China's Housing Sales Rebound in November

By FeaturesDow Jones Newswires

China's housing sales rebounded in November after a brief slowdown.

Housing sales by value in November rose 12.4% from a year earlier, according to calculations made by The Wall Street Journal based on National Bureau of Statistics data released Thursday. That compared with a 3.4% contraction in October.

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For the first 11 months of the year, housing sales by value rose 9.9% from a year ago, compared with a 9.6% increase in the January through October period.

Property investment, including in commercial and residential real estate, grew 7.5% in the year through November to 10 trillion yuan ($1.5 trillion), compared with a 7.8% increase in the first 10 months of the year.

Construction starts rose 6.9% from a year earlier at 1.6 billion square meters. That compared with 5.6% growth in the year through October.

Write to Dominique Fong at dominique.fong@wsj.com

(END) Dow Jones Newswires

December 13, 2017 21:43 ET (02:43 GMT)