China Home Prices Stabilize After Falling for Seven Months

What’s new: China’s new-home prices were stable in February compared with January, ending seven consecutive months of declines as government measures to shore up the struggling real estate sector showed signs of taking effect.

The average price of new homes in 100 major cities remained unchanged at 16,174 yuan ($2,322) per square meter last month, improving from a 0.02% decline in January, according to data in a March 1 report from China Index Holdings Ltd., a property consultant.