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Jing Guangjun, Chairman, Guangzhou Industrial Investment Holdings GroupLiu Libin, Deputy General Manager, Guangdong Guangxin Holdings Group Shen Minggao, Chief Global Economist, Dean, Industrial Research Institute, Gf Securities. Wilson Pang, Head Of Kpmg China Gba Strategy & Development Office, Kpmg Moderated By Wang Fang, Fortune China

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But de AmandineLefebvre- Team 1 from amandine revol kpmg

But de AmandineLefebvre- Team 1

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US Housing Market , Sees Sales of New Homes , Plummet in Several States.<br/>'Newsweek' reports that sales of new homes <br/>across the Northeast and Midwest plummeted <br/>in February, dragging the overall housing <br/>market down across the country.<br/>The news comes at a time when elevated <br/>mortgage rates have already dissuaded <br/>many buyers from purchasing property.<br/>In the Northeast, sales of single-family <br/>homes dropped 31.5%, while the Midwest <br/>saw a more modest decline of 2.4%. .<br/>Sales in the South and West saw <br/>positive increases, with 3.7% and 2.3%, <br/>respectively for the month.<br/>Sales in the South and West saw <br/>positive increases, with 3.7% and 2.3%, <br/>respectively for the month.<br/>According to analysts, <br/>the disappointing numbers <br/>are the result of high mortgage rates.<br/>Rising mortgage <br/>rates subdued <br/>activity in February, Yelena Maleyev, senior economist for KPMG, via 'Newsweek'.<br/>As a result of high mortgage rates, homebuyers <br/>remain reluctant despite lower prices, which <br/>dropped to their lowest level since June 2021. .<br/>As a result of high mortgage rates, homebuyers <br/>remain reluctant despite lower prices, which <br/>dropped to their lowest level since June 2021. .<br/>According to government data, the median <br/>sale price for a single-family home fell by <br/>over $14,000 to reach around $400,000. .<br/>Sales were spurred by a rise <br/>in inventory, as 1.07 million <br/>homes were available for sale <br/>at the end of the month, Yelena Maleyev, senior economist for KPMG, via 'Newsweek'.<br/>The rise in inventories was not <br/>enough to offset the upward <br/>pressure on existing home values; <br/>the median sales price rose <br/>to $384,500, the highest <br/>since November 2023, Yelena Maleyev, senior economist for KPMG, via 'Newsweek'

US Housing Market Sees Sales of New Homes Plummet in Several States

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But de AmandineLefebvre- Team 1 from amandine revol kpmg

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