住建部会议透露“十五五”楼市调控新思路

Core Viewpoint - The recent national housing and urban construction work conference emphasized four key areas for 2026, with a notable shift in focus from stabilizing the real estate market to prioritizing urban modernization and development [2][13]. Group 1: Key Areas of Focus - The four key areas for 2026 include promoting modern urban construction, stabilizing the real estate market, upgrading the construction industry, and solidifying the foundation for high-quality development [2][13]. - Urban renewal has been elevated to the top priority, reflecting a significant policy shift from previous years where market stabilization was the primary focus [6][18]. Group 2: Market Dynamics - The conference acknowledged the rising trend of second-hand housing transactions, indicating a shift in market dynamics where the new and second-hand markets should be viewed as a whole [9][21]. - In 15 provinces and cities, second-hand housing transactions have surpassed new housing, with 30 key cities seeing nearly 70% of transactions coming from second-hand homes [21]. Group 3: Policy Implications - The emphasis on urban renewal is expected to lead to more favorable policies in 2026, with local governments encouraged to optimize real estate policies to support housing demand [5][19]. - The conference highlighted the need for a systematic approach to stabilize the real estate market, integrating factors such as employment, income, and urbanization [3][14]. Group 4: Future Outlook - The meeting discussed the importance of addressing the changing supply-demand relationship in the real estate market, recognizing the ongoing new urbanization and the potential for significant market growth [20][22]. - The transition from a focus on new housing sales to a model that includes property holding and diverse housing services is seen as a critical step for real estate companies [10][22].