According to gtja research reports, during this round of policies, especially in June, the sales volume of new homes among the top 50 real estate developers and the sales of second-hand homes in key cities have both shown significant increase, indicating that the market demand still exists. More attention is paid to new homes, because on the inventory side, the sales of new homes are directly linked to the inventory size. On the real estate enterprise side, the sales of new homes are linked to the enterprises' land acquisition, construction and other behaviors, as well as related to the clearing of enterprises, so tracking new home sales is more helpful in grasping the industry cycle.