The Zhitong Finance App learned that on August 25, the China Index Research Institute released the July 2026 Real Estate Home Furnishing Hardcover Market Report. From January to July 2026, the number of newly renovated properties opened in key cities was 346, a year-on-year decrease of 30.1%; the number of renovated housing units was 198,000, a sharp decrease of 33.8% over the previous year. Among them, the number of units opened in July was 46, down 14.8% year on year and 29.2% month on month; the number of renovated housing units was 26,900, down 8.5% year on year. The average hardcover rate was 25.5%, down 1.94 percentage points from the same period last year.
Opening: In January-July, the volume of hardcover sales decreased by 33.7% year on year, and the hardcover rate decreased slightly year on year
Opening: January-July hardcover sales fell sharply by 33.7% year on year, and July opening volume declined year-on-month
According to China Index Data Home Edition monitoring, from January to July 2026, the number of newly renovated properties opened in key cities was 346, a year-on-year decrease of 30.1%; the number of refined housing units was 198,000, a sharp decrease of 33.8% over the previous year. Among them, the number of units opened in July was 46, down 14.8% year on year and 29.2% month on month; the number of renovated housing units was 26,900, down 8.5% year on year.
Data source: China Index Data CREIS Home Edition
Second-tier cities account for the largest share of refined housing, accounting for 45%; in terms of regional distribution, they are mainly concentrated in South China and East China regions, accounting for 37.8% and 27.4%, respectively.
Data source: China Index Data CREIS Home Edition
Looking at the distribution of specific cities, Shenzhen sold the most hardcover units in January-July, reaching 19,400 units. This was followed by Chengdu and Beijing, which both sold more than 16,000 hardcover units. The average number of hardcover units in the top 10 cities is 12,119.
Table: Top 10 cities with hardcover sales volume from January to July 2026
Data source: Middle Index Data CREIS
Looking at the price segment distribution, the 20,000 to 30,000 yuan price segment accounted for the highest share, accounting for 21.27%, down 0.5 percentage points from the previous month; followed by 50,000 yuan or more and 20,000 yuan, accounting for 20.61% and 18.56% respectively, down 1.3 percentage points from the previous month; most of the decoration standards were mid-range decoration, accounting for 64.7%, down 0.59 percentage points from the previous month.
Data source: China Index Data CREIS Home Edition
The average hardcover rate for residential hardcover properties in January-July was 25.5%, a slight decrease of 1.94 percentage points over the previous year
From January to July 2026, the average hardcover rate for residential refurbished properties in key cities was 25.5%, down 1.94 percentage points from the same period last year. Among them, the average hardcover rates for first-tier cities, second-tier cities, and third-tier and fourth-tier cities were 90.6%, 33.4%, and 12.4%, respectively, up 0.25 from the same period last year, down 3.05, and down 1.69 percentage points. South China has the highest average hardcover rate of 49.5%.
Data source: China Index Data CREIS Home Edition
From January to July 2026, enterprises such as Pudong Development Group, Xiangyu Real Estate, and China Construction First Administration had the highest opening rate of commercial residential properties, all reaching 100%; Poly Development had the highest number of refurbished properties, reaching 12,539 units, followed by China Resources Land and China Jinmao, with 6,780 units and 6,338 units respectively.
Data source: China Index Data CREIS Home Edition
Hardcover parts: the overall supporting scale decreased by 33% year-on-year, and the average supporting rate of key enterprises reached 50.7%
From January to July 2026, the overall supporting scale of the seven major household components dropped sharply by 33.3% year-on-year. Among them, the highest supporting volume was building materials parts, which reached 4.341 million sets, a year-on-year decrease of 34.1%; judging from the support rate situation, building materials parts had the highest support rate, reaching 99.3%, followed by bathroom parts, with a support rate of 92.1%; comfort systems and smart homes had a lower supporting rate of 31.9% and 32%, respectively.
Data source: China Index Data CREIS Home Edition
From January to July 2026, most of the market size of various types of decoration parts declined year-on-year. With the exception of air conditioners and fresh air systems, which increased by 14.1% and 27.1%, respectively, the supply of components such as dishwashers and water purifiers decreased slightly by 12.5% and 22.3% year over year, respectively; the scale of components such as disinfectants, shower screens, video intercoms, and smart switches dropped sharply year on year, all by more than 50%.
Data source: China Index Data CREIS Home Edition
The supporting rate of fresh air systems, intelligent systems, etc. increased dramatically by more than 10 percentage points, and the supporting rate of lamps and latex paint increased slightly
From January to July 2026, the supporting rate of dishwashers, electric ovens, bathtubs, ventilation systems, air conditioners, and intelligent systems all increased dramatically by more than 10 percentage points; the supporting rate for components such as lamps, latex paint, and water purifiers increased slightly; and the supporting rate for a few components, including video intercoms and shower screens, dropped by more than 10 percentage points.
Data source: China Index Data CREIS Home Edition
Poly develops the largest support scale for hardcover parts, with an average support rate of 50.7% for key monitoring companies
Looking at the parts support situation of development companies, from January to July 2026, Poly Development had the highest supporting volume of hardcover parts, with 41,000 sets, followed by Zhonghai Real Estate and China Resources Land, with a supporting volume of over 26,000 units; judging from the supporting rate, the average supporting rate of key enterprises monitored was 50.7%. Among them, the highest supporting rate was Xiangyu Real Estate, which reached 71.9%, followed by Pudong Development Group and China Construction Third Bureau, with a supporting rate of 70.8%.
Data source: China Index Data CREIS Home Edition