The National Building Materials Household Climate Index (BHI), jointly issued by the Circulation Department of the Ministry of Commerce and the China Building Materials Circulation Association, rose to 130.29 in October, up 9.47% from the previous month and up 7.52% year-on-year. This is the second highest peak since the release of the prosperity index in March 2010, second only to 134.9 in May 2010. Since the beginning of this year, the entire building materials and home furnishing industry has been in a state of recession, and the prosperity index has continued to be low. In January of this year, BHI even fell to a low of 85.74. Since then, it has risen volatility, but it never exceeded 120 in September, but suddenly rose to more than 130 in October, rushing to the second highest peak in history. Sales of building materials and home stores in October also rose sharply. According to data released by China Building Materials Circulation Association, the sales of home building materials above designated size in the country was 142 billion yuan in October, a substantial increase of 20.28%. However, cumulative sales from January to October were 1,039.1 billion yuan, down 4.6% year-on-year. The reason is that Qin Zhanxue said that October is the traditional peak season and the peak of BHI every year. The merchants' stores have seized the last strong sales season, but the main reason for stimulating BHI's sharp rise is that some real estate developers publicize the real estate in the first quarter of next year. There may be a surge, which caused some properties to be “just needed†to be released suddenly, causing some swing home buyers to rush into the market, lest the price increase, thus pushing up the price of commercial housing. In October, BHI rose sharply and the industry showed a warming trend. However, Qin Zhanxue reminded: "The industry still needs to be wary of the increase in BHI in October, whether it will be a few months after the overdraft purchasing power and popularity, this also needs to be observed, businesses and stores need to respond to the plan. In short, building materials The cold current in the home industry has not passed." Plastic Rectangle Foldable Table Banquet Table,6Ft Plastic Table,8 Ft Plastic Table,Foldable Plastic Table ZHEJIANG HUZOLI METAL PRODUCTS CO.,LTD , https://www.zlplasticfurniture.com
“Beyond the routine, some are unexpected.†For the sudden rise of BHI in October, Qin Zhanxue, vice president of China Building Materials Circulation Association, was surprised.