金吾财讯 | 华泰证券认为，总量角度，我国新房市场仍面临一定的库存去化压力，但得益于土地供应的缩量提质，以及“好房子”政策推动住房规范修订升级，重点城市核心区去化周期相对可控。未来随着新规产品占比的进一步提升，重点城市核心区去化周期或将逐步改善、房价有望稳中有升，老库存压力较小的城市房价弹性或将更强。当前仍在土地市场积极拿地的头部房企，拿地结构已高度聚焦重点城市核心区域，产品力亦在迭代升级。若重点城市核心区域的新规产品率先迎来复苏，也有望带动头部房企报表端的率先改善。
该机构与市场观点不同之处在于，市场普遍对于全国新房库存去化较为悲观。该机构则给出新的角度，指出重点城市核心区去化周期相对可控，新规产品占比提升有望降低核心区去化周期，这意味着新房库存难题并非无解，结构性复苏或已在路上。
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