housing starts stimulate durable consumption goodsMostly, the improvement in housing starts will stimulate purchasing of durable consumption goods, that is some of the products in HSYT’s product list, including stainless steel gas grills and ovens, gas and electric heaters, ceiling and table fans, decorative lamps, LED’s and energy-saving lamps.
One of HSYT’s target markets, that is America, its housing starts on Nov is around 570,000 units, is the highest raising since May 2009, an annually running of a solid increase of 8.9% (Released by US Commerce Department), reference link on Reuters: https://cn.reuters.com/article/companyNewsEng/idCNCAT00499120091216 while another HSYT’s target market, that is Canada, released from Canada Mortgage and Housing Corp., on Dec 2009, its housing start on Nov rose 0.7% percent from 157,400 to 158,500 units (Source: https://www.theglobeandmail.com/report-on-business/housing-starts-hit-2009-high/article1392416/),
Housing Start could lead output uptrend of relevant industries through Multiplier effect, thus we could expect the scenario that potential market of hsyt in North America is attractive, especially in its economic recovery road…