According to the National Bureau of Statistics, in the first five months of this year, the newly constructed area of housing decreased by 22.6% year-on-year, an increase of 1.4 percentage points compared to January April. Real estate development enterprises have a weak willingness to develop new projects; During the same period, driven by the "guaranteed delivery of buildings" policy, the completed area of houses increased by 19.6% year-on-year.

Due to the dual impact of a decrease in the newly constructed area and an increase in the completed area of houses, the current scale of houses under construction has decreased. From January to May, the construction area of houses decreased by 6.2% year-on-year, with an expanded decrease compared to the previous four months. Overall, from January to May, real estate development investment decreased by 7.2% year-on-year, an increase of 1 percentage point compared to January to April.