What are the real estate transaction indicators?

Indicators that reflect and describe the real estate market include supply indicators, demand indicators and market transaction indicators.

Supply index

1. Stock (St) refers to the total occupied and vacant real estate area at the end of the reporting period (such as t years or half a year, quarter and month, the same below), and the unit is the construction area or the number of units; Numerically, inventory in the reporting period = inventory in the previous period+newly completed quantity in the reporting period-loss in the reporting period (ST = ST-1+NCT-δ t); Statistics can be made by property type.

2.NewCompletions (NCt) refers to the number of newly completed houses in the reporting period, and the unit is the construction area or the number of units, which can be counted separately according to the property type. The statistical index of China's completion quantity is the completed area, which refers to the sum of the construction area of each house that has been completed according to the design requirements, reached the living conditions, passed the acceptance (or reached the completion acceptance standard) and can be officially delivered for use during the reporting period.

3. Loss (Δ T) refers to the loss of housing stock caused by various reasons (damage, demolition, etc.). ) During the reporting period.

4. Vacancy rate (VCt) refers to the unoccupied part of the housing stock at the end of the reporting period, which can be separately counted according to the type of real estate. The current vacancy statistics in China are incomplete, which refers to "unsold commercial housing construction area among the completed commercial housing construction areas available for sale or lease at the end of the reporting period, including the housing areas completed in previous years and this period, but excluding the unsold or leased housing areas such as demolition and reconstruction, unified construction and agent construction, public supporting buildings, real estate enterprises' self-use and revolving houses completed during the reporting period".

5. Vacancy rate (VRt) refers to the ratio of vacant houses at the end of the reporting period to the housing stock in the same period, VRT = VCT/ST. In practical application, statistics can be made according to the types and vacant characteristics of houses, including the vacancy rates of different types of houses, newly completed houses, rented houses and occupied houses.

6. Houses for sale/rental (HSRt) refers to the number of houses available for sale or rental during the reporting period, and the unit is the construction area or the number of units. Available for rent and sale = available for rent and sale in the previous period-absorbed amount in the previous period+newly completed amount in the current period (hsrt = hsrt-1-AVT-1+NCT); In the actual statistical process, statistics can be made according to sales or rental, existing houses and new houses, and different property types. Because not all vacant houses are waiting for sale or lease, the vacant amount at a certain point is usually greater than the amount available for rent and sale at that point.

7. Houses under construction (BUCt,) refers to the total construction area of houses under construction during the reporting period. Including the newly started area in this period, the housing area that started last year and continued to be built in this period, and the housing area that was stopped in the previous period and resumed in this period. The housing area completed in this period and postponed after this period is still included in the construction area, and the sum of the construction areas of each floor should be filled in for multi-storey buildings.

8. The number of starts (CSt) refers to the newly started housing area during the reporting period. It does not include the housing area that continued to be built during the cross-person reporting period in the previous period and the housing area that stopped construction in the previous period and resumed construction in the current period. Housing construction shall be subject to the date when the house officially starts to break ground and ditch (foundation treatment or permanent piling).

9. The average construction period (CPt) refers to the length of time taken by a certain type of real estate development project from commencement to completion and delivery. Numerically, the average construction period = building area/newly completed area (CPT = buct/NCT).

10. Building completion value (VBCt) refers to the building value of houses completed during the reporting period.

(2) Demand indicators

1. gross domestic product (GDP): it is the final result of the production activities of all permanent units in a country (or region) at market prices in a certain period of time. There are three forms of GDP, namely, value form, income form and product form.

The three methods reflect GDP and its composition from different aspects.

2. Population refers to the total number of individuals with life in a certain period of time and in a certain area, including permanent population and existing population.

3. Urban family population refers to family members who live together economically. The income and expenses of all members counted as family population are included in this family.

4. The number of employed people refers to the number of people who have engaged in certain social labor and obtained labor remuneration or operating income.

5. Employment distribution. Refers to the distribution of employed persons classified by industry or occupation.

6. The registered unemployment rate in cities and towns refers to the ratio of registered unemployed persons in cities and towns to employed persons in urban units (excluding rural labor force, employed retirees, Hong Kong, Macao and Taiwan and foreigners), laid-off workers in urban units, private owners and self-employed persons in cities and towns, private enterprises and self-employed persons in cities and towns, and registered unemployed persons in cities and towns.

7. Urban household disposable income refers to the sum of family members' final consumption expenditure, other non-mandatory expenditure and savings, that is, household disposable income. It is the income after deducting the income tax paid, social security expenses paid by individuals and accounting subsidies from the total family income.

8. The total expenditure of urban households refers to all household expenditures except borrowing expenditure, including consumption expenditure, house purchase expenditure, transfer expenditure, property expenditure and social security expenditure.

9. The number of rooms refers to the number of rooms in use divided by user type.

10. Commodity retail price index is a relative number reflecting the trend and degree of urban and rural retail price changes in a certain period.

1 1. urban consumer price index is a relative number that reflects the trend and degree of price changes of consumer goods and services purchased by urban households in a certain period.

(3) Market trading indicators

1.HousesSold (HSt) refers to the number of houses sold during the reporting period, and the unit is the building area or the number of units. In the process of statistics, statistics can be made according to the type of real estate, existing houses and new houses. The actual sales area used in China's real estate development statistics refers to the area of commercial housing that has been officially delivered to the purchaser or has signed a (formal) sales contract among the completed housing areas during the reporting period. It does not include the area of commercial housing under construction with pre-sale contracts, but includes the area of commercial housing with pre-sale contracts signed before or during the reporting period and completed during the reporting period.

2. Rental housing (HRt) refers to the number of rented houses in the reporting period, and the unit is the building area or the number of units.

3. Absorptive volume (AVT) refers to the sum of the number of houses sold and rented during the reporting period (AVT = HST+HRT), and the unit is the construction area or the number of units. In the actual statistical process, statistics can be made according to sales or rental, existing houses and new houses, and different property types.

4. The absorption rate (ARt) refers to the ratio of the absorption amount in the reporting period to the rental amount and sales volume in the same period (art = AVT/HSRT), expressed as a percentage, including quarterly absorption rate and annual absorption rate.

5. The absorption cycle (APt) refers to the time (APT = HSRT/AVT) required for the available rental volume and sales volume to be fully absorbed by the market according to the absorption speed (absorption amount per unit time) in the reporting period, and the unit is year, quarter or month, which is equal to the reciprocal of the absorption speed in value.

6. Pre-sale area refers to the area of commercial housing under construction that has not been completed and delivered at the end of the reporting period, but has signed a pre-sale contract.

7. The real estate price index is a relative number that reflects the trend and degree of real estate price changes in a certain period, including the housing sales price index, the housing rental price index and the land transaction price index. The ideal price index should be based on the price index of homogeneous property. At present, all kinds of real estate price indexes in China are usually based on the average price.

8. Real estate price refers to the price level of the real estate market during the reporting period, usually expressed by the median price of different types of houses. The existing statistics of real estate prices in China are based on the statistics of average prices of various properties.

9. Real estate rent refers to the rent level of the real estate market during the reporting period, which is usually expressed by the median rent of different types of houses. China's existing real estate rent statistics are based on the average rent of various properties.