New Zealand Professional Investment Services Firm, Forsyth Barr

Forsyth Barr

New Zealand Professional Investment Services Firm

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

Thematic (Sector/Industry)

<ul><li>Supply shortages and price increases have abated: The prompt for the ComCom's market study was the low availability and rapid price escalation of some building materials seen in late 2021/early 2022.</li><li>Government agrees with most of the ComCom's recommendations: The government has agreed with eight of the nine recommendations from the ComCom to improve competition in the building supply industry.</li><li>No immediate impact on FBU but a key moat will be weakened: Plasterboard was singled out as one market where competition was limited given FBU's dominant 95% market share. </li></ul>

Supply shortages and price increases have abated: The prompt for the ComCom's market study was the low availability and rapid price escalation of some building materials seen in late 2021/early 2022.Government agrees with most of the ComCom's recommendations: The government has agreed with eight of the nine recommendations from the ComCom to improve competition in the building supply industry.No immediate impact on FBU but a key moat will be weakened: Plasterboard was singled out as one market where competition was limited given FBU's dominant 95% market share. 

Building Materials: Govt Agrees With ComCom Recommendations

<ul><li>September quarter ready-mix concrete (RMC) production highlighted that while NZ construction activity is still robust there are signs of slowing, particularly in Auckland</li><li>Underlying Q3 volumes dragged down by Auckland slowdown </li><li>Construction pipelines still looking solid</li></ul>

September quarter ready-mix concrete (RMC) production highlighted that while NZ construction activity is still robust there are signs of slowing, particularly in AucklandUnderlying Q3 volumes dragged down by Auckland slowdown Construction pipelines still looking solid

Building Sector: Ready-Mix Concrete — Solid For Now

<ul><li>New Zealand: Solid 1Q for Vulcan Steel; Construction costs still rising; Fletcher Building launches low CO2 cement</li><li>Australia: Stockland residential sales rates decline; Weather and inflation hit Adbri</li><li>International: China’s building season – a flop so far; Chinese banks pledge enhanced support for economy as Xi calls for growth</li></ul>

New Zealand: Solid 1Q for Vulcan Steel; Construction costs still rising; Fletcher Building launches low CO2 cementAustralia: Stockland residential sales rates decline; Weather and inflation hit AdbriInternational: China’s building season – a flop so far; Chinese banks pledge enhanced support for economy as Xi calls for growth

<ul><li>New Zealand: Residential consents tick higher but likely more noise than signal</li><li>Australia: Single biggest monthly house price drop since 1983; Construction activity continues to slide</li><li>International: House prices tick higher; Home sales continue to decline</li></ul>

New Zealand: Residential consents tick higher but likely more noise than signalAustralia: Single biggest monthly house price drop since 1983; Construction activity continues to slideInternational: House prices tick higher; Home sales continue to decline

<ul><li>New Zealand: Resi slowdown drags down construction forecasts</li><li>Australia: Australian outlook comments robust despite softening residential</li><li>International: Millions of empty flats threatens to plunge China’s troubled property market further into crisis</li></ul>

New Zealand: Resi slowdown drags down construction forecastsAustralia: Australian outlook comments robust despite softening residentialInternational: Millions of empty flats threatens to plunge China’s troubled property market further into crisis

New Zealand

Fletcher Building Limited manufactures, distributes, and sells materials for the building industry including wood fiber-based products, cement and aggregates, plasterboard, laminates, lumber, and aluminium extrusion. The Company operates primarily in New Zealand and Australia.

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Fletcher Building (FBU NZ)

Building Materials: Govt Agrees With ComCom Recommendations

The government has released its response to the recommendations made by the Commerce Commission (ComCom) following its market study into the...

Forsyth Barr

Building Sector: Ready-Mix Concrete — Solid For Now

September quarter ready-mix concrete (RMC) production highlighted that while NZ construction activity is still robust there are signs of slowing,...

Forsyth Barr

Building Weekly (21-Oct-2022)

New Zealand: Solid 1Q for Vulcan Steel; Construction costs still rising; Cost of building homes still stoking annual inflation; Mortgage rates rise...

Forsyth Barr

Building Weekly (02-Sept-2022)

Residential consents tick higher but likely more noise than signal; Residential construction intentions bounce off the floor but still deeply negative

Forsyth Barr

Building Weekly (26-Aug-2022)

Construction spending forecast to fall -18% to NZ$42bn by 2027, primarily driven by forecast resi construction down -36% (c.-NZ$11bn) while non...

Forsyth Barr

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