National Bureau of Statistics: In January-February, national real estate development investment reached 961.2 billion yuan, down 11.1% year-on-year.

MetaMuskRat · 2026-03-17T00:23:17+00:00

From January to February 2026, national real estate development investment reached 961.2 billion yuan, a year-over-year decline of 11.1%, with the decline rate narrowing. Residential investment was 728.2 billion yuan, down 10.7%. Building construction, newly started, and completed floor area all showed declines of varying degrees.

MetaMuskRat

2026-03-17 00:23:17

Abstract generation in progress

People’s Financial News, March 16 — The National Bureau of Statistics released the basic situation of the national real estate market for January and February 2026. During this period, real estate development investment nationwide was 961.2 billion yuan, down 11.1% year-on-year (comparable basis), narrowing the decline by 6.1 percentage points compared to the previous year. Residential investment was 728.2 billion yuan, down 10.7%, with the decline narrowing by 5.6 percentage points.

From January to February, the construction area of housing by real estate development enterprises was 53,537.2 million square meters, down 11.7% year-on-year. Among them, the residential construction area was 37,134.7 million square meters, down 11.9%. The newly started construction area was 5.084 million square meters, down 23.1%. Of which, the residential new construction area was 3.695 million square meters, down 23.3%. The completed housing area was 6.32 million square meters, down 27.9%. Among them, the residential completed area was 4.625 million square meters, down 26.9%.

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