New Zealand Professional Investment Services Firm

Forsyth Barr

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.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>May consents ticked up but remain consistent with construction activity, with residential consents staying within the 30k–35k range for the past two years.</li><li>Non-residential consents lifted by 15.2% year-on-year, driven by the accommodation, education, and industrial sectors, with an optimistic tone due to more government activity.</li><li>Fletcher Building's market update highlights subdued activity with no material pick-up expected until FY27, despite some support from lower interest rates and government announcements.</li></ul>

May consents ticked up but remain consistent with construction activity, with residential consents staying within the 30k–35k range for the past two years.Non-residential consents lifted by 15.2% year-on-year, driven by the accommodation, education, and industrial sectors, with an optimistic tone due to more government activity.Fletcher Building's market update highlights subdued activity with no material pick-up expected until FY27, despite some support from lower interest rates and government announcements.

Building Sector NZ Consents—Stuck on a Level