Daiwa House Industry announced on the 4th that it will withdraw from the new detached home business in 23 prefectures, including Hokkaido and Kagoshima Prefecture. This is due to the long-term decline in the number of new detached home starts, caused by rising material and construction costs and population decline. From April 2027, the company will focus its operations on urban areas such as Tokyo and Osaka. Meanwhile, it will strengthen its stock business, which includes remodeling and rental management of existing homes, an area expected to grow. The detached home business currently has bases in 45 prefectures, excluding Yamagata and Okinawa, but the withdrawal will eliminate new construction operations in Hokkaido and the Tohoku region. Accordingly, the company plans to reassign approximately 200 employees. Sales of custom-built homes in the withdrawal areas will end by the end of this month, while sales of built-for-sale homes will continue until the end of March next year.
Daiwa House Industry Co., Ltd.Daiwa House will withdraw from new detached home sales in 23 prefectures due to long-term decline in new home starts, ending custom-home sales in those areas.
