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China May new home prices -0.7% m/m and -3.9% y/y

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.

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