Real Estate May Inferno

May new home sales area YoY remains a 40% decline, with no difference in the decline rate compared to the previous month, while the average transaction price has slightly increased. $Kimball Electron.US

In the context of poor sales, the source of real estate development funds in May also experienced a significant negative growth (-33%), and the corresponding real estate investment in May also showed negative growth (YoY -8%).

Due to the poor sales situation and limited real estate funding sources, apart from the relatively low investment in fixed assets, the completion and new construction data for residential properties in May are also hovering at a low level, especially with the completion area in May experiencing an accelerated decline.

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