{
  "metadata": {
    "dataset": "Four-city NBS new and resale housing price indices, May–July 2026",
    "schema_version": 1,
    "retrieved_date": "2026-09-14",
    "source_html_sha256": {
      "2026-05": "81f9fd343beb9e644d2ff9367c0abb0dc0268d07524fcd02f0d8ebdca2985daa",
      "2026-06": "36915071407e02feae5ce7548d3567780156ecf70862c7c05163fd7daa593b4f",
      "2026-07": "ef6239424d8cb0a6d864b25a9ee6f2f7f50e2f78353babf931fd9c0901614c33"
    },
    "scope": "Four named cities, two market types, three reference months. Not the complete 70-city dataset.",
    "calculation": "year-on-year percent = Y/Y index - 100; gap_pp = new YoY percent - resale YoY percent",
    "interpretation": "A gap in growth rates, not a price-level premium, sales volume or household wealth estimate",
    "editorial_status": "AI-assisted preparation; human editorial review not recorded",
    "fields": {
      "period": "Reference month, YYYY-MM; not publication or collection date",
      "city": "One of four selected cities; not a regional or national aggregate",
      "market": "new = newly built commercial residential homes; resale = second-hand residential homes",
      "mom_index": "NBS index, previous month = 100",
      "yoy_index": "NBS index, same month one year earlier = 100",
      "mom_percent": "mom_index minus 100, in percent",
      "yoy_percent": "yoy_index minus 100, in percent",
      "source": "Publishing institution",
      "source_table": "Table I for new homes; table II for resale homes",
      "published_date": "Date displayed on the publisher's English release page",
      "retrieved_date": "Date this investigation retrieved the source page",
      "source_url": "Exact NBS release containing the numeric observation"
    }
  },
  "rows": [
    {
      "period": "2026-05",
      "city": "Beijing",
      "market": "new",
      "mom_index": 99.8,
      "yoy_index": 97.9,
      "mom_percent": -0.2,
      "yoy_percent": -2.1,
      "source": "National Bureau of Statistics of China",
      "source_table": "I",
      "published_date": "2026-06-16",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202606/t20260616_1963956.html"
    },
    {
      "period": "2026-05",
      "city": "Shanghai",
      "market": "new",
      "mom_index": 100.2,
      "yoy_index": 103.2,
      "mom_percent": 0.2,
      "yoy_percent": 3.2,
      "source": "National Bureau of Statistics of China",
      "source_table": "I",
      "published_date": "2026-06-16",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202606/t20260616_1963956.html"
    },
    {
      "period": "2026-05",
      "city": "Guangzhou",
      "market": "new",
      "mom_index": 100.2,
      "yoy_index": 96.7,
      "mom_percent": 0.2,
      "yoy_percent": -3.3,
      "source": "National Bureau of Statistics of China",
      "source_table": "I",
      "published_date": "2026-06-16",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202606/t20260616_1963956.html"
    },
    {
      "period": "2026-05",
      "city": "Shenzhen",
      "market": "new",
      "mom_index": 100.4,
      "yoy_index": 95.5,
      "mom_percent": 0.4,
      "yoy_percent": -4.5,
      "source": "National Bureau of Statistics of China",
      "source_table": "I",
      "published_date": "2026-06-16",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202606/t20260616_1963956.html"
    },
    {
      "period": "2026-05",
      "city": "Beijing",
      "market": "resale",
      "mom_index": 100.1,
      "yoy_index": 93.5,
      "mom_percent": 0.1,
      "yoy_percent": -6.5,
      "source": "National Bureau of Statistics of China",
      "source_table": "II",
      "published_date": "2026-06-16",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202606/t20260616_1963956.html"
    },
    {
      "period": "2026-05",
      "city": "Shanghai",
      "market": "resale",
      "mom_index": 100.6,
      "yoy_index": 95.7,
      "mom_percent": 0.6,
      "yoy_percent": -4.3,
      "source": "National Bureau of Statistics of China",
      "source_table": "II",
      "published_date": "2026-06-16",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202606/t20260616_1963956.html"
    },
    {
      "period": "2026-05",
      "city": "Guangzhou",
      "market": "resale",
      "mom_index": 100.1,
      "yoy_index": 93.0,
      "mom_percent": 0.1,
      "yoy_percent": -7.0,
      "source": "National Bureau of Statistics of China",
      "source_table": "II",
      "published_date": "2026-06-16",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202606/t20260616_1963956.html"
    },
    {
      "period": "2026-05",
      "city": "Shenzhen",
      "market": "resale",
      "mom_index": 100.6,
      "yoy_index": 94.5,
      "mom_percent": 0.6,
      "yoy_percent": -5.5,
      "source": "National Bureau of Statistics of China",
      "source_table": "II",
      "published_date": "2026-06-16",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202606/t20260616_1963956.html"
    },
    {
      "period": "2026-06",
      "city": "Beijing",
      "market": "new",
      "mom_index": 99.7,
      "yoy_index": 97.9,
      "mom_percent": -0.3,
      "yoy_percent": -2.1,
      "source": "National Bureau of Statistics of China",
      "source_table": "I",
      "published_date": "2026-07-16",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202607/t20260716_1964150.html"
    },
    {
      "period": "2026-06",
      "city": "Shanghai",
      "market": "new",
      "mom_index": 100.3,
      "yoy_index": 103.1,
      "mom_percent": 0.3,
      "yoy_percent": 3.1,
      "source": "National Bureau of Statistics of China",
      "source_table": "I",
      "published_date": "2026-07-16",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202607/t20260716_1964150.html"
