bhi is the abbreviation of national building materials and home furnishing prosperity index. it is a prosperity index of building materials and home furnishing terminal stores jointly issued by the circulation industry development department of the ministry of commerce and the china building materials circulation association. bhi reflects the prosperity and market trend of building materials and home decoration materials.
figure 1: national building materials home furnishing index (bhi)
data source: department of circulation industry development, ministry of commerce, china building materials circulation association
7the month is hot and rainy, which is the off-season for the traditional home improvement market, superimposed flood disasters, and the new round of epidemic spread in multiple points and other unfavorable factors, the national building materials and home furnishing market continues to be cold. in july, the bhi continued to fall, n 0.15 points month-on-month, and increased by 36.27 points year-on-year.
8the monthly bhi rebounded slightly from the previous month, and the market has obvious expectations for the upcoming “golden september and silver october” peak seasons. the bhi increased by 4.92 points month-on-month and by 23.83 points year-on-year.
8the central committee of the month continued to tighten the regulation of the real estate industry, insisting on the policy of “housing to live in and not to speculate”, and under the dual background of superimposed financial policy tightening, the national real estate market continued to cool n, and the effect of regulation continued it appears that the market is gradually becoming more rational. among them, the tightening of financial policies is the main reason for the cooling of the real estate market. bank loans are tightened, housing loans in some cities are tight, and the loan cycle is lengthened. in august, the month-on-month increase in new housing prices in 100 cities across the country further narrowed, and the transaction area in key cities decreased both year-on-year and month-on-month.
in terms of the second-hand housing market, many cities have followed up the second-hand housing reference quotation mechanism one after another to stabilize the second-hand housing market expectations and prevent illegal funds from entering the real estate market played a positive role. in addition, some popular cities in the yangtze river delta region continued to increase the number of regulatory policies such as second-hand house price verification and second-hand house transaction reference prices, and the performance of the property market was not as good as in the past. data show that the increase in second-hand housing prices in august narrowed to the lowest level since march this year.
in addition, the land market transactions also tend to be cold. under the background of financial policy regulation such as the “three red lines” of real estate companies and centralized management of real estate loans, companies have reduced their leverage and debts one after another, and due to the negative attitude towards the market outlook and other factors, the land market has also begun to cool n.
9in march, the home building materials market entered the traditional peak sales season, and the bhi increased by 12.87 points month-on-month and 30.37 points year-on-year, mainly due to the redecoration of stock houses and the improvement in demand the leading market share is gradually expanding.
at present, the market price of bulk raw materials remains high, and the cost of enterprises it has been at a high level, and due to the impact of the epidemic, the foreign operating rate has been unable to increase, which has led to a boom in the foreign trade market, triggering a wave of price increases, and part of the price increase has been transmitted to the end market. it is expected that the market price of building materials and home furnishing will remain at a high level in the short term. .
