China May new home prices
-0.71% m/m
prior -0.58
-3.9% y/y
prior -3.1%
Used home prices -1.0% m/m
prior -0.94%
more to come
No recovery yet for house prices in China. Efforts to bolster the sector are continuing, the next opportunity seems to be coming up in July:
China may introduce additional measures to boost housing market in Third Plenary Sessions
This article was written by Eamonn Sheridan at www.forexlive.com.
