近期，"保本微利"的配售型保障房再次成为市场焦点，多个城市相继传来配售型保障房的最新进展。5 月28日，深圳市住房和建设局网站发布了《深圳市配售型保障性住房管理办法（征求意见稿）》《深圳 市保障性住房规划建设管理办法（修订征求意见稿）》。 具体来看，《深圳市配售型保障性住房管理办法（征求意见稿）》共5章37条，明确了配售型保障性住 房的申请条件、配售方式及流程、封闭管理、使用监管等内容。《深圳市保障性住房规划建设管理办法 （修订征求意见稿）》共8章46条，涵盖规划计划、建设筹集、建设项目管理等内容。 据悉，配售型保障性住房是住房保障体系中的一种住房类型，是指按照有关政策规划建设，限定户型面 积、销售价格、使用和处分权利等，实施封闭管理，面向符合条件的住房困难工薪群体配售的住房。 业内人士指出，配售型保障性住房最大优势之一是价格，这对于深圳很多新市民来说具有极大的吸引 力。广东省住房政策研究中心首席研究员李宇嘉表示，配售型保障性住房如果要发扬其价格低的优势， 抑制其流转和折旧上的劣势，关键在于相关部门能不能在城市中心区加大该类产品的土地供应以及优质 配套设施的供应，也就是能不能把配售房打造为"好房子"。 （文章 ...

作 者丨张敏 编 辑丨张伟贤 图 源丨 图虫 今年以来，50城住宅平均租金继续保持同比下跌。 这一变化由多重因素促成，但房价下降、就业与收入预期偏弱构成了其大背景。保租房供应 的扩大，也在潜移默化地改变市场格局。 同样在4月，在深圳市罗湖区国贸一带租房的小赵，一年的租约到期。中介问他，愿不愿意换 套大一点的房子。按照同样的价格，他可以从现在的一房换成两房。 去年下半年以来， 一些热点城市的租金出现明显下降，房东和租客对此都有切身感受。 根据中指研究院的数据，2024年，全国重点50城住宅平均租金累计下跌3.25%，跌幅较上年扩 大3个百分点。其中，去年8月后，租金跌幅明显扩大。 有房东直降9 0 0元留客 2025年4月中旬，刘伟（化名）收到租客的短信，对方告诉他，下个月租约到期后，不再续租 了。 一个月后，刘伟将房子收拾了一下重新委托中介招租。 中介告诉他，要把租金调降1000块钱 左右 ，才有可能找到新租客，"现在的市场价格就是这样。" 刘伟的房子位于北京市朝阳区定福庄区域，前一个租客住了两年， 租金为5400元／月。按照 中介的建议，他不情愿地将房租调低，以4500元／月（降价900元/月）的价格重新挂 ...

房价涵盖划拨土地成本、建安成本、合理利润及税费，同时综合考量经济发展、住房供需和居民支付能力等因素。换句话说，配售房源的具体价格，将不再 是简单地以同地段商品房的某个折扣比例来确定。 配售方式上，文件明确，配售型保障性住房将实行现房配售。 每经记者｜陈荣浩 每经编辑｜陈梦妤 深圳住房保障体系再次迎来变革。 5月28日下午，深圳市住建局发布《深圳市配售型保障性住房管理办法（征求意见稿）》《深圳市保障性住房规划建设管理办法（修订征求意见稿）》，明 确了配售型保障性住房的申请条件、配售方式及流程、封闭管理等内容。 文件提到，配售型保障性住房实施严格封闭管理，禁止以任何方式将配售型保障性住房变更为商品住房。购房后需退出配售型保障性住房的，签订买卖合同 满3年后可以向住房主管部门申请在信息平台进行封闭流转，将配售型保障性住房转让给符合条件的对象，市住房主管部门可以通过制定参考价格上限等方 式规范转让行为。 超过一年无人购买的，住房主管部门可以结合实际情况组织保障性住房专营机构或者其他机构进行回购，回购价格=原购买价格×（1-年折旧系数×建筑物已 使用年限），年折旧系数取1%。 申请条件上，购买配售型保障性住房，需要满足 ...

