{"id":240712,"date":"2025-05-20T22:25:37","date_gmt":"2025-05-21T05:25:37","guid":{"rendered":"https:\/\/walton.com\/?p=243215"},"modified":"2026-10-23T00:11:47","modified_gmt":"2026-10-23T07:11:47","slug":"a-shifting-policy-landscape-and-its-implications-for-u-s-homebuilders","status":"publish","type":"post","link":"https:\/\/walton.com\/jp\/a-shifting-policy-landscape-and-its-implications-for-u-s-homebuilders\/","title":{"rendered":"\u653f\u7b56\u74b0\u5883\u306e\u5909\u5316\u3068\u7c73\u56fd\u306e\u4f4f\u5b85\u5efa\u8a2d\u696d\u8005\u3078\u306e\u5f71\u97ff"},"content":{"rendered":"<p 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class=\"p3\">\u73fe\u5728\u306e\u95a2\u7a0e\u74b0\u5883\u306b\u3088\u3063\u3066\u4f4f\u5b85\u5efa\u8a2d\u696d\u8005\u306e\u5229\u76ca\u7387\u306f\u3084\u3084\u4f4e\u4e0b\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u591a\u304f\u306e\u4f01\u696d\u306f\u3001\u3053\u3046\u3057\u305f\u653f\u7b56\u5909\u66f4\u3092\u898b\u8d8a\u3057\u3066\u8abf\u9054\u65b9\u6cd5\u3092\u3059\u3067\u306b\u898b\u76f4\u3057\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u77ed\u671f\u7684\u306a\u8cbb\u7528\u5909\u52d5\u306e\u5f71\u97ff\u3092\u6291\u3048\u308b\u305f\u3081\u3001\u6728\u6750\u3084\u7a93\u306a\u3069\u306e\u4e3b\u8981\u8cc7\u6750\u3092\u5099\u84c4\u3057\u3001\u9577\u671f\u4f9b\u7d66\u5951\u7d04\u3092\u78ba\u4fdd\u3059\u308b\u306a\u3069\u3001\u65e9\u3044\u6bb5\u968e\u3067\u8cc7\u6750\u3092\u8abf\u9054\u3059\u308b\u696d\u8005\u3082\u5897\u3048\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u6226\u7565\u306f\u3001\u8cbf\u6613\u306b\u6df7\u4e71\u304c\u751f\u3058\u305f\u969b\u306e\u4fa1\u683c\u5b89\u5b9a\u306b\u5f79\u7acb\u3064\u4e00\u65b9\u3001\u9700\u8981\u304c\u4e88\u60f3\u5916\u306b\u5f31\u307e\u308c\u3070\u3001\u4f59\u5270\u5728\u5eab\u3092\u62b1\u3048\u308b\u5371\u967a\u6027\u3082\u4f34\u3044\u307e\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<h4 class=\"p2\"><strong>\u4f4f\u5b85\u5efa\u8a2d\u696d\u8005\u306e\u8cbb\u7528\u8ca0\u62c5\u3068\u5229\u76ca\u7387\u306e\u5e95\u5805\u3055<\/strong><\/h4>\n<p class=\"p3\">\u8cc7\u6750\u306a\u3069\u306e\u8abf\u9054\u8cbb\u7528\u306e\u4e0a\u6607\u306f\u5f15\u304d\u7d9a\u304d\u9006\u98a8\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u304c\u3001\u4f4f\u5b85\u5efa\u8a2d\u696d\u8005\u306f\u9ad8\u3044\u67d4\u8edf\u6027\u3092\u793a\u3057\u3066\u3044\u307e\u3059\u3002John Burns Research &amp; Consulting\u306b\u3088\u308b\u3068\u3001\u95a2\u7a0e\u306e\u9069\u7528\u3068\u30ab\u30ca\u30c0\u304b\u3089\u306e\u4f9b\u7d66\u6e1b\u5c11\u3092\u4e3b\u56e0\u306b\u30012025\u5e74\u7b2c1\u56db\u534a\u671f\u307e\u3067\u306b\u69cb\u9020\u7528\u6728\u6750\u306e\u4fa1\u683c\u306f\u524d\u5e74\u540c\u671f\u6bd4\u3067\u7d0415\uff05\u4e0a\u6607\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u306b\u5bfe\u3057\u3001\u4f4f\u5b85\u5efa\u8a2d\u696d\u8005\u306f\u6b21\u306e\u3088\u3046\u306a\u5bfe\u5fdc\u3092\u9032\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n<p class=\"p2\">1. \u6728\u6750\u3084\u9244\u92fc\u306e\u7c73\u56fd\u5185\u3067\u306e\u8abf\u9054\u3092\u52a0\u901f\u3002<br \/>\n3\u6708\u672b\u306e\u8abf\u67fb\u3067\u306f\u3001\u56de\u7b54\u3057\u305f\u4f4f\u5b85\u5efa\u8a2d\u696d\u8005\u306e28\uff05\u304c\u88fd\u9020\u696d\u8005\u304b\u3089\u8cc7\u6750\u3092\u76f4\u63a5\u8cfc\u5165\u3057\u3066\u304a\u308a\u3001\u3055\u3089\u306b32\uff05\u304c\u76f4\u63a5\u8cfc\u5165\u3092\u691c\u8a0e\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n<p class=\"p2\">2. \u52a0\u5de5\u6728\u6750\u306e\u4f7f\u7528\u3092\u5897\u3084\u3057\u3001\u6728\u6750\u306e\u5358\u4f4d\u6750\u7a4d\u5f53\u305f\u308a\u306e\u5229\u7528\u52b9\u7387\u3092\u5411\u4e0a\u3002<\/p>\n<p class=\"p4\">3. \u8ca9\u58f2\u4fa1\u683c\u5e2f\u3092\u7dad\u6301\u3057\u3064\u3064\u3001<span class=\"s1\">\u5e8a\u9762\u7a4d<\/span>\u3092\u6291\u3048\u308b\u3088\u3046\u4f4f\u5b85\u8a2d\u8a08\u3092\u898b\u76f4\u3057\u3002<\/p>\n<p class=\"p2\">\u5927\u624b\u4e0a\u5834\u4f4f\u5b85\u5efa\u8a2d\u696d\u8005\u306e\u5229\u76ca\u7387\u306f\u3001\u6bd4\u8f03\u7684\u5e95\u5805\u304f\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u30022025\u5e74\u7b2c1\u56db\u534a\u671f\u306b\u3001\u696d\u754c\u5927\u624b\u306eD.R. Horton\u3068Lennar\u304c\u5831\u544a\u3057\u305f\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306f\u3001\u305d\u308c\u305e\u308c22.7\uff05\u306818.7\uff05\u3067\u3057\u305f\u30022024\u5e74\u306e\u6700\u9ad8\u6c34\u6e96\u3067\u3042\u308b24\uff05\u306f\u4e0b\u56de\u3063\u305f\u3082\u306e\u306e\u3001\u304a\u304a\u3080\u306d\u65b0\u578b\u30b3\u30ed\u30ca\u30a6\u30a4\u30eb\u30b9\u611f\u67d3\u62e1\u5927\u524d\u306e\u6c34\u6e96\u3084\u9577\u671f\u5e73\u5747\u306b\u6cbf\u3063\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u5e95\u5805\u3055\u3092\u652f\u3048\u3066\u3044\u308b\u306e\u306f\u3001\u9700\u8981\u306e\u5f37\u3044\u5e02\u5834\u3067\u306e\u4fa1\u683c\u6c7a\u5b9a\u529b\u3001\u5fb9\u5e95\u3057\u305f\u8cbb\u7528\u7ba1\u7406\u3001\u305d\u3057\u3066\u5357\u90e8\u30fb\u4e2d\u897f\u90e8\u306e\u4f4f\u5b85\u5efa\u8a2d\u5730\u57df\u306b\u304a\u3051\u308b\u826f\u597d\u306a\u52b4\u50cd\u5e02\u5834\u74b0\u5883\u3067\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<h4 