Our take on the latest Non-residential building consents (Thu 14 Jan 2021)
Value of non-res consents
$703m
In November 2020
Hotel consents grew by $100m
Private consents rise 14.5% in November
The key numbers...
- The value of Non-residential consents grew 9.3%pa in November, taking growth over the last three months 4.5%pa higher.
- A large hotel consent in Auckland Central worth $100m has helped boost hotel consents to $125m in November. This level of consents is the largest monthly value of hotel consents since March 2017 – a curiosity given the recent reports of 40% falls to hotel venues.
- Warehouse and education building consents were other areas of strength, contributing $125m and $169m each.
- Retail and hotels, and hostel building are subgroups that have been soft recently, down 25%, 51%, and 83%pa over the three months to November, respectively.
- Driven in part by the large hotel consent value, private consents were up 15%pa in November, but public consents were down 2.7%.
Contribution to annual % change
3-month annual % change
...and our reaction
- Contrary to recent months, the private sector outperformed the public sector in growth of non-residential consents, but the trend for the year is still of public consent dominance.
- The large hotel consent in Auckland is unusual given the current circumstances, although vaccine advances in development should slowly rebuild confidence in accommodation spending.
- Retail and hostel building consents both falling gives a better reflection of how the lack of international travel is affecting confidence in New Zealand commercial development.
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 2025Office 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