国家统计局：1—8月份，全国房地产开发投资60309亿元，同比下降12.9%

Core Insights - The real estate development sector is experiencing a significant decline in construction and sales activities, indicating potential challenges ahead for the industry [1] Construction Activity - From January to August, the total construction area by real estate developers reached 643.109 million square meters, representing a year-on-year decrease of 9.3% [1] - The residential construction area accounted for 448.460 million square meters, down 9.6% compared to the previous year [1] - The new construction area for buildings was 39.801 million square meters, which is a decline of 19.5% [1] - Specifically, the new residential construction area was 29.304 million square meters, reflecting an 18.3% decrease [1] Sales Performance - The sales area of newly built commercial housing totaled 57.304 million square meters, showing a year-on-year decline of 4.7% [1] - The residential sales area also decreased by 4.7% [1] - The total sales revenue from newly built commercial housing reached 550.15 billion yuan, which is a 7.3% decline [1] - The sales revenue from residential properties fell by 7.0% [1]