This year, the home improvement industry is expected to face significant changes as a series of new regulations are introduced. These include the "Home Furniture Industry Operating Service Standards," "Residential Interior Decoration Project Quality Acceptance Specification," "Household Home Decoration Quality Acceptance Standards 2013," and "Home Room Cabling Design Guidelines." According to sources from Jiahe Decorative Brand Operations Center, these updated standards will lead to higher construction techniques, more detailed work, and stricter quality requirements. As a result, renovation costs in Wuhan are expected to rise by 5% to 15% following the Spring Festival.
An official from an Australian and Chinese decoration company explained that while the overall economic situation plays a major role in the industry, rising material and labor costs have been a key factor in recent years. Last year alone, labor costs increased by up to 50%, with cement workers' daily wages jumping from 200 yuan to 300 yuan. The official noted that this upward trend in renovation expenses is now unavoidable.
A designer from a packaging company shared similar insights, stating that the prices of raw materials such as paint and panels increased by around 10% year-on-year last year. Cement, sand, and coatings also saw similar price hikes. Even without the introduction of new regulations, it has become common practice for the home improvement industry to see annual price increases of between 10% and 15%. With these ongoing challenges, homeowners should be prepared for higher costs when planning their next renovation project.Combination Screw,Slotted Wood Screw,Screw Washer Combination,Furniture Combine Screw
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