The BHII index, released by the China Building Materials Circulation Association, was 119.02 in September, up 10.05% month-on-month and 1.35% year-on-year. This is in line with industry expectations.

 

Qin Zhanxue, vice president of China Building Materials Circulating Association, said: "When the national real estate price is about to turn the corner, BHI has picked up, which is mainly due to three reasons. First of all, in September and October for the decoration season, together with the major building materials home market to do all the best to promote sales, resulting in a large BHI month-on-month rise, October may also continue this trend, from the BHI employment index month-on-month rise, also reflects everyone for promotion and increase horse; Secondly, the national building materials and home furnishing market has developed greatly in the investment and construction this year, and the total business area is expanding continuously. Once the improvement is encountered, there will be a multiplier effect, which is the main reason for the year-on-year increase in BHI. Finally, the rigid demand of real estate after a period of waiting, the real estate prices in some regions have declined, so that it has been released to a certain extent, this release is phased, the release of rigid demand of real estate will drive the rise of building materials home industry."

 

For BHI's later trend, he also pointed out that "the month-on-month increase in BHI sentiment index in September was much smaller than that of the sales capacity index, indicating that the upward trend of BHI could not be maintained for too long, and it is expected that November and December will come down."