Pursuits
China Home Price Gains Cool as Smaller Cities Impose Curbs
- New-home prices gained in 55 cities in June versus 60 in May
- June home sales increase is the slowest pace so far in 2016
What China's Home-Price Gains Tell Us About the Economy
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China’s home-price gains tapered off last month, as second-tier cities joined some of the nation’s largest hubs in imposing housing curbs to cool surging prices.
New-home prices excluding government-subsidized housing climbed in 55 cities in June, down from 60 in May, among the 70 tracked, the National Bureau of Statistics said Monday. Prices dropped in 10 cities, compared with four a month earlier. They were unchanged in five cities in June.