China's new home prices in May fell by 0.71% month-over-month, a steeper decline compared to the previous month's drop of 0.58%. Used home prices also saw a significant decrease, falling by 1.00% month-over-month, compared to a 0.94% decline in April. Year-over-year, new home prices dropped by 3.9%, exceeding the previous year's decline of 3.1%. These figures indicate a faster rate of decline in both new and used home prices compared to the previous month. The year-over-year forecast was not provided.
CHINA NEW HOME PRICES (M/M) MAY: -0.71% (PREV -0.58%) -CHINA USED HOME PRICES (M/M) MAY: -1.00% (PREV -0.94%)
🇨🇳#CHINA'S MAY NEW HOME PRICES ARE DOWN 0.71% M/M(Prev. -0.58%), AND EXISTING HOME PRICES DROPPED 1% M/M(Prev. -0.94%), BOTH DROP FASTER THAN IN APRIL.
*CHINA MAY NEW HOME PRICES -0.71% M/M; DROP FASTER THAN APRIL *CHINA MAY USED HOME PRICES -1% M/M; DROP FASTER THAN APRIL
China May new home prices -0.7% m/m and -3.9% y/y https://t.co/TiA5z0So3d
⚡#CHINA'S MAY NEW HOME PRICES ARE DOWN 0.58% M/M, AND EXISTING HOME PRICES DROPPED 1% M/M, BOTH DROP FASTER THAN IN APRIL.
China New Home Prices (M/M) May: -0.71% (prev -0.58%) - Used Home Prices (M/M) May: -1.00% (prev -0.94%)
CHINESE NEW HOUSE PRICES YOY ACTUAL -3.9% (FORECAST -, PREVIOUS -3.1%) $MACRO