China Galaxy Securities stated that from January to May 2024, the retail sales volume of building and decoration materials fell by 0.4% year-on-year, which decreased from an increase to a decline compared to January to April, due to the pressure of weakened demand for consumption of building materials affected by the year-on-year decline of real estate completion. Against the background of continued favorable policies in real estate, the sales of commodity housing in May improved, which is expected to drive the recovery of demand for consumption of building materials. In addition, this week Beijing further optimized its real estate policies, and the subsequent effects of real estate policies are expected to gradually appear, which will further release demand of consumption of building materials driven by the warming of the real estate market.
中国银河证券：地产政策继续发力，有望带动消费建材需求释放
China Galaxy Securities: Real estate policies continue to exert force, expected to drive the release of consumer building materials demand.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.