#Charts: #China’s residential #housing starts continued to fall

Despite a somewhat better sentiment in China’s real estate market in the recent months on the back of stimulus hope, residential housing starts continued to fall.

For January-July, residential housing starts declined by 13.4% compared with the same period a year ago, down from –10.7% for January-June.  If we derive the year-on-year growth for the month of July only from the accumulative data, residential housing starts fell 30.4%, worst number on record apparently.

Source: National Bureau of Statistics

Charts: China’s residential housing starts continued to fall

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