CH New Home Prices m/m
It's a leading indicator of the housing industry's health because rising house prices attract investors and spur industry activity;
- CH New Home Prices m/m Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Dec 15, 2024 | -0.20% | -0.51% | |
| Nov 14, 2024 | -0.51% | -0.71% | |
| Oct 17, 2024 | -0.71% | -0.73% | |
| Sep 13, 2024 | -0.73% | -0.65% | |
| Aug 14, 2024 | -0.65% | -0.67% | |
| Jul 14, 2024 | -0.67% | -0.71% | |
| Jun 16, 2024 | -0.71% | -0.58% | |
| May 16, 2024 | -0.58% | -0.34% |
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- CH New Home Prices m/m News
From bnnbloomberg.ca|Dec 15, 2024China’s home-price declines eased for a third month in November, suggesting values are beginning to stabilize as policymakers step up efforts to end the property slump. New-home prices in 70 cities, excluding state-subsidized housing, dropped 0.2% from October, the smallest decrease in 17 months, National Bureau of Statistics figures showed Monday. Values of used homes fell 0.35%, the least since May 2023. China’s housing downturn has weighed on Asia’s largest economy for more than three years. The figures offer a glimmer of hope for ...
From forexlive.com|Oct 17, 2024China home price data for September 2024: -5.7% y/y • Prior -5.3%. -0.7% m/m • Prior also -0.7%. We've been banging on all year (more?) about the vicious cycle of lower home prices breeding buyer reluctance (why buy no when prices fall, get it cheaper later) breeding lower prices. That has not yet gone away. China's property sector continues to languish. Of course, we've had much fanfare over stimulus this past four weeks or so, so perhaps this data set will improve.
From streetinsider.com|Aug 14, 2024China's new home prices fell for the 13th straight month in July, official data showed on Thursday, as supportive policies failed to stabilise the market and restore confidence in the struggling sector. New home prices were down 0.7% month-on-month in July after a 0.7% dip in June, according to Reuters calculations based on National Bureau of Statistics (NBS) data. In annual terms, new home prices were down 4.9% from a year earlier, compared with a 4.5% slide in June. Beijing has been intensifying efforts to support the sector, which ...
- From bnnbloomberg.ca|Jun 17, 2024|1 comment
China’s home prices fell at a faster pace in May, as the country’s most forceful efforts to support the property market took time to revive demand. New-home prices in 70 cities, excluding state-subsidized housing, slid 0.71% from April, the most since October 2014, National Bureau of Statistics figures showed Monday. Values of existing homes dropped 1%, the sharpest decline since at least 2011 when China started using the current data collection method. China last month unveiled a broad real estate rescue package to address the ...
- From forexlive.com|May 16, 2024
April new house prices in China -0.6% m/m. • -0.3% prior. -3.1% y/y. • Prior -2.2% New house prices slumping, used houses prices down also, -0.9% m/m. House prices falling more rapidly than in March. Hard to argue this is a positive sign, until it turns around. Maybe this will make a difference ahead: • China's government is considering buying unsold homes to ease oversupply. 64 cities out of 70 with m/m decreases in sales prices of new homes vs. 57 in March • 69 decrease in 2nd-hand vs. 69 in March. House prices falling more rapidly ...
- From forexlive.com|Apr 15, 2024
China's property market continues to dribble along its lacklustre path. New house prices -0.3% m/m. • Prior -0.3%. For the y/y, -2.2% • Prior -1.4%. These house price declines are a bit of a vicious circle, there more they fall the more people tend to hold off on purchases waiting for prices to fall further.
From think.ing.com|Mar 14, 2024The National Bureau of Statistics published the February data for a 70-city sample of housing prices in China, which showed a continued price decline in line with expectations. Average primary market prices dropped -0.36% MoM and average secondary market prices dropped -0.62% MoM. Both were similar to the MoM declines in January. For new homes, 8 cities saw a MoM increase, 3 cities saw prices unchanged, and 59 cities saw a MoM decline. The biggest gain was a three-way tie at 0.4% MoM between Shanghai, Tianjin, and Wuxi. The steepest ...
From channelnewsasia.com|Feb 23, 2024China's January new home prices fell for the seventh straight month, official data showed on Friday, even as policymakers stepped up support to restore confidence in the debt-ridden sector. New home prices fell 0.3 per cent month-on-month after dipping 0.4 per cent in December, according to Reuters calculations based on National Bureau of Statistics (NBS) data. Prices were down 0.7 per cent from a year earlier, marking the steepest fall in 10 months, compared with a 0.4 per cent fall in December. The property market, once a pillar of ...
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| Released on May 16, 2024 |
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| Released on Apr 15, 2024 |
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| Released on Mar 14, 2024 |
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| Released on Feb 22, 2024 |
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