China New Home Prices Fall 0.15% in June as 70-City Market Shows Stabilization
Updated
Updated · Bloomberg · Jul 15
China New Home Prices Fall 0.15% in June as 70-City Market Shows Stabilization
1 articles · Updated · Bloomberg · Jul 15
Summary
China’s new home prices in 70 cities fell 0.15% in June from May, easing from a 0.2% decline and adding to signs the housing downturn may be stabilizing.
National Bureau of Statistics data showed the improvement was limited to the new-home market, suggesting policy support has yet to lift the broader property sector evenly.
Second-hand home prices still dropped 0.32% in June—the steepest fall in four months—highlighting persistent weakness in resale demand even as new-home declines slowed.