房地产行业新房二手房周报：多部门政策组合拳促进止跌回稳，9月新建商品房销售规模跌幅收窄

Investment Rating - The report maintains a positive investment suggestion for the real estate industry, indicating a potential stabilization in the market due to recent policy measures [1][2]. Core Insights - The report highlights a combination of policies aimed at stabilizing the real estate market, including the cancellation of purchase restrictions and the reduction of loan rates [2][3]. - New housing sales in September showed a narrowing decline, with a reported sales area of 0.97 billion square meters, down 11.0% year-on-year, compared to a 12.6% decline in August [2][3]. - The overall transaction area for new and second-hand homes in 12 tracked cities increased by 130.4% month-on-month and 17.9% year-on-year for the week ending October 17, 2024 [2]. Summary by Sections Market Overview - The report notes that the sales area for new and second-hand homes in the first nine months of 2024 totaled 7.03 billion square meters, reflecting a year-on-year decline of 17.1% [2]. - The cumulative sales amount for the same period reached 6.89 trillion yuan, down 22.7% year-on-year [2]. Policy Measures - A "combination punch" of policies was introduced, including four cancellations (purchase limits, sales restrictions, price limits, and classification standards) and four reductions (lowering loan rates and down payment ratios) [2][3]. - The report emphasizes the importance of these measures in addressing the challenges faced by the real estate market and supporting the recovery of housing transactions [2]. Company Announcements - Companies such as China Merchants Shekou and China Merchants Jinling announced share buybacks, indicating confidence in their stock performance and future prospects [3]. - The report mentions that the political bureau meeting on September 26 signaled a shift towards promoting stability in the real estate market, which has led to the implementation of supportive policies [3].