2 月百强房企销售金额同比大幅提升，主要受去年同期新冠疫情使供应停摆导致的低基数以及热门城市市场热度延续的影响。根据克而瑞公布的百强房企销售榜单， 2 月百强房企实现全口径销售金额约8670 亿元，较去年同期增长166.3%，2 月销售同比大幅度提升也体现在各梯队房企表现上，除Top3 梯队房企增速较小外，其余梯队均大幅增长。

1. 销售篇........................................................................................................................................... 1

1.1 百强房企2 月销售同比大幅提升............................................................................................................. 1

1.2 各梯队销售门槛均有所提升，Top100 门槛提升幅度较大...................................................... 2

1.3 月度超百亿房企数高于历年同期............................................................................................................ 2

1.4 重点城市2 月市场成交增速大幅提升.................................................................................................... 4

2. 融资篇.................................................................................................................................................. 6

2.1 股权融资：港股股权融资规模持续回落................................................................................................. 6

2.2 债券融资：境内外债务融资规模大幅下降，境内债利率整体上行..................................... 6

2.3 信托融资：规模压降仍在继续.............................................................................................................. 13

2.4 主流房企融资成本：年初行业整体融资成本边际抬升，市场分化加剧............................... 15

3. 投资建议：看好地产板块的持续性行情和物管板块的年报行情............................... 16