Our take on the latest Non-residential building consents (Fri 30 Nov 2018)
Value of non-residential consents
$622m
In October 2018
Value of consents in Waikato up $36m from October 2017
Social, cultural, and religious buildings up $110m from October 2017
The key numbers...
- Total non-residential consents remain broadly in line with our expectations.
- Social, cultural, and religious buildings are performing well above forecast, and industrial building types are also strong.
- The continued decline of Auckland consent values speaks to persisting capacity constraints placing downward pressure on development opportunities.
Value of consents granted
Annual total, $ bn
...and our reaction
- The value of non-residential building consents in October rose 6.5% from a year prior.
- Hamilton City is the largest contributor to growth in the Waikato region.
- The value of non-residential consents in Auckland fell 28%pa in October. This fall was the third consecutive annual decline for Auckland.
- An $89m consent for Christchurch's convention centre helped bolster social, cultural, and religious building consents in Canterbury in October.
Latest updates
Premium
Non-residential building consents
Warehouses prevent further non-res falls in June
Mon 3 Aug 2026
Monthly
$701m Value of non-res consents in June 2026
7.4% Total non-res consents from May 2026 (seas adj)37%pa Warehouse consents from June 2025Premium
Non-residential building consents
Non-res consents weaker still in May
Thu 2 Jul 2026
Monthly
$789m Value of non-res consents in May 2026
19% Monthly consents from May 202549% Public sector consents from May 2025Non-residential building consents
Non-res consents mostly softer in April
Wed 3 Jun 2026
Monthly
$655m Value of non-res consents in April 2026
15% Monthly consents from April 2025
Office and education consents at lowest monthly levels in 5-6 yearsNon-residential building consents
Consents strong in March, but shadow of conflict looms
Fri 1 May 2026
Monthly
$862m Value of non-res consents in March 2026
15% Monthly consents from Mar 2025$119m Hostel consents from Mar 2025