2018 Economic Calendar
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CNHouse Price Index  
Definition
China’s House Price Index measures the average price of newly built homes in 70 Chinese cities. More detailed data is also provided for each of these cities, including separate data for different sized properties. Data for sales price, floor space and amount of money are sourced directly from the network transaction records data of local real estate management departments.

Why Investors Care
Home values affect much in the economy, especially the housing and consumer sectors. Periods of rising home values encourage new construction while periods of soft home prices can damp housing starts. Changes in home values play key roles in consumer spending and in consumer financial health. Rising prices increase consumers' ability to spend, based on wealth effects and from being able to draw upon expanding home equity lines of credit. Looking at the detailed data for each of the 70 cities also provides information on the strength of local property markets, with implications for regional growth rates.

Frequency
Monthly

Source
National Bureau of Statistics

Availability
Around mid-month

Coverage
The previous month

Revisions
No


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