申万宏源则预计，三季度房企业绩仍将继续承压，主要源于2021年后销售连续下降导致结算下降；前期 降价促销推动当期结算影响利润率低位。但考虑到随着政府要求房地产行业"止跌回稳"以及企业利润率 见底、减值出清，综合预计25-26年板块业绩有望底部震荡中弱复苏，并且企业之间业绩分化也将进一 步加剧。 标普发表报告称，预计中国今年新屋销售同比下跌8%至8.8万亿元至9万亿元人民币，跌幅远大于5月时 的3%预测。标普认为，若需求能先在一线城市趋向稳定，将有助需求更持续地复苏，现时预计明年销 售额将再跌6%至7%，一手楼价下跌1.5%至2.5%。 内房股继续走低，截至发稿，融信中国(03301)跌6.25%，报0.18港元；融创中国(01918)跌3.13%，报1.55 港元；富力地产(02777)跌3.03%，报0.64港元，新城发展(01030)跌2.94%，报2.31港元。 ...

风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 美国8月新屋销售 80万户，预期 65万户，前值 65.2万户。 美国8月新屋销售环比 20.5%，预期 -0.3%， 前值 -0.6%。 ...

Market Overview - Major U.S. indices closed lower, with the Dow Jones down 349.27 points (0.77%) at 45282.47, Nasdaq down 47.24 points (0.22%) at 21449.29, and S&P 500 down 27.59 points (0.43%) at 6439.32, as investors await Nvidia's earnings report and reassess tariffs' impact on inflation and corporate profits [1] - European markets also saw declines, with Germany's DAX30 down 118.91 points (0.49%) at 24251.83, France's CAC40 down 126.65 points (1.59%) at 7843.04, and Spain's IBEX35 down 157.50 points (1.02%) at 15253.50 [1] Cryptocurrency and Commodities - Bitcoin fell over 3% to $110,157.4, while Ethereum dropped more than 8.7% to $4,360.95 [3] - Gold prices decreased slightly, with spot gold at $3,365.59 per ounce, and COMEX gold futures at $3,409.90 per ounce [3] Macroeconomic Developments - The Federal Reserve's Logan suggested improvements in communication regarding interest rate targets and economic forecasts, emphasizing the need to convey diverse viewpoints and response mechanisms [4] - The U.S. government announced plans to impose a 50% tariff on certain Indian products, signaling a potential escalation in trade tensions [6] Company-Specific News - Intel warned that the U.S. government's 10% stake in the company poses a risk to its business, with the possibility of the stake increasing to 15% if specific manufacturing thresholds are not met [7] - Warren Buffett denied any intention for Berkshire Hathaway to acquire a railroad company, clarifying previous speculation regarding BNSF's negotiations with CSX [7] - Elon Musk's X company and xAI filed a lawsuit against Apple, claiming that Apple's integration of OpenAI into iPhone OS harms competition and limits consumer choice [8]

Group 1 - The core point of the article highlights that in July, the annualized new home sales in the United States reached 652,000 units, surpassing the expected 630,000 units and the previous value of 627,000 units [1]

Group 1 - The core point of the article indicates that new home sales in the U.S. for June increased by 0.6% month-over-month, which is significantly lower than the expected increase of 4.3% and follows a previous decline of 13.7% [1]

Group 1 - The total annualized new home sales in the US for June reached 627,000 units, which is below the expected 650,000 units and slightly above the previous value of 623,000 units [1]

Group 1 - The total annualized new home sales in the U.S. for June was 627,000 units, which is below the expected 650,000 units [1] - The previous value for new home sales was 623,000 units, indicating a slight increase from the prior month [1]

Core Viewpoint - In May, new home sales in the U.S. dropped to the lowest level in seven months, primarily due to economic affordability constraints despite various sales incentives [1] Group 1: Sales Data - The total annualized new home sales in the U.S. for May was 623,000 units, representing a decline of 13.7% compared to previous periods, falling short of market expectations [1] - The number of unsold new homes slightly increased, reaching levels not seen since 2007, with completed unsold homes rising to 119,000 units, marking a nearly 16-year high [1] Group 2: Economic Challenges - Rising mortgage rates, which are nearing 7%, along with tariffs increasing material costs and a slowing labor market, are significant economic challenges facing home builders [1] - Builders are struggling to maintain orders despite offering subsidies to reduce financing costs for customers, leading to a decrease in the effectiveness of these incentives [1] Group 3: Construction Activity - The construction pace for single-family homes in May was the slowest recorded in 2023, indicating a slowdown in building activity among home builders [1]

Core Insights - New home sales in the U.S. for May reached 623,000 units, falling short of the expected 693,000 units and down from the previous value of 743,000 units [1] Group 1 - The actual new home sales figure of 623,000 units indicates a significant decline compared to the previous month's sales [1] - The shortfall from the expected sales figure of 693,000 units suggests potential weakness in the housing market [1] - The decrease from the prior month's sales of 743,000 units highlights a downward trend in new home sales [1]

Group 1 - New home sales in the U.S. for May decreased by 13.7% month-over-month, significantly worse than the expected decline of 6.7% [1] - The previous month's sales had shown an increase of 10.9%, indicating a sharp reversal in trend [1]