住建部会议透露“十五五”楼市调控新思路：“稳楼市”从首要任务变为第二重点，房地产开启新旧模式转换

Core Viewpoint - The recent national housing and urban construction work conference emphasizes the importance of urban renewal and high-quality development in the real estate sector, with stabilizing the real estate market now positioned as a secondary priority [2][6][7]. Group 1: Key Focus Areas for 2026 - The conference outlines four main areas of focus for 2026: promoting modern urban construction, stabilizing the real estate market, upgrading the construction industry, and strengthening the foundation for high-quality development [2]. - Urban renewal has been elevated to the primary task, reflecting a shift in priorities from previous years where stabilizing the real estate market was the foremost concern [7][8]. Group 2: Market Dynamics and Trends - The rising proportion of second-hand housing transactions is recognized as a significant trend, indicating a need to view the new and second-hand housing markets as a cohesive entity [9][10]. - In 30 key cities, the transaction volume of second-hand homes accounts for nearly 70%, with first-tier cities experiencing a four-year high in second-hand transactions [10]. Group 3: Policy Implications - The conference calls for tailored policies to control supply, reduce inventory, and optimize supply in the real estate sector, emphasizing the importance of local government autonomy in adjusting real estate policies [6][8]. - There is an expectation for more supportive measures from local governments, such as removing restrictive policies and increasing housing subsidies [6][8]. Group 4: Industry Transformation - The meeting highlights the need for real estate companies to transition from primarily selling new homes to offering diverse, high-quality living services, indicating a shift in business models within the industry [10][11]. - The emphasis on urban renewal and the transformation of real estate business models suggests a significant evolution in the sector's approach to meeting housing demands and addressing market challenges [11].