封闭流转 深圳拟出台配售型保障性住房管理新规 金十数据5月28日讯，《深圳市配售型保障性住房管理办法（征求意见稿）》、《深圳市保障性住房规 划建设管理办法（修订征求意见稿）》发布，公开征求社会各界意见。文件介绍，配售型保障性住房实 施严格封闭管理，禁止以任何方式变更为商品住房。广东省城乡规划院住房政策研究中心首席研究员李 宇嘉谈到，深圳在定价规则、封闭流转、销售规则、流转规定等方面，与国家关于这类产品的规定基本 衔接一致，意味着深圳的住房保障体系与国家全面靠拢，即由配租和配售两部分组成，配租的部分包括 公租房和保障性租赁住房，配售的部分就是配售型保障性住房，原有的安居房和人才房在存量项目建设 销售完毕以后退出市场。 （21财经） ...

日前，华泰紫金苏州恒泰租赁住房封闭式基础设施证券投资基金（下称"苏州恒泰租赁住房REIT"，基 金代码：508085）正式上市，成为江苏首单租赁住房REIT、市场第八支保租房公募REIT。5月21日，该 基金开盘即上涨29.99%，触及公募REITs上市首日的涨幅上限。 需要注意的是，公租房的租赁合同一年一签，且苏州恒泰租赁住房REIT的底层资产"菁英公寓"住宅部 分租赁合同集中在2025年到期。 出租率方面，2020年—2023年，该底层资产的住宅出租率分别为91.10%、90.11%、90.97%及87.97%。 对此，苏州恒泰旗下公租房管理公司在招募说明书中解释说，2020—2023年出租率有所下降，系菁英公 寓运营满10年的内部修缮计划所致。本次修缮于2024年10月初结束后，出租率逐步恢复至内部修缮前的 租赁水平（2024年为93.33%）。 记者注意到，截至2024年末，基础设施项目住宅部分租赁合同主要集中到期时间为2025年，占比约 92.85%，2026年到期的租约占比约7.09%，存在租户集中到期的风险。对此，招募说明书表示，虽然租 约签订周期为1年期，但不影响租户续租；2022—2024年 ...

"咱灵活就业人员也可以享受公积金贷款的低利率了！"最近，在重庆从事外卖配送工作的游先生在重庆 市渝中区买了一套83平方米的住房，离安家梦又近了一步。 游先生给记者算了一笔账：总价83万元的房子，首付17万元，使用住房公积金贷款66万元，按购房时 2.85%的年贷款利率，30年还款期限，每月仅需还款1833元。5月8日起，个人住房公积金贷款利率再度 下调0.25%，游先生的房贷月供更低了，"减轻了不少利息支出压力"。 游先生所在的重庆作为首批试点城市，于2021年8月便启动了灵活就业人员缴存试点工作。放宽参与年 龄至16周岁，不设户籍、收入等准入限制，贷款额度由个人50万元提高至80万元……一系列政策为灵活 就业人员安居省下了不少"真金白银"。 截至今年4月末，重庆共有 31.5万名灵活就业人员缴存住房公积金，已发放个人住房贷款4.2亿元，预计 可节约利息支出超3000万元，支持购房逾10万平方米。 "试点城市以住房公积金为切入点，与住房保障、产业发展、促进就业等重点工作协同推进，切实加强 灵活就业人员权益保障。"住建部住房公积金监管司有关负责人介绍，截至2024年底，通过试点，累计 超过100万名灵活就业人员 ...

