Our take on the latest Non-residential building consents (Thu 13 Jan 2022)
Value of non-res consents
$783m
In Nov 2021
Consents grew 11%pa in November
$156m of factory consents
The key numbers...
- Non-residential building consents climbed 11%pa in November, with $783m of consents, driven by particularly strong public sector consents (up 59%pa).
- The strongest build types for the month were factories, hospitals, and education buildings, with $156m, $107m, $102m of consents respectively.
- Accommodation building was weak, with both hotels and hostels showing significant declines, down 63% and 58%pa respectively.
- Consents were incredibly strong in Canterbury, with an additional $156m of consents in November, bringing the value up 276%pa from a year ago.
Value of non-residential consents
Annual running total, $b
...and our reaction
- Non-residential building consents have shown sustained strength over the past year, developing a solid pipeline of activity which will keep construction activity elevated over the coming years.
- Public sector consents remain a key driver of non-residential activity, with private consents being patchier and weak in November.
- Factories have been a major contributor of growth over the past year, with a strong economy and supply chain disruptions highlighting the need for more domestic production capability.
- The tight labour market and supply chain disruptions are pushing up building costs, with capacity constraints becoming a major concern for translating building intentions into activity.
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