Brisk home sales in July
■ July home sales were up 46.7% yoy and +82.2% mom to 1,589 units.
■ We raise our 2021F homes sales projection to 11k-12k and lift our home
price expectations to +5-7% from end 2020
■ Reiterate sector Overweight on valuations. Sector top picks: CIT and UOL.