    },
    {
      "period": "2026-06",
      "city": "Guangzhou",
      "market": "new",
      "mom_index": 100.2,
      "yoy_index": 97.4,
      "mom_percent": 0.2,
      "yoy_percent": -2.6,
      "source": "National Bureau of Statistics of China",
      "source_table": "I",
      "published_date": "2026-07-16",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202607/t20260716_1964150.html"
    },
    {
      "period": "2026-06",
      "city": "Shenzhen",
      "market": "new",
      "mom_index": 100.3,
      "yoy_index": 96.4,
      "mom_percent": 0.3,
      "yoy_percent": -3.6,
      "source": "National Bureau of Statistics of China",
      "source_table": "I",
      "published_date": "2026-07-16",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202607/t20260716_1964150.html"
    },
    {
      "period": "2026-06",
      "city": "Beijing",
      "market": "resale",
      "mom_index": 100.1,
      "yoy_index": 94.5,
      "mom_percent": 0.1,
      "yoy_percent": -5.5,
      "source": "National Bureau of Statistics of China",
      "source_table": "II",
      "published_date": "2026-07-16",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202607/t20260716_1964150.html"
    },
    {
      "period": "2026-06",
      "city": "Shanghai",
      "market": "resale",
      "mom_index": 100.4,
      "yoy_index": 96.8,
      "mom_percent": 0.4,
      "yoy_percent": -3.2,
      "source": "National Bureau of Statistics of China",
      "source_table": "II",
      "published_date": "2026-07-16",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202607/t20260716_1964150.html"
    },
    {
      "period": "2026-06",
      "city": "Guangzhou",
      "market": "resale",
      "mom_index": 100.4,
      "yoy_index": 93.9,
      "mom_percent": 0.4,
      "yoy_percent": -6.1,
      "source": "National Bureau of Statistics of China",
      "source_table": "II",
      "published_date": "2026-07-16",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202607/t20260716_1964150.html"
    },
    {
      "period": "2026-06",
      "city": "Shenzhen",
      "market": "resale",
      "mom_index": 100.3,
      "yoy_index": 95.3,
      "mom_percent": 0.3,
      "yoy_percent": -4.7,
      "source": "National Bureau of Statistics of China",
      "source_table": "II",
      "published_date": "2026-07-16",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202607/t20260716_1964150.html"
    },
    {
      "period": "2026-07",
      "city": "Beijing",
      "market": "new",
      "mom_index": 99.7,
      "yoy_index": 97.7,
      "mom_percent": -0.3,
      "yoy_percent": -2.3,
      "source": "National Bureau of Statistics of China",
      "source_table": "I",
      "published_date": "2026-08-17",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202608/t20260817_1965061.html"
    },
    {
      "period": "2026-07",
      "city": "Shanghai",
      "market": "new",
      "mom_index": 100.2,
      "yoy_index": 103.0,
      "mom_percent": 0.2,
      "yoy_percent": 3.0,
      "source": "National Bureau of Statistics of China",
      "source_table": "I",
      "published_date": "2026-08-17",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202608/t20260817_1965061.html"
    },
    {
      "period": "2026-07",
      "city": "Guangzhou",
      "market": "new",
      "mom_index": 100.1,
      "yoy_index": 97.8,
      "mom_percent": 0.1,
      "yoy_percent": -2.2,
      "source": "National Bureau of Statistics of China",
      "source_table": "I",
      "published_date": "2026-08-17",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202608/t20260817_1965061.html"
    },
    {
      "period": "2026-07",
      "city": "Shenzhen",
      "market": "new",
      "mom_index": 100.2,
      "yoy_index": 97.1,
      "mom_percent": 0.2,
      "yoy_percent": -2.9,
      "source": "National Bureau of Statistics of China",
      "source_table": "I",
      "published_date": "2026-08-17",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202608/t20260817_1965061.html"
    },
    {
      "period": "2026-07",
      "city": "Beijing",
      "market": "resale",
      "mom_index": 100.0,
      "yoy_index": 95.5,
      "mom_percent": 0.0,
      "yoy_percent": -4.5,
      "source": "National Bureau of Statistics of China",
      "source_table": "II",
      "published_date": "2026-08-17",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202608/t20260817_1965061.html"
    },
    {
      "period": "2026-07",
      "city": "Shanghai",
      "market": "resale",
      "mom_index": 100.3,
      "yoy_index": 98.0,
      "mom_percent": 0.3,
      "yoy_percent": -2.0,
      "source": "National Bureau of Statistics of China",
      "source_table": "II",
      "published_date": "2026-08-17",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202608/t20260817_1965061.html"
    },
    {
      "period": "2026-07",
      "city": "Guangzhou",
      "market": "resale",
      "mom_index": 100.4,
      "yoy_index": 95.3,
      "mom_percent": 0.4,
      "yoy_percent": -4.7,
      "source": "National Bureau of Statistics of China",
      "source_table": "II",
      "published_date": "2026-08-17",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202608/t20260817_1965061.html"
    },
    {
      "period": "2026-07",
      "city": "Shenzhen",
      "market": "resale",
      "mom_index": 100.2,
      "yoy_index": 96.4,
      "mom_percent": 0.2,
      "yoy_percent": -3.6,
      "source": "National Bureau of Statistics of China",
      "source_table": "II",
      "published_date": "2026-08-17",
      "retrieved_date": "2026-09-14",
      "source_url": "https://www.stats.gov.cn/english/PressRelease/202608/t20260817_1965061.html"
    }
  ]
}