class=\"p1\"><strong>\u666f\u6cc1\u611f\u3068\u6226\u7565\uff1a\u653f\u7b56\u306e\u4e0d\u78ba\u5b9f\u6027\u306b\u5bfe\u5fdc\u3059\u308b\u4f4f\u5b85\u5efa\u8a2d\u696d\u8005<\/strong><\/h4>\n<p class=\"p2\">\u653f\u7b56\u306b\u8d77\u56e0\u3059\u308b\u8cbb\u7528\u306e\u5909\u52d5\u306f\u3001\u4f4f\u5b85\u5efa\u8a2d\u696d\u8005\u306e\u666f\u6cc1\u611f\u306b\u60aa\u5f71\u97ff\u3092\u53ca\u307c\u3057\u3066\u304a\u308a\u3001NAHB\u4f4f\u5b85\u5e02\u5834\u6307\u6570\u306f2025\u5e745\u6708\u306b34\u307e\u3067\u4f4e\u4e0b\u3057\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u8cbf\u6613\u306e\u5148\u884c\u304d\u304c\u518d\u3073\u898b\u901a\u3057\u3084\u3059\u304f\u306a\u3063\u305f\u3053\u3068\u3001\u7279\u306b\u4e2d\u56fd\u3068\u306e\u77ed\u671f\u5408\u610f\u306b\u3088\u3063\u3066\u3001\u898b\u901a\u3057\u306f\u6539\u5584\u3057\u3066\u3044\u307e\u3059\u3002\u4e3b\u8981\u8cc7\u6750\u3078\u306e\u95a2\u7a0e\u5f15\u304d\u4e0b\u3052\u3068\u901a\u5546\u74b0\u5883\u306e\u900f\u660e\u6027\u5411\u4e0a\u306f\u3001\u7269\u4fa1\u4e0a\u6607\u306e\u5371\u967a\u6027\u3092\u6291\u3048\u3001\u9577\u671f\u7684\u306b\u4f4f\u5b85\u5efa\u8a2d\u6d3b\u52d5\u3092\u652f\u3048\u308b\u3068\u671f\u5f85\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p class=\"p3\"><b>\u95a2\u7a0e\u52d5\u5411\u3092\u8e0f\u307e\u3048\u305f\u4e3b\u306a\u6226\u7565\u7684\u5bfe\u5fdc\u306f\u3001\u6b21\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/b><\/p>\n<p class=\"p4\">1. \u4fdd\u6709\u5730\u8efd\u91cf\u5316\u6226\u7565\u306b\u57fa\u3065\u304f\u958b\u767a\uff1a\u5927\u624b\u4f01\u696d\u306f\u3001\u571f\u5730\u3092\u3042\u3089\u304b\u3058\u3081\u81ea\u793e\u4fdd\u6709\u3059\u308b\u5272\u5408\u3092\u6e1b\u3089\u3057\u3001\u30aa\u30d7\u30b7\u30e7\u30f3\u5951\u7d04\u3084\u5916\u90e8\u306e\u571f\u5730\u4fdd\u6709\u30fb\u4f9b\u7d66\u306e\u4ed5\u7d44\u307f\u3092\u6d3b\u7528\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>a. \u5927\u624b\u4e0a\u5834\u4f4f\u5b85\u5efa\u8a2d\u696d\u8005\u304c\u30aa\u30d7\u30b7\u30e7\u30f3\u5951\u7d04\u306a\u3069\u3067\u78ba\u4fdd\u3057\u305f\u5b85\u5730\u306e\u5272\u5408\u306f\u30012019\u5e74\u306b\u306f\u5168\u4f53\u306e48\uff05\u3067\u3057\u305f\u304c\u30012024\u5e74\u306b\u306f69\uff05\u306b\u4e0a\u6607\u3057\u307e\u3057\u305f\u3002<br \/>\nb. D.R. Horton\u3067\u306f\u30012024\u5e74\u306b\u3053\u306e\u5272\u5408\u304c76\uff05\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p