Recently, the Department of Circulation Industry Development of the Ministry of Commerce and the China Building Materials Circulation Association jointly released the National Building Materials Household Climate Index (BHI) in July. The data shows that the national building materials home prosperity index (BHI) in July was 112.05, up 2.94 points month on month and down 1.31 points year on year. Sales of building materials and homes above designated size in the country amounted to 111.9 billion yuan in July, an increase of 8.91% from the previous month and a decrease of 0.04% from the same period last year. Cumulative sales from January to July were 631.5 billion yuan, down 5.16% year-on-year.
Qin Zhanxue, executive vice president of China Building Materials Circulation Association, interprets the BHI data from the perspective of experts: July should be the traditional off-season for the sales of building materials and home furnishing market, but this month BHI has surpassed last month, its popularity index, purchasing power index, The sales ability index, employment rate index and occupancy rate index all exceeded June, mainly due to the continuous rise in residential prices that spurred the property to be released early, which led to a small climax of renovation, and the recent central government proposed to maintain real estate. The healthy development of the industry, housing companies are more optimistic about the market outlook, so just need to strengthen the price increase expectations of the property, perhaps with a spurt release.
The data shows that the real estate development climate index in July was 97.39, an increase of 0.1 points from the previous month. From January to July, the sales area of ​​commercial housing was 61.133 million square meters, up 25.8% year-on-year; the sales of commercial housing was 394.9 billion yuan, up 37.8%; at the end of July, the area for sale of commercial housing was 442.74 million square meters, an increase of 5.43 million square meters from the end of June. The above figures also support a small increase in the decoration market. However, it should be noted that this month's BHI's manager confidence index fell by 15.56 points from the previous month. It can be seen that the awareness of corporate crisis in the building materials home market has gradually increased, and local governments have started to play promotional campaigns for the “peak season†in September and October. All enterprises should make good use of this opportunity, work hard from transformation and upgrading, and seize the opportunity brought about by the new urbanization construction.
BHI is the abbreviation of National Building Materials Home Furnishing Index. It is a boom index of a building materials and home terminal store jointly issued by the Circulation Industry Development Department of the Ministry of Commerce and the China Building Materials Circulation Association. It is compiled from relevant data collected from 40,000 building materials and home merchants (shops) from designated collection points in the country. BHI reflects the prosperity and market trend of building materials, home decoration materials, and the comparison with the national real estate development climate index, but also reflects the strength of real estate rigid demand.
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