China housing Boom Index

"State Housing Prosperity Index" is the abbreviation of the National Real estate development industry comprehensive Prosperity Index. It is a quantitative reflection of the development trend and the change degree of the real estate industry, which is synthesized by 8 classification indices, and is represented by percentile. Among them, the composite index value of 100 is the boom line, more than 100 of the boom space, 100 below the depressed space. Through the evaluation of the space, the fluctuation range and the trend of the boom, we can provide decision-making basis for the national macro-control and provide statistical information for the Society, and guide the healthy and orderly development of China's real estate industry.
"State housing Boom Index" is a comprehensive index that reflects the trend and extent of the real estate market, its data from the National Bureau of Statistics of the real estate statistical agencies to conduct a comprehensive survey, and data can be updated monthly, to ensure that the "National Housing Boom Index" released by the month. At the same time, the "State Housing Prosperity Index" is compiled by the government statistics Department, which is the Government Act of exercising statistical supervision function on behalf of the State, so it has the characteristics of timeliness, comprehensiveness and authority.
The compiling method of the state housing boom Index "is based on the theory of economic cycle fluctuation and the principle of boom index, using the method of synthetic index, from the land, capital and market which must be possessed at the same time in the development of real estate, we should choose three basic conditions, select real estate development investment, source of funds, land transfer income, land development area , completed area, vacant area, the sale price of commercial housing 8 representative statistical indicators for the classification index calculation, and then the March 1995 as the basis of the comparison of the comprehensive Index system. The calculation of "State housing boom Index" is divided into eight parts: one is to determine the index system, the other is to set up the original index database, the third is to eliminate the impact of the dimension, the four is to determine the weight, five is to determine the benchmark comparison period, six is to eliminate the impact of the season, price factors, seven is the establishment of The analysis report of the calculation results of the National housing Boom Index. Through the analysis report can comprehensively reflect the national real estate industry operation of the boom situation, the government can formulate the real estate reform and development policies, the introduction of effective measures to regulate the healthy development of real estate, investors can accept the correct guidance of information, weigh the pros and cons of investment, Dominate their own investment behavior. In this way, the healthy development of the real estate industry has played an information-oriented role.