class=\"p4\">2. \u8cfc\u5165\u652f\u63f4\u7b56\u3092\u6d3b\u7528\u3057\u305f\u8ca9\u58f2\uff1a\u4f4f\u5b85\u5efa\u8a2d\u696d\u8005\u306f\u3001\u4f4f\u5b85\u30ed\u30fc\u30f3\u91d1\u5229\u306e\u5f15\u304d\u4e0b\u3052\u8cbb\u7528\u306e\u8ca0\u62c5\u3084\u4f4f\u5b85\u8a2d\u5099\u306e\u4ed5\u69d8\u5411\u4e0a\u306a\u3069\u306e\u7279\u5178\u3092\u901a\u3058\u3066\u3001\u8ca9\u58f2\u306e\u9032\u307f\u5177\u5408\u3092\u7dad\u6301\u3057\u3066\u3044\u307e\u3059\u30022025\u5e745\u6708\u306b\u306f\u3001\u4f4f\u5b85\u5efa\u8a2d\u696d\u8005\u306e61\uff05\u304c\u3053\u3046\u3057\u305f\u8ca9\u58f2\u4fc3\u9032\u7b56\u3092\u5229\u7528\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n<p class=\"p6\">3. 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class=\"p1\">\u5927\u624b\u4f4f\u5b85\u5efa\u8a2d\u696d\u8005\u306f\u3001\u9020\u6210\u6e08\u307f\u5b85\u5730\u306e\u53d6\u5f97\u306b\u3088\u3063\u3066\u3082\u3001\u4e8b\u696d\u306e\u8fc5\u901f\u5316\u3068\u898f\u6a21\u62e1\u5927\u3092\u9032\u3081\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u958b\u767a\u8a31\u8a8d\u53ef\u306e\u53d6\u5f97\u306b\u4f34\u3046\u4e0d\u78ba\u5b9f\u6027\u3092\u6291\u3048\u3001\u8ca9\u58f2\u958b\u59cb\u307e\u3067\u306e\u671f\u9593\u3092\u77ed\u7e2e\u3057\u3066\u3044\u307e\u3059\u3002\u4e00\u65b9\u3001\u4e2d\u5c0f\u306e\u4f4f\u5b85\u5efa\u8a2d\u696d\u8005\u306e\u591a\u304f\u306f\u3001\u4fa1\u683c\u9762\u3067\u9020\u6210\u6e08\u307f\u5b85\u5730\u306e\u53d6\u5f97\u304c\u96e3\u3057\u304f\u3001\u8a31\u8a8d\u53ef\u3092\u81ea\u3089\u53d6\u5f97\u305b\u3056\u308b\u3092\u5f97\u306a\u3044\u305f\u3081\u3001\u8cbb\u7528\u306e\u5897\u52a0\u3001\u4e8b\u696d\u671f\u9593\u306e\u9577\u671f\u5316\u3001\u4e0d\u78ba\u5b9f\u6027\u306e\u9ad8\u307e\u308a\u306b\u76f4\u9762\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u683c\u5dee\u306e\u62e1\u5927\u306b\u3088\u308a\u3001\u5927\u624b\u4f01\u696d\u304c\u5e02\u5834\u5360\u6709\u7387\u3092\u4f38\u3070\u3057\u7d9a\u3051\u308b\u4e00\u65b9\u3001\u4e2d\u5c0f\u696d\u8005\u306f\u3001\u540c\u69d8\u306e\u571f\u5730\u8abf\u9054\u529b\u3084\u8cfc\u5165\u652f\u63f4\u7b56\u3092\u63d0\u4f9b\u3059\u308b\u4f59\u529b\u304c\u306a\u3044\u307e\u307e\u3001\u53b3\u3057\u3044\u7af6\u4e89\u3092\u5f37\u3044\u3089\u308c\u3066\u3044\u307e\u3059\u3002\u53c2\u8003\u307e\u3067\u306b\u3001\u4e0a\u5834\u30fb\u975e\u4e0a\u5834\u3092\u542b\u3080\u5927\u624b\u4f4f\u5b85\u5efa\u8a2d\u696d\u8005\u306e\u5e02\u5834\u5360\u6709\u7387\u306f\u30012019\u5e74\u306e41\uff05\u304b\u30892024\u5e74\u306b\u306f\u7d0460\uff05\u306b\u4e0a\u6607\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>&nbsp;<\/p>\n<h4 