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Housing
LOW IMPACTCH New Home Prices m/m
Monitor CH New Home Prices m/m to gauge housing market health and investment potential.
Overview
This serves as a key indicator of the housing market's condition, as increasing home prices draw in investors and stimulate industry activity.
Key Information
What it Measures
It reflects the change in selling prices of newly constructed residential properties across 70 medium and large cities.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it typically has a positive impact on the currency.
Source & Frequency
National Bureau of Statistics of China (latest release) - http://www.stats.gov.cn/english/ • Data is released monthly, approximately 15 days following the end of the previous month.
How Data is Derived
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Also Known As
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Acronym
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