China Home Prices in January Rose On-Month in 52 of 70 Cities

Home prices in China in January held about steady from the month before while property controls dampened demand.

The average price of new homes in 70 cities fell 0.06% in January from December, excluding government-subsidized housing, according to calculations from The Wall Street Journal based on data released Saturday by the National Bureau of Statistics. That compared with a 0.5% on-month gain in December.

Compared with the same period a year earlier, average new-home prices increased 5.4% in January, slowing from a 5.8% increase in December.

New-home prices rose in 52 of 70 cities in January from a month earlier, compared with 57 in December. Prices of new homes increased in 59 of 70 cities in January from a year earlier, compared with 61 in December.
Source: Dow Jones