房地产行业新房二手房周报：房屋养老金不增加个人负担

Investment Rating - The report maintains a "Hold" investment suggestion for the real estate industry [1]. Core Insights - The overall transaction area for new and second-hand homes in 12 tracked cities decreased by 2.0% week-on-week and 19.0% year-on-year, with a cumulative year-to-date decline of 19.0% [2]. - The report indicates that the sales decline for the top 100 real estate companies has narrowed, with a total sales amount of 238.21 billion yuan from January to August 2024, reflecting a year-on-year decrease of 36.5% [2]. - The report highlights ongoing policy adjustments in various cities to stimulate the housing market, including changes in housing loan policies and property management regulations [2]. Summary by Sections Market Overview - The total transaction area for new and second-hand homes in the tracked cities was 2.251 million square meters, with a year-to-date decline of 19.0% [2]. - The cumulative sales amount for the top 100 real estate companies from January to August 2024 was 238.21 billion yuan, down 36.5% year-on-year [2]. Policy Changes - Shanghai has adjusted the construction standards for small and medium-sized housing units, mandating that a minimum of 70% of the supply in certain areas must meet these standards [2]. - Nanjing has optimized its housing loan policies to facilitate better access for contributors to public housing funds [2]. - Other cities like Chongqing and Nanning have implemented measures to ease property transactions and broaden the scope of housing fund withdrawals [2]. Company Announcements - Major companies such as China Merchants Shekou and Vanke reported significant declines in revenue for the first half of 2024, with Vanke's revenue down 199.82% year-on-year [3][8]. - Huafa Group announced a privatization plan for its property service subsidiary, which has been approved by relevant stakeholders [3]. Transaction Data - The report provides detailed transaction data for new homes across various city tiers, indicating a mixed performance with some cities showing positive trends while others continue to decline [9][10][11]. - The overall transaction volume for new homes in 49 key cities showed a week-on-week increase of 12% but a year-on-year decrease of 37% [17].