“稳投资、控房价”是当前宏观调控的现实要求今年以来,房地产投资增速持续放缓,1～4月增速仅为18.7%,较往年同期平均水平下降约10个百分点;新增投资呈现负增长态势,1～4月份,全国房屋新开工面积同比下降4.2%。当前房地产投资增速下降是趋势性因素和周期性因素综合作用的结果,但如果短期内投资下滑过快,宏观经济平稳运行的难度将会加大。而当期投资显著放缓必将造成后续供给不足,加大未来房地产市场波动风险,因此“稳投资”是当前 “Realistic Investment and House Price ” are the Realistic Requirements of Current Macro-control Since the beginning of this year, the growth rate of real estate investment continued to slow down. The growth rate in January-April was only 18.7%, about 10 percentage points lower than the average level in previous years. Investment by investment showed a negative growth trend. From January to April, the newly started housing area in the country dropped by 4.2% over the same period of previous year. The current decline in real estate investment growth is the result of the combination of the trend factor and the cyclical factor. However, if the investment drops too fast in the short term, it will be more difficult for the macro economy to run smoothly. However, a significant slowdown in current investment will inevitably result in insufficient follow-up supply and increase the risk of future real estate market fluctuations. Therefore, “stable investment” is the current