汝阳县先进制造业开发区洛阳鸿路钢构汝阳基地智能机器人焊接车间，员工加紧生产。康红军 摄 习近平总书记在河南考察时指出，面对复杂的外部环境，要坚定信心，坚定不移办好自己的事，坚定不移扩 大高水平对外开放。这让致欧家居的员工们备受鼓舞。致欧家居相关负责人在接受记者采访时表示，在全球 贸易充满不确定性的当下，企业更需坚定发展信心，凭借品牌力和产品力站稳脚跟。 作为河南跨境电商领域的领军企业，致欧家居已在可拆装家居细分赛道深耕10余年，凭借强大的原创设计能 力，先后获得70余项国内外设计大奖，以产品的过硬实力不断开拓海外市场。今年以来，尽管国际贸易环境 复杂多变，致欧家居依然展现出强大的韧性，一季度营收同比增长13.56%。 在压力之下仍能保持增长，致欧家居靠的是什么？"早在前两年，致欧家居就开始布局海外供应链体系，并坚 持合规化运营，不断提升应对风险的能力。"该负责人说。 "坚定不移办好自己的事，坚定不移开拓海外市场。"走访中，河南的中小型外贸企业都表达出同样的信心。 从5月5日第137届广交会结束到现在，河南钢美科技有限公司已接待了五六批国外新客户。"这些客户大多来 自南美、欧洲，他们对我们的产品相当满意，不少订 ...

这两种现象，不仅透露出资本市场对住房租赁行业抱有热情，也展现出长租公寓运营机构拓展业务的积极意愿，可见住房 租赁行业迎来蓬勃发展。在笔者看来，随着我国城市住房从"增量扩张"转向"存量优化"新阶段，与过去长租房运营主体沉淀资 金过多、收房及运营成本高、资管模式创新不足等发展痛点相比，当前住房租赁行业已呈现出三大新看点。 第一，租赁需求走向"多样化"，开拓行业新发展空间。城市化进程加快和人口结构变化，为住房租赁市场带来增量空间。 《2025中国城市长租市场发展蓝皮书》显示，四大一线城市中租房人口规模接近4000万人，占比接近50%。新市民、青年群体 住房租赁需求逐渐从注重单一居住功能性转向品质化、多元化，"住房+多元化服务"成为核心诉求。 这主要体现在以下几个方面：其一，人才公寓需求持续扩容。当前，我国战略性新兴产业和未来产业快速发展，相关科创 企业通过补贴租金等多种方式引进和留住高端人才。其二，家庭型租赁需求崛起。年轻家庭未来有望成为租赁市场生力军，这 将催生大量教育、医疗以及社区安全等延伸服务需求。其三，高品质租赁居住需求增长。当前，"好房子"工程推进，租赁性住 房也在向"绿色+智能"升级，这将有效带动家具、 ...

Financial Data and Key Metrics Changes - Net revenue for Q4 FY2025 was $508.4 million, an increase of $88.2 million or 21% compared to $420.1 million in the prior year [11] - Consolidated gross margin decreased to 22.8%, down 80 basis points from 23.6% in the same period last year [13] - Net income was $36.3 million compared to $33.9 million in the same quarter of the prior year, with diluted earnings per share at $4.47 versus $4.03 [15] Business Line Data and Key Metrics Changes - In the factory-built housing segment, net revenue was $487.9 million, up 22.4% from $398.5 million in the prior year quarter, driven by a 28.5% increase in homes sold [11][12] - Financial Services segment net revenue decreased to $20.5 million, down 5.2% from $21.6 million in the prior year, due to fewer loan sales and insurance policies [12] Market Data and Key Metrics Changes - Unit shipments increased by almost 29% year over year, indicating a positive market activity across retail channels [7][18] - The backlog was down sequentially but showed a healthy increase in March, with plants holding 5 to 7 weeks of backlog [8] Company Strategy and Development Direction - The company is focusing on a rebranding strategy, renaming manufacturing plants to the Cavco name to improve customer recognition and streamline product lines [9][43] - Continued strategic investments in plant improvements and acquisitions have increased production capacity, supported by strong cash generation and a debt-free balance sheet [9][10] Management's Comments on Operating Environment and Future Outlook - Management noted economic uncertainty in Q4 but highlighted a positive uptick in buyer activity in March, indicating a potential recovery in demand [5][7] - The company remains confident in its ability to manage production rates and backlogs, with expectations for increased production in the upcoming quarters [25] Other Important Information - The company repurchased approximately $33 million of stock in Q4, cumulatively buying back 15.5% of outstanding shares since the program's inception [10][16] - The effective income tax rate decreased to 15.4% for Q4, attributed to higher ENERGY STAR tax credits and stock option exercise benefits [15] Q&A Session Summary Question: Expectations for production rates in Q1 relative to Q4 - Management indicated that production rates are expected to remain consistent with Q4, with some plants looking to increase production based on backlog growth [22][25] Question: Impact of February weather on production and margins - Management acknowledged that February's unusual weather caused lost production days, which may have exerted downward pressure on gross margins, but the impact was not deemed significant [36][38] Question: Details on pricing competition and market dynamics - Management noted that pricing competition is more pronounced in lower-priced homes, particularly single wides, while overall pricing pressure has not been widespread across the country [60][64] Question: Impact of tariffs on cost of goods sold - Management confirmed that tariffs did not impact Q4 results, but they expect limited effects in Q1 and potentially more significant impacts in Q2 as tariffs take effect [79][80] Question: Insights from recent congressional hearings on housing supply - Management emphasized the importance of focusing on supply issues in the housing market and highlighted potential legislative changes that could benefit the industry [84][86]

