国家统计局：1-8月全国房地产开发投资同比降12.9%

Summary of Key Points Core Viewpoint - The real estate sector in China is experiencing significant declines in investment, construction, and sales, indicating a challenging market environment for developers and investors [2] Group 1: Investment Trends - From January to August, national real estate development investment reached 60,309 billion yuan, a year-on-year decrease of 12.9% [2] - Residential investment accounted for 46,382 billion yuan, reflecting an 11.9% decline compared to the previous year [2] Group 2: Construction Activity - The total area of housing under construction was 643,109 million square meters, down 9.3% year-on-year [2] - The area of residential construction specifically decreased by 9.6%, totaling 448,460 million square meters [2] Group 3: New Construction and Completion - New housing starts amounted to 39,801 million square meters, representing a significant decline of 19.5% [2] - Residential new starts were 29,304 million square meters, down 18.3% year-on-year [2] - The area of completed housing was 27,694 million square meters, which is a 17.0% decrease [2] - Residential completions fell by 18.5%, totaling 19,876 million square meters [2]