According to recent reports, this year's home improvement industry is set to face a series of new regulations, including 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." These updates are expected to significantly impact construction techniques, detailing, and overall quality requirements. As a result, renovation costs are likely to increase across the board.
Jiahe Decorative Brand Operations Center revealed that after the Spring Festival, Wuhan's renovation costs will see an overall adjustment ranging from 5% to 15%. This reflects the growing pressure on companies to meet higher standards, which in turn affects pricing for consumers.
An industry expert from Australia and China explained that while the national economic situation plays a major role in the decoration sector, rising raw material and labor costs have been a key driver behind the price hikes. Since last year, labor expenses have surged dramatically. For instance, the daily wage for cement workers increased from 200 yuan to 300 yuan, marking a 50% rise in labor costs.
A designer from a packaging company shared similar concerns, noting that the prices of materials such as paint, panels, cement, sand, and coatings all saw a year-on-year increase of about 10%. Even without new regulations, the home improvement industry has been experiencing annual price increases of 10% to 15%, making it a common practice among businesses.
With these ongoing trends, homeowners should be prepared for higher renovation costs in the coming months. Whether due to updated regulations or rising operational expenses, the industry is undergoing a significant transformation, and these changes are shaping the future of home improvement projects.Welding Bolt,Projection Weld Bolts,Stainless Steel Bolts,Miller Thunder Bolt Welder
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