Financial Data and Key Metrics Changes - Net revenue for Q4 FY2025 was $508.4 million, an increase of $88.2 million or 21% compared to $420.1 million in the prior year [12] - Consolidated gross margin decreased to 22.8%, down 80 basis points from 23.6% in the same period last year [14] - Net income was $36.3 million compared to $33.9 million in the same quarter of the prior year, with diluted earnings per share at $4.47 versus $4.03 [15] Business Line Data and Key Metrics Changes - Factory built housing segment net revenue was $487.9 million, up 22.4% from $398.5 million in the prior year quarter, driven by a 28.5% increase in homes sold [12][13] - Financial Services segment net revenue decreased to $20.5 million, down 5.2% from $21.6 million in the prior year, due to fewer loan sales and insurance policies [13] Market Data and Key Metrics Changes - Unit shipments increased by almost 29% year over year, indicating a positive market activity across retail channels [7][19] - The backlog was down sequentially, with five to seven weeks of backlog across the system [8] Company Strategy and Development Direction - The company is focusing on a rebranding strategy to unify its manufacturing plants under the Cavco name, enhancing customer search efficiency and leveraging digital marketing [10][41] - Continued strategic investments in plant improvements and acquisitions have increased production capacity, supported by strong cash generation and a debt-free balance sheet [10] Management's Comments on Operating Environment and Future Outlook - Management noted economic uncertainty in Q4 but highlighted a positive uptick in orders in March, indicating buyer activity in the housing market [5][7] - The company remains confident in its ability to manage production rates and backlogs, with expectations for increasing production rates across many plants [25] Other Important Information - The company repurchased approximately $33 million of stock in Q4, cumulatively buying back 15.5% of outstanding shares since the buyback program began [11][16] - The effective income tax rate decreased to 15.4% due to higher ENERGY STAR tax credits and greater tax benefits from stock option exercises [15] Q&A Session Summary Question: Expectations for production rates for fiscal first quarter - Management indicated production rates are expected to remain consistent with Q4, with some plants looking to increase production based on backlog growth [23][25] Question: Impact on gross margin and operating margins in Q1 - Management noted that while there was downward pressure from reduced average selling prices, lower input costs could help stabilize margins [29][30] Question: Details on February's lost production days - Management confirmed that unusual weather in February affected production, particularly in Texas and Southeast states, resulting in about 24 lost operating days [35][36] Question: Clarification on pricing seasonality - Management stated that pricing does not typically show seasonality, and while there has been some price pressure, it is not uniform across all regions [72][73] Question: Impact of tariffs on cost of goods sold - Management confirmed that tariffs did not impact Q4 results, but potential effects could be seen in Q1 and Q2 as costs adjust [77][78] Question: Activity in March and April compared to site builders - Management noted that the manufactured housing market is less affected by inventory dynamics compared to site builders, leading to stronger demand [96][97]