China housing_ No major narrative change from CEWC_Seems more decisive, but time inconsistency issue to linger into 2025
CESI·2024-12-19 16:37
Asia Pacific Economic Research 16 December 2024 J P M O R G A N Housing price contraction narrowed further, though on the margin... The NBS 70 cities' new home prices inched down 0.2%m/m nsa in November, along with a 0.3% fall in secondary home sales. Both narrowed modestly from the 0.5% fall in October. In %oya terms, new home prices declined 6.1% (vs. -6.2% in October) and secondary home prices declined 8.5% (vs. -8.9% in October). Compared to the previous month, new home prices declined in 49 cities (vs. ...