National Bureau of Statistics: National Real Estate Development Investment Drops by 5.7% from January to February 2023

I. Completion of Investment in Real Estate Development

From January to February, the national investment in real estate development was 1366.9 billion yuan, down 5.7% from the same period last year; of which, the residential investment was 10273 billion yuan, down 4.6%.

From January to February, the housing construction area of real estate development enterprises was 7.52 billion square meters, down 4.4% from the same period last year. Among them, the residential construction area was 5276.95 million square meters, down 4.7%. New housing construction area of 135 million 670 thousand square meters, down 9.4%. Among them, the new residential construction area was 98 million 910 thousand square meters, down 8.7%. The completed housing area was 13178 million square meters, an increase of 8.0%. Among them, the completed residential area was 97.82 million square meters, an increase of 9.7%.

2. Sales and sales of commercial housing

from January to February, the sales area of commercial housing was 15133 10000 square meters, down 3.6% from the same period last year, of which the sales area of residential housing decreased by 0.6%. Commercial housing sales amounted to 1544.9 billion yuan, down 0.1%, of which residential sales increased by 3.5%. At the end of

February, the area of commercial housing for sale was 655.28 million square meters, up 14.9% year-on-year. Among them, the residential area for sale increased by 15.5%.

3. Funds

in place for real estate development enterprises From January to February, the funds in place for real estate development enterprises amounted to 2133.1 billion yuan, down 15.2% from the same period last year. Among them, domestic loans were 348.9 billion yuan, down by 15.0%; foreign capital utilization was 500 million yuan, down by 34.5%; self-raised funds were 634.2 billion yuan, down by 18.2%; deposits and advance receipts were 711.2 billion yuan, down by 11.4%; personal mortgage loans were 349.5 billion yuan, down by 15.3%.

  IV. Prosperity Index

of Real Estate Development In February, the real estate development boom index (referred to as the "national housing boom index") was 94.67.

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1. Explanation

of indicators Investment completed by real estate development enterprises in the current year: refers to the total amount of investment completed during the reporting period for housing construction projects, land development projects, public welfare construction and land purchase fees. The indicator is cumulative data. Sales area of

commodity houses: refers to the total contracted area of newly-built commodity houses sold during the reporting period (i.e. the construction area confirmed in the formal sales contract signed by both parties). The indicator is cumulative data. Sales amount of

commodity house: refers to the total contract price of newly-built commodity houses sold during the reporting period (i.e. the total contract price confirmed in the formal sales contract signed by both parties). This index is the same as the sales area of commercial housing, and it is also a cumulative data. Area of

commodity houses for sale: refers to the construction area of commodity houses that have not been sold or leased in the construction area of commodity houses that have been completed for sale or lease at the end of the reporting period, including the construction area of houses completed in previous years and completed in the current period. However, it does not include the area of houses that cannot be sold or rented, such as demolition and reconstruction, unified construction and agent construction, public supporting buildings, self-use and turnover houses of real estate companies, which have been completed during the reporting period. Funds in place of

real estate development enterprises in the current year: refers to various monetary funds and sources actually used by real estate development enterprises for real estate development during the reporting period. Specifically, it is subdivided into domestic loans, foreign capital utilization, self-financing funds, deposits and advance receipts, personal mortgage loans and other funds. The indicator is cumulative data.

Housing construction area: refers to the total housing construction area of the real estate development enterprise during the reporting period. It includes the area of new construction in the current period, the area of houses that entered the current period to continue construction in the previous period, the area of houses that were suspended in the previous period and resumed in the current period, the area of houses completed in the current period and the area of houses that were suspended after the current period. The construction area of a multi-storey building refers to the sum of the building area of each floor. Area of newly commenced

houses: refers to the area of newly commenced houses of a real estate development enterprise during the reporting period, with the unit project as the accounting object. It does not include the construction area of houses that were started in the previous period and continued to be constructed in the reporting period and the construction area that was suspended in the previous period and resumed in the current period. The commencement of the house shall be subject to the date when the house officially starts to break the ground and dig the trench (foundation treatment or permanent piling). The new construction area of the house refers to the total construction area of the whole house, which can not be calculated separately. Completed

building area: refers to the total building area of each building that has been completed in accordance with the design requirements during the reporting period, meets the living and use conditions, passes the acceptance appraisal or meets the completion acceptance standards, and can be formally handed over for use.

2. All real estate development and operation legal entities with development and operation activities within the scope of statistics

.

3. The survey method

is to conduct a comprehensive survey on a monthly basis (except January).

4. Brief description of

the National Real Estate Development Boom Index The National Real Estate Development Boom Index (hereinafter referred to as the "National Housing Boom Index") follows the theory of economic cycle fluctuation, is based on the theory of boom cycle and the method of boom cycle analysis, and uses time series, multivariate statistics and econometric analysis methods. Taking the real estate development investment as the benchmark index, this paper selects the relevant indicators of real estate investment, funds, area and sales, excludes the impact of seasonal factors, includes random factors, and compiles them by using the growth rate cycle method, and revises the historical data monthly according to the new data. The housing boom index chose 2012 as the base year and set its growth level at 100. Usually, the housing boom index of 100 points is the most appropriate level of prosperity, 95 to 105 points for the moderate level of prosperity, 95 for the lower level of prosperity, 105 for the higher level of prosperity.

5. The eastern

region includes Beijing, Tianjin, Hebei, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong and Hainan. The central region includes Shanxi, Anhui, Jiangxi, Henan, Hubei and Hunan; The western region includes 12 provinces (cities and autonomous regions) of Inner Mongolia, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Xizang, Shaanxi, Gansu, Qinghai, Ningxia and Xinjiang; the northeast region includes 3 provinces of Liaoning, Jilin and Heilongjiang.