The only positive data point here is the sales were up sharply from the first two months of the year, but the bounce was to a level below any single month in 2014. Real estate investment year to date is up 8.5% over 2014, but the increase in March was only 6.5%. Land purchases are down 27.8% through March.
NBS:
2015年1-3月份全国房地产开发和销售情况
More graphs under the break
Real Estate Investment Growth Rate
Land purchases by developers (area)
New Home Sales By Area (yellow) and Yuan (blue)
Developer Capital
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