In the housing-related industry, new housing starts remained firm due to the effects of low mortgage rates and continuing government home-purchase support measures.」
While continuing to reflect the market view supported by low mortgage rates and home-purchase support measures, the wording for new housing starts changed from “resilient” in the previous quarter to “firm.” - FY2017-Q2Wording changed from firm to resilientAnnual report
「In the housing-related industry, new housing starts remained resilient due to the effects of low mortgage rates and continuing government home-purchase support measures.」
While continuing to reflect the market view supported by low mortgage rates and home-purchase support measures, the wording for new housing starts changed from “firm” in the previous quarter to “resilient.” - FY2017-Q1RestatedAnnual report
「In the housing-related industry, new housing starts remained firm due to the effects of low mortgage rates, continuing government home-purchase support measures, and an increase in rental housing for inheritance-tax planning.」
It reconfirms the strength of new housing starts against a backdrop of low mortgage rates, home-purchase support measures, and an increase in rental housing for inheritance-tax planning. - FY2016RestatedAnnual report
「The number of new housing starts remained firm due to lower mortgage rates resulting from the Bank of Japan's negative interest-rate policy, government home-purchase support measures, and an increase in rental housing associated with inheritance-tax planning.」
It reconfirms the strength of the housing market against a backdrop of low interest rates and home-purchase support measures, and adds an increase in rental housing driven by inheritance-tax planning as a factor. - FY2016-Q3Market assessment changed from recovering to firmAnnual report
「The markets central to the Group, including owner-occupied homes and detached homes for sale, as well as new housing starts, remained firm, supported by lower mortgage rates under the Bank of Japan's negative interest-rate policy and government measures to support home purchases.」
Continues to attribute market recovery to low interest rates and housing-purchase support measures, while describing owner-occupied and detached homes for sale and new housing starts as firm. - FY2016-Q2First statedAnnual report
「The markets central to the Group, namely owner-occupied homes and detached homes for sale, showed signs of recovery, supported by low mortgage rates and government measures to support home purchases.」
States that the core markets were recovering, supported by low interest rates and government support measures.