NEW from REF: WEEKLY Property Sales Analysis

China property (new homes) sales volumes continue to cool down in major cities in July, down around -16% year-to-date y/y for our 20 cities sample for the week ending July 16, esp. those subject to home purchase restrictions and policy tightening. That’s in contrast to the strong growth in June at a national level (+13.5% year-to-date y/y), plus the dynamics vary widely by city… Through a mix of some old fashioned data analysis, innovative automation and data from our data partner, we are now live with the higher-frequency Real Estate Foresight Weekly Property Sales Monitor for around 20 cities in China.