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2017 sales of China building material and home furnishing decreases by 22.60%

A few days ago, the BHI jointly released by the Ministry of Commerce of the People’s Republic of China Department of Circulation Industry Development and China Building Materials Circulation Association shows that: The sales volume in the marketplace of building material and home furnishing in the nationwide above-scale in the year of 2017 is RMB 917.37 billion with a year-on-year decrease of 22.60%.


The Industry Research Department in China Building Materials Circulation Association interprets that the building materials and home furnishing market has an overall low-price running all year around in 2016. Compared to the cliff fall between 2014 and 2015, the whole industry in 2017 has the L-shaped bottom fluctuation trend under the economic “New Normal”.


In 2017, various regions have issued related real estate control policy measures for nearly 180 times all year around. A series of “the harshest-ever” control measures have come into being successively, and the rapid growth trend of house price has been contained.

 

The Industry Research Department in China Building Materials Circulation Association points out that the national building materials and home furnishing market is directly affected by the adjustment to the real estate industry. In 2017, the BHI tends to be slower all through the year, and the boundary between “off season” and “high season” of the home consumption in the traditional concept becomes more and more indistinct; The month-on-month drop of BHI decreases as well by month.


At present, the mainstream consumer groups for the home furnishing materials start to shift to the generation after 80s and 90s, and the re-decoration for the stock housings will bring about much wide space to the market together with the consumption upgrade.

 

(Source:jiagle.com)