新屋开工率

高盛（GoldmanSachs）预测，到2015年，新屋开工率将达到每年140万套，高于今年的70万套。

Goldman Sachs expects housing starts to hit 1.4m annually by 2015 , up from 700,000 this year .

在未来一年，投资者应该养成对中国公寓价格和交易量进行仔细研究的习惯，正如他们对美国新屋开工率进行仔细研究一样。中国楼市在价格上行阶段得到的管理就是不规律的。

In the year ahead , investors should get used to studying Chinese apartment prices and transaction volumes as closely as they do housing starts in the US . This market was managed pretty erratically on the upside .

11月的新屋开工率下跌了百分之19，达到1959年以来的最低水平。

New home construction in November fell 19 percent to its lowest level since 1959 .

自2006年初以来，单户住宅的新屋开工率下降了60%，但只是在最近，才降至单户住宅的需求以下。

Single-family housing starts have declined by 60 per cent since early 2006 , but have only recently fallen below single-family home demand .

上周公布的数据显示，根据占地面积计算的新屋开工率在今年头两个月同比下降20%，开发商的土地购置减少了32%。

Data released last week showed that new housing starts , measured by floor space , fell 20 percent in the first two months of the year compared with a year earlier , while new land purchases by developers fell 32 percent .

只有等到今年晚些时候，新屋完工率才会反映出受压抑的新屋开工率，过剩存量的清理速度才会更快。当然，这是在假设当前的住房需求水平能够维持的前提下。

Only later this year will the current suppressed level of housing starts be reflected in completion levels consistent with a rapid rate of liquidation of the inventory glut , and this , of course , assumes that current levels of demand for housing hold up .