China Prints Another Housing Rebound

Chinese new home prices increased 0.61 percent nationally, with only 1 city reporting falling prices. Existing home prices increased 0.46 percent. Gains were modest in most cities, but credit policy leads the market. China printed 5 percent of GDP in January alone. Moreover, there has been an endless stream of articles that claim the shift from "talent war" to "population war" isn't easing, that the central government's approval of "population war" policies is not easing, that this won't all lead to another round of rising prices. It is true there won't be a national housing bubble this time because third- and fourth-tier cities are shrinking, but that will push speculators into fewer markets as those markets benefit from rising population and looser credit.

NBS: 2019年3月份70个大中城市商品住宅销售价格变动情况