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(Original title: Basic situation of the national real estate market from January to June 2024)

I. Completion of real estate development investment

From January to June, the national real estate development investment was 525.29 billion yuan, down 10.1% year on year (calculated on a comparable basis, see Note 6 for details); among them, residential investment was 398.83 billion yuan, down 10.4%.

The growth rate of national real estate development investment dropped by 10.4%

From January to June, the housing construction area of ​​real estate development enterprises was 6968.18 million square meters, a year-on-year decrease of 12.0%. Among them, the residential construction area was 4874.37 million square meters, a decrease of 12.5%. The newly started housing area was 380.23 million square meters, a decrease of 23.7%. Among them, the newly started residential area was 277.48 million square meters, a decrease of 23.6%. The completed housing area was 265.19 million square meters, a decrease of 21.8%. Among them, the completed residential area was 192.59 million square meters, a decrease of 21.7%.

II. Sales and pending sales of newly built commercial housing

From January to June, the sales area of ​​newly built commercial housing was 479.16 million square meters, a year-on-year decrease of 19.0%, of which residential sales area decreased by 21.9%. The sales volume of newly built commercial housing was 471.33 billion yuan, a decrease of 25.0%, of which residential sales decreased by 26.9%.

The figure shows the sales area and sales growth rate of new commercial housing

By the end of June, the area of ​​commercial housing for sale was 738.94 million square meters, a year-on-year increase of 15.2%, of which the area of ​​residential housing for sale increased by 23.5%.

III. Funding Status of Real Estate Development Enterprises

From January to June, the funds in place for real estate development enterprises amounted to 5353.8 billion yuan, a year-on-year decrease of 22.6%. Among them, domestic loans amounted to 820.7 billion yuan, a decrease of 6.6%; foreign capital utilization amounted to 1.3 billion yuan, a decrease of 51.7%; self-raised funds amounted to 1886.2 billion yuan, a decrease of 9.1%; deposits and advance payments amounted to 1599.9 billion yuan, a decrease of 34.1%; and personal mortgage loans amounted to 774.9 billion yuan, a decrease of 37.7%.

Growth rate of funds in place for real estate development enterprises

IV. Real Estate Development Prosperity Index

In June, the real estate development boom index (referred to as the "National Real Estate Boom Index") was 92.11.

The picture shows the National Housing Climate Index

Table 1 National real estate development and sales from January to June 2024

Table 2 Real estate development investment in the eastern, central, western and northeastern regions from January to June 2024

Table 3 Real estate sales in the eastern, central, western and northeastern regions from January to June 2024

Related reports

National Bureau of Statistics: The real estate market activity has increased recently

The spokesperson of the National Bureau of Statistics said that the real estate market has become more active recently. All regions and departments have adapted to the new situation of major changes in the supply and demand relationship in the real estate market, implemented policies based on the city, actively adjusted and optimized real estate policies, and did a solid job in ensuring the delivery of houses to support rigid and improved housing demand. The policy effect has been gradually released, and the market activity has increased. In the first half of the year, the sales area and sales volume of newly built commercial housing in the country decreased by 19.0% and 25.0% year-on-year, respectively, and the decline rate narrowed by 1.3 and 2.9 percentage points compared with January-May; the decline rate of newly started housing area and funds in place of real estate development enterprises also narrowed. According to the information obtained by relevant departments such as the Ministry of Housing and Urban-Rural Development, the online signing area of ​​second-hand houses has also increased year-on-year in recent months, and the transaction area in first-tier cities in June has increased rapidly month-on-month. At the same time, the "three major projects" such as the construction of affordable housing, the construction of "dual-use" public infrastructure, and the transformation of urban villages have been actively promoted, which is conducive to building a new model for the development of the real estate market and adding momentum to investment expansion. In the first half of the year, the "three major projects" of real estate drove real estate development investment by 0.9 percentage points. Of course, we should also see that current real estate-related indicators are still declining, and the real estate market is still in the process of adjustment and transformation.