Hamilton City Quarterly economic monitor - March 2019

Non-residential consents

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Highlights for Hamilton City

  • Non-residential building consents to the value of $243 million were issued in Hamilton City during the year to March 2019.
  • The value of consents increased by 4.0% over the year to March 2019. By comparison the value of consents in New Zealand increased by 7.6% 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

Total non-residential consent values rose 7.6%pa over the 12 months to March 2019. There remains a steady pipeline of work in the non-residential sub-industry, with total activity in the last quarter coming in above forecast. Although consent values continue to rise, capacity pressures remain, and we are concerned over the sub-industry’s ability to convert these consents into completed work. Weak business confidence and slower economic and employment growth is expected to drag non-residential activity lower during 2020.