Hamilton City Quarterly economic monitor - September 2019

Non-residential consents

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Highlights for Hamilton City

  • Non-residential building consents to the value of $260 million were issued in Hamilton City during the year to September 2019.
  • The value of consents increased by 0.3% over the year to September 2019. By comparison the value of consents in New Zealand increased by 12.7% over the same period.
  • Over the last 10 years, consents in Hamilton City reached a peak of $261 million in the year to June 2018.

National overview

Non-residential consent values rose 12.7%pa over the September 2019 year to nearly $7.6b in expected work. Growth in public sector activity has headed higher in recent months even as private sector intentions plod along, as weak investment intentions undermine businesses’ willingness to commit to new developments. Accommodation and social building projects have been key to the growth in construction over the last year, with both building types recording growth of over 50%pa. Capacity pressures continue to hamper expectations for turning non-residential consents into actual construction activity without higher prices or delays.