Logo 21 Oct 2021

New home prices stall or decline

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On Wednesday, the National Bureau of Statistics (NBS) released its September housing data.
It’s not a rosy picture:

Average new home prices in 70 cities remain unchanged m/m versus 0.2% growth in August.
Only 27 cities reported m/m gains, compared with 46 in August.

New home prices in first-tier c...