China Home Prices Rise First Time in 18 Months After Stimulus
- New homes values climbed 0.3% in February after policy easing
- Latest sign that China’s housing slowdown is abating
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China’s home prices rose in February for the first time in 18 months, a sign that government efforts to revive the battered market are starting to pay off.
New home prices in 70 cities, excluding state-subsidized housing, gained 0.3% after being unchanged in January, the National Bureau of Statistics reported Thursday. Prices snapped an 18-month decline in the secondary market, rising 0.12%.