BHI is the abbreviation of National Building Materials and Household Prosperity Index. It is a prosperity index of building materials and home furnishing terminal stores compiled and released by the Department of Circulation Development of the Ministry of Commerce and China Building Materials Circulation Association. The BHI reflects the prosperity and market direction of building materials and home decoration materials, and also reflects the strength of rigid demand for real estate when compared with the national real estate development prosperity index.
The National Building Materials and Home Furnishing Prosperity Index BHI was 142.16 in April, up 13.37 points from the previous month and 26.57 points year-on-year. Sales of building materials and home furnishing stores above the national scale in April were 162.523 billion yuan, up 25.72% from a year earlier and 60.66% from a year earlier; cumulative sales from January to April were 483.218 billion yuan, up 23.30% from a year earlier.
China Building Materials Circulation Association Industry Research Department on the current BHI data interpretation: April, the national building materials and home furnishing market peak season market highlights, BHI continued to continue the upward trend, to achieve year-on-year, ringgit double growth at the same time, set a new high BHI index this year.
Specific analysis is as follows:
First of all, analysis of the national real estate market situation: in the optimization of anti-epidemic policy overlaid with the continued effect of favorable policies in the property market, the backlog of housing demand in the first quarter of this year concentrated on the release of key cities to start the property market “small spring” market. However, in April, the backlog of demand was gradually digested and the activity of the national real estate market declined, with the market still facing downward pressure. In terms of market performance, the new housing market, housing enterprises in April to push the strength has slowed down, key cities turnover scale from the increase to decline, 100 city housing prices trend under pressure. According to data from the China Index Research Institute, in April 2023, the average price of new homes in 100 cities across the country was 16,181 yuan per square meter, up 0.02% quarter-on-quarter and down 0.07% year-on-year; the year-on-year rate of increase and decrease was the same as in March.
The second-hand housing market, April second-hand housing market listing continued to go high, and the rapid release of the backlog of demand in April after the buyers into the market momentum is not enough, the second-hand housing market activity generally fell, the scale of transactions fell in the ring, most cities second-hand housing prices fell in the ring. Data show that: the average price of second-hand residential property in the 100 cities of the country in April was 15826 yuan per square meter, down 0.14% from the previous month, a drop of 0.09 percentage points; down 1.28% from the previous month, a drop of 0.16 percentage points from the previous month.
Post time: Jun-20-2023
