房地产行业第32周周报：新房销售环比下滑，收储政策逐步推进

Investment Rating - The investment rating for the real estate industry is "Positive" [2] Core Insights - New home sales have declined month-on-month, while land acquisition policies are gradually being implemented [2] - The real estate index increased by 3.26% during the week, outperforming the Shanghai Composite Index by 4.75 percentage points [2][7] - The report highlights significant fluctuations in stock performance among real estate companies, with notable gains and losses [7][9] Summary by Sections 1. Real Estate Policy Tracking - Recent policies include adjustments to housing loan down payment ratios and interest rates in Shanghai, aimed at stabilizing the market [6] - New measures in Jiangxi Province focus on inventory reduction and market stabilization, offering subsidies for home purchases [6] 2. Weekly Market Review 2.1 Real Estate Sector - The real estate index rose 3.26%, ranking first among 31 sectors [7] - Top-performing companies included Shijie Holdings (33.95%) and Zhuguang Holdings (27.35%) [7] 2.2 Property Management Sector - The property management index increased by 3.40%, ranking third among 13 sectors [9] - Leading companies in this sector included Hongyang Services (13.68%) and China Overseas Property (10.62%) [9] 2.3 Key Company Announcements - Various companies reported their sales figures for July, with notable declines in contract sales for several firms [11][12] 3. Real Estate Market Monitoring 3.1 New Home Sales Data - New home sales in 30 major cities totaled 160.23 million square meters, down 8.36% year-on-year and 25.56% month-on-month [13] - Price trends indicate a 4.88% year-on-year decline in new home prices across 70 major cities [13] 3.2 Second-Hand Home Sales Data - Second-hand home sales in 15 cities reached 183.12 million square meters, up 26.27% year-on-year but down 0.95% month-on-month [15] - The price index for second-hand homes fell by 7.87% year-on-year [15] 3.3 Land Market Conditions - Land transactions in 100 major cities totaled 2,203.16 million square meters, down 36.46% year-on-year and 15.58% month-on-month [16] - The premium rate for land sales was recorded at 4.32% [16] 3.4 Inventory and Absorption - Inventory in 13 key cities reached 117.62 million square meters, with a slight increase of 0.09% [19] - The absorption cycle is reported at 102.75 weeks, a decrease of 3.15 weeks from the previous week [19]