地产月月览：2025年1-7月

Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - From the July data, the decline in real estate sales area is gradually expanding, the investment side continues to be weak, and the new construction and construction areas continue to decline significantly. Attention should be paid to policy changes and the restoration of the market's internal driving force [1] Group 3: Summary by Relevant Indicators Development Investment - The cumulative development investment completion amount is 535.8 billion yuan, with a year-on-year decrease of 12.9%. The single - month growth rate in July was - 11.2%, showing a continuous weak trend [1] New Construction Area - The cumulative new construction area of houses is 35.206 million square meters, with a year - on - year decrease of 19.4%. The single - month growth rate in July was - 15.4%, continuing to decline significantly [1] Sales Area - The cumulative sales area of commercial housing is 51.56 million square meters, with a year - on - year decrease of 4.0%. The single - month growth rate in July was - 7.8%, and the decline is gradually expanding [1] Construction Area - The cumulative construction area of houses is 638.731 million square meters, with a year - on - year decrease of 9.2%. The single - month growth rate in July was - 9.1%, showing a large - scale decline [1] Completion Area - The cumulative completion area of houses is 25.034 million square meters, with a year - on - year decrease of 16.5%. The single - month growth rate in July was - 14.8%, and the decline is significant [1]