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) [1] Core Viewpoints - The new housing transaction volume has increased month-on-month, indicating that the real estate market is stabilizing and gaining momentum [5][32] - The central government has indicated that the real estate market is showing positive signs of stabilization, with various departments actively implementing existing policies and introducing new measures to boost market confidence [19][71] Market Summary - Sales Side: The new housing transaction volume in 68 major cities has decreased year-on-year but increased month-on-month. The second-hand housing transaction volume in 20 cities has increased year-on-year but decreased month-on-month [33][49] - Investment Side: The land transaction area has decreased year-on-year, but the land market in Hangzhou is active, with two residential land parcels sold for a total of 2.592 billion yuan, with premium rates of 76.5% and 48.83% respectively [30][65] - Financing Side: The issuance of credit bonds has increased year-on-year, with a total issuance of 99.9 billion yuan in the latest week, a 78% increase year-on-year [7][72] Policy Developments - The central government has emphasized the need for policies to stabilize the real estate market, with recent measures showing a positive impact on market sentiment [19][40] - Local governments are also implementing supportive measures, such as adjusting housing fund policies and promoting flexible housing solutions [21][71]