房地产行业快评报告：政策有望加力推出，促进楼市稳定

Investment Rating - The report maintains an "Outperform" rating for the real estate industry, indicating an expected relative increase of over 10% compared to the broader market in the next six months [2][8]. Core Insights - The stability of the real estate industry is crucial for expanding domestic demand, with strong policy support anticipated to stabilize the housing market. The report suggests that the current market shows initial signs of stabilization, and it is recommended to monitor housing prices and transaction trends closely [2][4]. - The central economic work conference emphasized the need to stabilize the housing market and stock market, reflecting a strong policy demand to prevent declines in the real estate sector. The report anticipates continued supportive policies for the real estate industry through 2025 [2][4]. - The report highlights the importance of macroeconomic policies in improving expectations and stimulating housing demand. It notes that a combination of fiscal and monetary policies will be implemented to support the industry [2][4]. Summary by Sections - Policy Support: The report indicates that the government plans to implement significant policies to support the renovation of urban villages and dilapidated housing, which is expected to release pent-up housing demand. The scale of urban village renovations is projected to expand, with a target of 1 million new units [4]. - Supply Control: The report discusses the need for strict control over new real estate land supply and the activation of existing land resources. It mentions that policies aimed at controlling new residential land supply and promoting the disposal of existing properties will help improve cash flow for real estate companies [4]. - Market Outlook: The report suggests that the real estate industry is on a path to recovery, driven by policy support and improved macroeconomic conditions. It emphasizes the importance of monitoring the market for potential trading opportunities in companies that are expected to benefit from these developments [2][4].