房地产行业周报：第46周新房成交同比增速回落，供销比回升

Investment Rating - The investment rating for the real estate industry is "Outperform the Market" and is maintained [2]. Core Insights - The report highlights a recovery in new home transaction growth, with a year-on-year increase of 13% in the 46th week of 2024 for 30 major cities, despite a week-on-week decline of 4.42% [4]. - The cumulative transaction area for new homes from November 1 to November 14, 2024, reached 4.65 million square meters, representing a 56.5% increase compared to the same period in October 2024 and a 20% year-on-year increase [5]. - The report notes a decline in second-hand home transactions, with a total area of 2.06 million square meters in the 46th week of 2024, down 6.7% week-on-week but up 19.1% year-on-year [6]. - Land supply and transaction data indicate a supply area of 35.4 million square meters and a transaction area of 11.04 million square meters, with a supply-to-sales ratio of 3.21 times [7]. Summary by Sections New Home Transactions - In the 46th week of 2024, the new home transaction area for 30 major cities was 2.27 million square meters, with a breakdown of 760,000 square meters in first-tier cities, 1.07 million square meters in second-tier cities, and 450,000 square meters in third-tier cities [4]. Cumulative New Home Transactions - From November 1 to November 14, 2024, the cumulative transaction area for new homes was 4.65 million square meters, with first-tier cities accounting for 1.43 million square meters, second-tier cities 2.31 million square meters, and third-tier cities 910,000 square meters [5]. Second-Hand Home Transactions - The second-hand home transaction area for 18 cities in the 46th week of 2024 was 2.06 million square meters, with first-tier cities at 538,000 square meters, second-tier cities at 1.44 million square meters, and third-tier cities at 85,000 square meters [6]. Land Supply and Transactions - The land supply area for the week was 35.4 million square meters, with a total land transaction area of 11.04 million square meters, and the cumulative land supply for the year was 82,173 million square meters, down 13% year-on-year [7]. Real Estate Index Performance - The real estate index was reported at 2362.2 points, reflecting a week-on-week decline of 8.05%, while the year-to-date performance showed an increase of 8.82% [8].