COMPREHENSIVE ASSESSMENT OF CHINA'S REAL ESTATE DEVELOPMENT:A RESEARCH BASED ON THE DYNAMIC FACTOR ANALYSIS
基于2005-2009年中国31个省份面板数据，用动态因子分析从开发与销售角度综合评价房地产开发水平，发现全国开发水平上升，北京最高，经济发达沿海省份排名靠前，西部相对落后，呈现区域特征。
China's real estate industry plays an important role in economic development.This paper is based onthe panel data of our country's 31 provinces from 2005 to 2009,using dynamic factor analysis to comprehensiveevaluate the level of real estate development that focus from development and sale.The results indicate that fromthe dynamic point of view,the national real estate development is rise.The horizontal comparison,Beijing has thehighest level of integrated real estate development.Some economically developed regions and the relatively highranking of integrated coastal provinces,such as Tianjin,Guangdong,Fujian and so on.The relatively backwardwestern regions,indicating that there is a certain regional characteristics in the development of real estate.In aword,real estate development in all regions of the state generally performed as normal,the industry developmenttrend is good.