房地产1-11月月报:投资和销售两端再走弱 政府定调着力稳定房地产

申万宏源研究
Dec 16

投资端:投资低位进一步走弱,开工、竣工降幅保持低位。从2025 年1-11 月累计来看,投资同比-15.9%,较前值-1.2pct;新开工同比-20.5%,较前值-0.7pct;施工同比-9.6%,较前值-0.2pct;竣工同比-18%,较前值-1.1pct。11 月单月来看,投资同比-30.3%,较前值-7.3pct;开工同比-27.6%,较前值+1.9pct;竣工同比-25.5%,较前值+...

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