Core Viewpoint - The real estate industry is showing signs of stabilization, with key indicators reflecting a gradual recovery in sales and prices, supported by government policies aimed at boosting demand and optimizing supply [1][22]. Group 1: Real Estate Sales and Prices - In the first five months of 2025, new home sales area reached 35,315 million square meters, a year-on-year decrease of 2.9%, while sales revenue was 34,091 billion yuan, down 3.8% [1]. - In May 2025, the national new residential sales area was 7,053 million square meters, and sales revenue was 7,056 billion yuan, representing month-on-month increases of 10% and 13% respectively [2]. - The average price of new homes in May exceeded 10,000 yuan per square meter, indicating a shift towards higher quality housing [3][4]. Group 2: Inventory and Construction - By the end of May, the area of unsold homes decreased by 7.15 million square meters, marking three consecutive months of decline [3][4]. - From January to May, new construction area was 23,184 million square meters, down 22.8%, with May's new construction area at 5,348 million square meters, a year-on-year decrease of 19% [11]. - The narrow down in new construction is attributed to a focus on high-quality housing, leading to a reduction in overall supply [11]. Group 3: Government Policies and Economic Support - A comprehensive set of financial policies was introduced to stabilize the real estate market, including a 0.5 percentage point reduction in the reserve requirement ratio, expected to provide approximately 1 trillion yuan in long-term liquidity [7]. - The government is actively promoting urban renewal and the construction of quality housing to stimulate demand and support the market's recovery [1][22]. - The central government has initiated measures to optimize existing policies and enhance their effectiveness, aiming to stabilize expectations and activate demand [21][22]. Group 4: Market Trends and Future Outlook - The decline in new home prices is slowing, with first-tier cities experiencing a year-on-year price drop of 1.7%, a reduction of 0.4 percentage points from the previous month [8][9]. - The real estate market is expected to continue its bottoming trend in the second half of 2025, with financial support and urban renewal efforts likely to stabilize prices and transaction volumes [22]. - The industry is entering a new phase characterized by a multi-faceted approach to stabilize the market, with a focus on improving supply quality and addressing inventory issues [21][22].
国家统计局最新数据公布，房地产“去库存”提速
3 6 Ke·2025-06-17 02:23