房地产行业周报：新房成交环比增长，房地产市场止跌回稳动能增强

Investment Rating - The investment rating for the real estate industry is "Positive" (maintained) [11][54]. Core Viewpoints - The real estate market is showing signs of stabilization, with new home transactions increasing on a month-on-month basis, indicating enhanced momentum for recovery [12][24]. Summary by Sections Sales Sector - In the 51st week of 2024, the total transaction area of residential properties in 68 cities was 398 million square meters, a year-on-year decrease of 6% but a month-on-month increase of 1% [26][62]. - Cumulatively, from the beginning of the year, the transaction area in these cities reached 14,006 million square meters, reflecting a year-on-year decline of 26% [62]. - The second-hand housing market in 20 cities saw a year-on-year increase in transaction volume, with a total area of 246 million square meters, representing a 37% growth compared to the previous period [39][68]. Investment Sector - In the 51st week of 2024, the total land transaction area in 100 major cities was 7,114 million square meters, a year-on-year decrease of 26% [43][70]. - The land transaction premium rate was recorded at 1.9% [43]. - In Hangzhou, two residential land parcels were auctioned with a total area of 66,326 square meters, achieving a total revenue of 2.592 billion yuan, with premium rates of 76.5% and 48.83% respectively [70]. Financing Sector - The issuance of credit bonds reached 9.99 billion yuan in the 51st week of 2024, marking a year-on-year increase of 78% but a month-on-month decrease of 6% [14][49]. - The cumulative issuance of credit bonds was 407.49 billion yuan, reflecting a year-on-year decrease of 6% [49]. Market Sentiment - The central government has indicated a positive trend in the real estate market, with various departments actively implementing policies to stabilize the market and boost social confidence [18][25]. - The Loan Prime Rate (LPR) remains stable, with the one-year rate at 3.10% and the five-year rate at 3.60% [25][30].