First of all, housing prices involve developers, who pursue the difference in profits from land acquisition to land sale and from building to selling. Turn the land bought by the government into real estate and then sell it to buyers to make a profit. The bigger the price difference, the higher the ex-dividend profit, which is the group that people think most about housing prices.
Local governments sell state-owned land to developers at high prices through bidding, and the level of land sales determines the level of housing prices.
Building materials suppliers provide building materials to developers. The price of building materials is related to the level of housing prices. The higher the construction cost of the developer, the higher the house price will be.
A series of personnel costs such as the management, construction and sales of commercial housing also determine the trend of housing prices. The level of all labor costs determines that the profit of house prices must meet the labor costs, on this basis, developers can make money.