Real Estate Investment Contracts YoY In Nine Provinces

Nine provinces saw real estate investment contract in May versus a year ago, while eight provinces are in contraction year-to-date. The five largest provinces in terms of share of national real estate investment in May are Jiangsu at 10%; Guangdong at 8.7%; Zhejiang at 8.3%; Shandong at 6.2% and Sichuan at 5.7%. Fujian is close at 5.5%. Of these six, growth ranged from negative 5.2% (Fujian) to 13.7% (Guangdong). Sichuan saw growth of 11.2%, the next highest was Zhejiang at 3.92%.

Here's the national growth chart. A little over a dozen provinces are after the jump. All data from NBS.