Today, 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 September. The data shows that the national building materials home prosperity index in September was 101.22, up 5.23% from the previous month and down 2.17% from the same period last year.

According to the data, the sales of home building materials above designated size in September was 91.64 billion yuan, up 14.44% from the previous month and down 0.26% year-on-year. From January to September 2018, the cumulative sales of building materials and homes above designated size nationwide was 692.94 billion yuan. It rose by 6.13%.

“In September, home improvement building materials entered the traditional consumption season. After a small rebound in the off-season in August, BHI continued to climb this month.” The China National Building Materials Circulation Association Industry Research Department explained.

Since September, from the Ministry of Housing and Urban-Rural Development to major cities, real estate-related rectification policies have been intensively released. Four first-tier cities in Beijing, Shanghai, Guangzhou and Shenzhen have launched special campaigns to control the real estate market chaos, and the nationwide property market regulation continues to deepen. In addition, credit tightening, and the recent provident fund policy has also begun to tighten in many cities across the country, and the market has cooled significantly.

At the same time, with the implementation of the policy of rent-and-purchase, the housing leasing market has been rapidly expanded. As a large number of leased properties come from the stock market, the re-decoration of stocks will have a profound impact on the development of the national building materials market.

（Source: JJgle.com）