China’s house prices are out. They lifted just 0.1% for a second month and 3.8% on the year:
The majority of cities saw stable or falling prices:
Top tier is dead, others are slowing:
Prices are probably not yet slow enough to trigger a building bust they are trending that way and an easing in floor area starts is the base case.
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
Latest posts by David Llewellyn-Smith (see all)
- Facebook lifts Aussie news quality by banning itself - February 18, 2021
- Goldman: Why the US economy won’t overheat - February 18, 2021
- Bank profits boom on impariment write-backs - February 18, 2021
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