新房周报 | 30城16周环比持平上周，4月累计同比降4%（4.14-4.20）

Core Viewpoint - The State Council emphasizes the need to maintain stability in the stock and real estate markets, with a focus on implementing policies to promote healthy development in these sectors [2]. Policy Dynamics - The State Council meeting highlighted the importance of adhering to the central economic work conference's directives, aiming for sustained efforts to stabilize the stock market and promote the real estate market's healthy development [2]. - The Ministry of Commerce and nine other departments have introduced measures to expand and upgrade household service consumption, including incorporating eligible domestic service workers into the public rental housing and guaranteed rental housing systems [2]. Local Policy Initiatives - 11 provinces and cities have issued 13 policies to stabilize the market, with Beijing, Chengdu, and Shanghai announcing related housing policies [3]. - Beijing plans to construct and collect 50,000 units of guaranteed rental housing and complete 80,000 units of various types of guaranteed housing throughout the year [3]. - Chengdu has defined guaranteed housing as government-planned and collected housing, while Shanghai allows recent graduates to apply for rental housing within two years of graduation [3]. - Cities like Wuxi and Hangzhou have relaxed restrictive policies, enhancing the liquidity of commercial housing and providing tax incentives for home purchases [3]. New Housing Transaction Trends - New housing transaction volume in first and second-tier cities has seen a decline of less than 5%, while third and fourth-tier cities have maintained a slight increase [4][6]. - The average absorption rate for newly opened projects has increased by 7 percentage points to 40% [8]. - In the 16th week of 2025, the transaction index for first-tier cities decreased by 4.1 points to 80.45, while the index for second-tier cities fell by 2.46 points to 34.64 [6]. Key City Performance - Major cities like Beijing and Shanghai experienced a decline in weekly transactions, while cities like Shenzhen and Chengdu saw an increase of over 5% [15].