China’s new home prices
rose for the fifth straight month in May. Data via Reuters calculations based on National Bureau of Statistics (NBS) data.
- At +0.1% m/m they slowed the pace from the previous month’s +0.4%
For the y/y, +0.1%. This is the first y/y rise since April of 2022.
- prior -0.2% in April
Not out of the woods yet though: