房地产行业周报：年内第三次LPR调降落地

Investment Rating - The report maintains a "Look Favorably" rating for the real estate industry [2] Core Insights - The real estate index outperformed both the CSI 300 index and the ChiNext index in the 43rd week, with a relative return of 2.2% compared to the CSI 300 index [3][13] - New housing sales in 44 major cities decreased by 6.6% to 25,800 units in the 43rd week, while second-hand housing sales in 21 major cities fell by 6.7% to 23,000 units [4][19] - The average premium rate for land transactions in 36 major cities increased to 2.3%, up by 0.6% from the previous week [27][28] Market Review - The 43rd week saw the real estate index close at 2268.60, with a weekly increase of 3.0%, while the CSI 300 index rose by 0.8% to 3956.42 [13][14] - The land market's activity increased, with 53 plots sold in the 43rd week, generating land transfer fees of 48.668 billion yuan, an increase of 35.978 billion yuan from the previous week [24][27] Policy Developments - Local policies were adjusted in several cities, including changes to housing fund policies in Hefei, Yinchuan, Chengdu, and others, aimed at stabilizing the real estate market [16][18] - The third LPR reduction of the year occurred, lowering the 5-year LPR by 25 basis points to 3.6%, reflecting efforts to improve residents' cash flow [5][34] Company Announcements - Key companies such as Zhongtian Service, Nanjing Gaoke, and others released their third-quarter reports, indicating ongoing operational updates [33][34]