建材行业跟踪报告：房地产健康发展政策频出，促进市场止跌回稳

Investment Rating - The investment rating for the industry is "Outperform the Market" and is maintained [2] Core Insights - The report highlights that recent policies aimed at promoting the healthy development of the real estate market have shown positive effects, with measures including lowering down payment ratios and interest rates, as well as fiscal policies introduced in November [3][4][5] - The Central Political Bureau emphasized the need to stabilize the real estate market and adjust housing purchase restrictions, which has led to rapid local government actions [3] - Sales in the real estate market have shown signs of recovery, with a significant narrowing of the year-on-year decline in sales area from -17.1% to -1.6% in October [6] - Price increases have been observed, with new home prices in October showing a rise in the number of cities reporting increases compared to the previous month [6] Summary by Sections Policy Changes - Recent fiscal measures include increasing the area standard for a 1% deed tax rate from 90 square meters to 140 square meters and allowing certain cities to apply unified deed tax policies for second homes [3][4] - The value-added tax has been eliminated for individuals selling homes purchased for over two years, and the pre-collection rate for land value-added tax has been lowered by 0.5 percentage points [4] Market Performance - In October, the sales volume of second-hand homes in Shenzhen reached a 45-month high, and Shanghai saw a record-breaking transaction volume within 12 days in November [6] - The report suggests monitoring companies such as Beixin Building Materials, Weixing New Materials, and Sankeshu for potential investment opportunities [6]