China Home Prices Fall Again as Calls Grow for More Action

New-home prices in 70 cities, excluding state-subsidized housing, dropped 0.37% from November, when they slid 0.39%, figures from the National Bureau of Statistics showed on Monday. Resale home values, which are subject to less government intervention, slid 0.7%, the most in 15 months. China’s property downturn has weighed on the economy for more than four years, tipping more cash-strapped builders into distress.