国家统计局：下阶段持续加大“好房子”建设供应力度

Core Viewpoint - The real estate market in China is showing signs of stabilization, with improved transaction activity in some first and second-tier cities, driven by the implementation of supportive policies [1][2]. Group 1: Market Performance - In April, the real estate market transactions remained stable, with a slight recovery in sales due to the rollout of various policies aimed at stabilizing the market [1]. - From January to April, the sales area of new commercial housing decreased by 2.8%, but the decline was 0.2 percentage points less than the previous quarter [1]. - In 40 key cities, the sales area and sales revenue of new residential properties increased by 0.1% and 2% year-on-year, respectively, during the same period [1]. Group 2: Price Trends - Overall, housing prices remained stable, with new residential property prices in first and second-tier cities unchanged month-on-month in April, while third-tier cities saw a slight decline [2]. - Year-on-year, the price decline for new residential properties in first, second, and third-tier cities narrowed by 0.7, 0.5, and 0.3 percentage points, respectively [2]. - The decline in second-hand residential property prices also narrowed, with reductions of 0.9, 0.5, and 0.4 percentage points for the respective city tiers [2]. Group 3: Inventory and Construction - There has been an improvement in real estate inventory and new construction, with a decrease in unsold housing inventory as sales pick up [2]. - By the end of April, the area of unsold commercial housing continued to decrease compared to the end of March, marking two consecutive months of decline [2]. - From January to April, the year-on-year decline in the area of new housing starts narrowed by 0.6 percentage points compared to the previous quarter [2].