Chinese Housing Prices in Major Cities Post First Increase in 18 Months

What’s new: China’s housing prices rose in February for the first time in 18 months, adding to signs of improvement in the ailing market as supportive polities start to show effects.

New home prices in 70 major Chinese cities, excluding subsidized housing, rose 0.3% year-on-year after holding unchanged in January, the National Bureau of Statistics (NBS) reported Thursday. Prices of pre-owned homes increased 0.1% in February from a year earlier, NBS data showed.