After several years' rectification, China futures market has improved its trading mechanism and risk management system. The authority of futures trading price has been recognized internationally. Futures trading has begun to play an important role in hedging the price risk of enterprises. Under the guidance of the State Council's Opinions on Promoting the Reform, Opening-up and Stable Development of the Capital Market, the futures market faces good development opportunities. There are more and more varieties of futures, and the trading volume has gone out of the trough. The conditions for developing housing index futures are ripe. It is not difficult to solve the related technical problems such as the compilation of real estate index, trading unit, quotation method and delivery and settlement method in futures contracts as long as the appropriate areas are selected.