China’s New Construction Starts Decline for Sixth Consecutive Month in September

For the sixth month in a row, China’s new construction starts declined in September. This is the longest continuous monthly declines since March–August in 2015.

Tighter borrowing regulations have created a cash liquidity problem for developers, and as a result many projects have been paused. Tighter restrictions on speculative purchases have also contributed to the slowdown in housing demand.

According to Reuters calculations based on January-September data released by the National Bureau of Statistics on Monday (10-18-21), new construction starts in September fell -13.54% from a year earlier — the third month of double-digit declines.


FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source:
China's plunging construction starts reminiscent of 2015 downturn