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CHINA:  Housing Price Data Preview: Looking for Stability.

CHINA
  • Tomorrow sees the release of two key data points for the housing market, the month on month change in New and Used Home Prices
  • Prices for both have declined consistently since early 2023, with the trend beginning in 2018.
  • The housing market decline in recent years has brought the broader economy with it, resulting in the various stimulus measures announced since September.
  • During and following the national holidays in October, China’s residential home sales jumped 73% for October compared to the previous month, with the value of new home sales rising 7.1%.   
  • It may be less likely that tomorrow's data will see a return to positive, however authorities will be looking for signs that the various stimulus measures are halting the price declines. 
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  • Tomorrow sees the release of two key data points for the housing market, the month on month change in New and Used Home Prices
  • Prices for both have declined consistently since early 2023, with the trend beginning in 2018.
  • The housing market decline in recent years has brought the broader economy with it, resulting in the various stimulus measures announced since September.
  • During and following the national holidays in October, China’s residential home sales jumped 73% for October compared to the previous month, with the value of new home sales rising 7.1%.   
  • It may be less likely that tomorrow's data will see a return to positive, however authorities will be looking for signs that the various stimulus measures are halting the price declines.