Home construction
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China: Encouraging housing data – has the corner been turned?
Activity in China’s real estate sector in the first two months of 2016 has been reported by the National Bureau of Statistics (NBS). China releases combined data for January and February to smooth out the effect of the slowdown in construction over the Lunar New Year holiday period. The press release from the NBS says total investment in the first two months of 2016 was up 3% year-on-year. Investment in residential buildings was up by 1.8% and accounted for two thirds of total investment in the sector. Sales of residential buildings in the first two months of this year rose as the Chinese authorities eased credit requirements to encourage consumers to buy homes. New home sales rose almost 50% year on year during the January-February period. For 2015 home sales nationwide rose almost 17% after the decline in 2014. But, looking ahead, in the first two months of this year land... Continue reading
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April 13, 2016
China: Encouraging housing data – has the corner been turned?
Activity in China’s real estate sector in the first two months of 2016 has been reported by the National Bureau of Statistics (NBS). China releases combined data for January and February to smooth out the effect of the slowdown in construction over the Lunar New Year holiday period. The press release from the NBS says total investment in the first two months of 2016 was up 3% year-on-year. Investment in residential buildings was up by 1.8% and accounted for two thirds of total investment in the sector. Sales of residential buildings in the first two months of this year rose as the Chinese authorities eased credit requirements to encourage consumers to buy homes. New home sales rose almost 50% year on year during the January-February period. For 2015 home sales nationwide rose almost 17% after the decline in 2014. But, looking ahead, in the first two months of this year land... Continue reading
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China: Encouraging housing data – has the corner been turned?
Activity in China’s real estate sector in the first two months of 2016 has been reported by the National Bureau of Statistics (NBS). China releases combined data for January and February to smooth out the effect of the slowdown in construction over the Lunar New Year holiday period. The press release from the NBS says total investment in the first two months of 2016 was up 3% year-on-year. Investment in residential buildings was up by 1.8% and accounted for two thirds of total investment in the sector. Sales of residential buildings in the first two months of this year rose as the Chinese authorities eased credit requirements to encourage consumers to buy homes. New home sales rose almost 50% year on year during the January-February period. For 2015 home sales nationwide rose almost 17% after the decline in 2014. But, looking ahead, in the first two months of this year land... Continue reading