class=\"p1\"><strong>\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306e\u524d\u5411\u304d\u306a\u898b\u901a\u3057<\/strong><\/h4>\n<p class=\"p2\">\u95a2\u7a0e\u3092\u5de1\u308b\u5831\u9053\u306f\u6295\u8cc7\u5bb6\u306e\u4e0d\u5b89\u3092\u62db\u304d\u304c\u3061\u3067\u3059\u304c\u3001\u4f4f\u5b85\u696d\u754c\u306e\u73fe\u5834\u3078\u306e\u5f71\u97ff\u306f\u3001\u304a\u304a\u3080\u306d\u9650\u5b9a\u7684\u306a\u7bc4\u56f2\u306b\u3068\u3069\u307e\u308a\u3001\u4e00\u90e8\u3067\u306f\u524d\u5411\u304d\u306a\u5909\u5316\u3082\u751f\u307e\u308c\u3066\u3044\u307e\u3059\u3002\u9577\u671f\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u3001\u73fe\u5728\u306e\u95a2\u7a0e\u74b0\u5883\u306f\u3001\u904e\u5ea6\u306b\u8b66\u6212\u3059\u308b\u3088\u308a\u3082\u3001\u72b6\u6cc1\u3092\u614e\u91cd\u306b\u898b\u6975\u3081\u308b\u3053\u3068\u306e\u91cd\u8981\u6027\u3092\u793a\u3057\u3066\u3044\u307e\u3059\u3002\u5b9f\u969b\u3001\u7c73\u56fd\u4f4f\u5b85\u5e02\u5834\u3092\u652f\u3048\u308b\u57fa\u672c\u8981\u56e0\u306b\u306f\u3001\u5f15\u304d\u7d9a\u304d\u9b45\u529b\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p class=\"p3\">1. \u9577\u671f\u306b\u308f\u305f\u308b\u4f4f\u5b85\u4f9b\u7d66\u4e0d\u8db3\uff1a\u7c73\u56fd\u3067\u306f\u3001\u4f9d\u7136\u3068\u3057\u3066\u63a8\u8a08390\u4e07\u6238\u306e\u4f4f\u5b85\u304c\u4e0d\u8db3\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p class=\"p3\">2. 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class=\"p5\">\u4f4f\u5b85\u5efa\u8a2d\u696d\u8005\u306f\u3001\u5f92\u6b69\u3067\u306e\u66ae\u3089\u3057\u3084\u3059\u3055\u3001\u5171\u7528\u7a7a\u9593\u3001\u8cfc\u5165\u3057\u3084\u3059\u3044\u4fa1\u683c\u3092\u91cd\u8996\u3057\u305f\u3001\u5275\u610f\u5de5\u592b\u306e\u3042\u308b\u571f\u5730\u5229\u7528\u8a08\u753b\u3084\u4f4f\u5b85\u8a2d\u8a08\u3092\u53d6\u308a\u5165\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u53d6\u308a\u7d44\u307f\u306f\u3001\u4e16\u4ee3\u3054\u3068\u306b\u5909\u5316\u3059\u308b\u4f4f\u5b85\u306e\u597d\u307f\u306b\u5fdc\u3048\u308b\u3068\u3068\u3082\u306b\u3001\u7279\u306b\u521d\u3081\u3066\u4f4f\u5b85\u3092\u8cfc\u5165\u3059\u308b\u5c64\u5411\u3051\u306e\u4fa1\u683c\u5e2f\u3067\u3001\u5168\u7c73\u306e\u4f4f\u5b85\u4e0d\u8db3\u306e\u89e3\u6d88\u3092\u76ee\u6307\u3059\u3082\u306e\u3067\u3042\u308a\u3001\u4eca\u5f8c\u3082\u7d99\u7d9a\u7684\u306a\u5e02\u5834\u306e\u6d3b\u6027\u5316\u3092\u652f\u3048\u308b\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<h4 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