Apr
25
The Jump in China’s Housing Starts Could Be a Huge Head Fake
ByLocal governments may be hitting up developers for revenues, Macquarie says.
At first glance, it makes perfect sense: Chinese property sales surged in March, and new housing developments rose in tandem with resale activity.
But a peek under the hood from Macquarie Capital Ltd. analysts led by Ian Roper suggests there’s reason to be skeptical about China’s presumptive rebound in residential investment…
The Jump in China’s Housing Starts Could Be a Huge Head Fake