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 homeprice expectations to +5-7% from end 2020■ Reiterate sector Overweight on valuations. Sector top picks: CIT and UOL.

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