房地产行业周报：第44周新房成交同比增速回升，供销比回升

Investment Rating - The industry investment rating is "Outperform the Market" [2] Core Viewpoints - The report highlights a rebound in new home sales in major cities, with a total sales area of 3.44 million square meters in the 44th week of 2024, representing a 34.9% increase week-on-week and a 13% increase year-on-year [3][4] - The report notes that the cumulative sales area for October 2024 across 30 cities was 10.1 million square meters, a 40% increase compared to September 2024, but a 4% decrease year-on-year [3] - The report indicates that the land supply and transaction volume in the 44th week were 29.15 million square meters and 14.59 million square meters respectively, with a supply-to-sales ratio of 2.00 [5] Summary by Sections New Home Sales - In the 44th week of 2024, the new home sales area in first-tier cities was 1.2 million square meters, up 51.3% week-on-week and up 91% year-on-year [3] - Second-tier cities saw a sales area of 1.66 million square meters, up 45.7% week-on-week but down 12% year-on-year [3] - Third-tier cities recorded a sales area of 580,000 square meters, down 6% week-on-week and up 9% year-on-year [3] Second-Hand Home Sales - The second-hand home sales area in 18 cities for the 44th week was 2.23 million square meters, up 5.87% week-on-week and up 23.2% year-on-year [4] - Cumulatively, the second-hand home sales area for October 2024 was 7.49 million square meters, up 23.3% compared to September 2024 and up 13% year-on-year [4] Land Supply and Transactions - The land supply area for the 44th week was 29.15 million square meters, with a transaction area of 14.59 million square meters, resulting in a supply-to-sales ratio of 2.00 [5] - The cumulative land supply area for the year across 100 major cities was 75.007 million square meters, down 13% year-on-year, while the cumulative transaction area was 60.933 million square meters, down 11.8% year-on-year [5] Market Performance - The real estate index was at 2427.9 points, up 6.04% week-on-week, while the CSI 300 index was at 3890.0 points, down 1.68% week-on-week [6] - Year-to-date performance for the real estate index was +11.84%, compared to +13.37% for the CSI 300 index [6]