板块表现： 6 月，房地产（申万）板块单月涨幅0.90%，跑输上证综指1.86pcts，跑输沪深300 指数4.49pcts，涨幅在28 个一级行业中排名第17 位。子板块中，房地产开发板块单月涨幅1.12%，园区开发板块单月涨幅-1.80%，拖累指数。

1 行情回顾 .................................................................................................................. 3

2 行业数据 .................................................................................................................. 4

2.1 价格指数延续平稳态势 ....................................................................................................................... 4

2.2 一线城市商品房成交增长稳定 .......................................................................................................... 5

2.3 土地市场降温中一二线土地韧性显现............................................................................................. 6

3 行业动态 .................................................................................................................. 8

3.1 部分房企上半年销售业绩亮眼 .......................................................................................................... 8

3.2 房企拿地态度整体谨慎 ....................................................................................................................... 9

3.3 6 月房企融资活动降温延续............................................................................................................... 10

3.4 行业事件 ................................................................................................................................................ 10

3.4.1 监管部门约谈信托，调控房地产信托业务........................................................................... 10

3.4.2 东莞土地政策收紧 ....................................................................................................................... 11

3.4.3 西安限购升级 ................................................................................................................................ 11

4 投资建议 ................................................................................................................ 12