naphtha (petrochemical feedstock)shínǎoyóu石脑油shortageduǎnquē短缺to push up / to drive uptuīgāo推高building material costsjiàncái建材costchéngběn成本,JapanRìběn日本residential housingzhùzhái住宅homebuilders / construction firmsjiànshāng建商to announcexuānbù宣布to raise pricestí jià提价。
April 20, 2026 at 11:00 AM
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BusinessJapan Homebuilders Plan Price Hikes as Naphtha Shortage Drives Up Pipe and Paint Costs
Multiple Japanese homebuilders have announced plans to raise housing prices after naphtha shortages caused by the Hormuz crisis sharply increased the cost of pipes, paint, and other key construction materials.
Due to tight naphtha supply, multiple Japanese residential construction companies have announced plans to increase housing prices. Naphtha shortage has caused procurement costs for pipes and paint to surge sharply. Construction companies stated these material price increases have far exceeded any previous period. Some construction companies have already suspended new project contract signings, waiting for raw material supply to return to normal. Because materials failed to arrive, some construction projects had to stop mid-way. Industry insiders predict that if this situation continues, newly built home prices will see across-the-board increases.
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