Decoding the 2024 Glenigan Construction Review: insights for acoustics in construction
Jéssica Moreno, Sales and Business Development Lead at KP Monitoring Ltd, part of the KP Acoustics Group, unpacks the latest findings from the 2024 Glenigan Construction Review, a comprehensive look at the construction industry’s pulse. In acoustics and firmly entrenched within construction operations, Jéssica dissects the industry’s latest trends to understand what they mean for our sector.
The construction sector’s performance between February 2023 and February 2024 has seen varied results across the industry, paving a path of caution well into 2024. While detailed planning approvals saw a modest uptick of 5% compared to last year, main contract awards took a hit, dropping by 13% from the last quarter. Project starts, a crucial gauge of industry activity, nosedived by 30% compared to the previous year. The overall output also dipped by 3.2% year-on-year, painting a cautious picture of the industry’s trajectory.
- 5% uplift in detailed planning approvals
- 13% dip in main contract awards
- 30% slump in project starts
- 3.2% dip in output year-on-year
Digging deeper into the report, the reality is much more nuanced, with substantial sectoral and regional variation. For example, while infrastructure projects are taking a breather, construction activity in education and healthcare sectors is on the rise.
But what does this mean for acoustics in construction? This nuanced understanding underscores the importance of a targeted approach in identifying growth opportunities and managing risks posed by the sector. So, let’s dive a little deeper into where the key opportunities for acoustics in construction lie.
Refurbishment vs. new construction
The 2024 Glenigan Construction Review shows a subtle shift in construction activity, moving away from new, large-scale developments towards refurbishments and repair. Repair and maintenance jobs are on the rise, especially in public housing, indicating a focus on preserving existing assets perhaps in an attempt to cut costs. However, the new construction sector, particularly in private housing and commercial projects, is experiencing a slowdown.
In both new developments and refurbishment projects, ongoing environmental monitoring still remains essential to meet local regulations and adhere to noise and vibration standards. And, despite a rise in refurbishment projects in an attempt to cut costs, the retroactive implementation of acoustic solutions into existing structures immediately becomes much more complex, leading to complex consultancy and often costly retrofits.
Housing sector disparities
In the housing sector, there’s a divergence between private and social housing. Private housing, especially apartments, is facing challenges due to affordability concerns and regulatory issues. Conversely, social housing, including student accommodations and sheltered homes, remains resilient. Adapting to these shifting dynamics is crucial for navigating the housing market’s complexities.
Within social developments, acoustic considerations must not be ignored. Whether this be to create acoustically sound environments within student accommodation conducive to learning or minimising invasive noise and noise pollution in compact urban housing, onboarding the support of acoustic experts is a must. And, with regulations imposed by local authorities to monitor the noise and vibration of such developments, making sure you have access to consistent acoustic consultancy and environmental monitoring will ensure smooth project completion without any hiccups.
Implications for acoustics in construction
With increased construction activity across refurbishments, social housing, education, and healthcare sectors comes heightened scrutiny on environmental impact and community wellbeing. With this, the demand for comprehensive acoustic solutions and full-service environmental monitoring is on the rise. Acoustic consultancy firms play a crucial role in mitigating noise and vibration disturbances, ensuring regulatory compliance, and fostering community harmony.
As construction diversifies across sectors, there’s a growing need for adaptable and scalable acoustic solutions, presenting both challenges and opportunities for innovation within our industry. And, with refurbishment projects taking centre stage, the need for more complex acoustic solutions suitable for retrofit will likely emerge.
Looking ahead
Despite a seemingly volatile landscape, the future of the construction industry appears brighter. Looking ahead, the Office for Budgetary Responsibility (OBR) forecasts slow but steady economic growth over the next two years, with an anticipated rise in general government spending and a smaller increase in consumer spending.
Real household incomes are also expected to improve, supporting consumer and commercial spending, while inflation is forecast to slow down. However, fixed investment is expected to drop by 4.5%, affecting construction activity in the short term. Here, maintaining strong relationships within the industry is crucial to a steady and stable future within the sector.
Wrapping up
The 2024 Glenigan Construction Review offers valuable insights into the construction landscape’s nuances and challenges. While uncertainties persist, there are opportunities for innovation and growth for those prepared to adapt. As we navigate the road ahead, strategic foresight and a deep understanding of industry trends will be key.
For acoustics in construction, building acoustics and environmental monitoring, it’s about staying ahead of the curve, delivering tailored solutions, and shaping a quieter, more harmonious built environment amidst the ever-evolving construction scene.
As experts in the field, KP Acoustic Group offers full-spectrum Acoustic Consultancy, Environmental Monitoring, Product Testing, Research and RIBA-accredited CPD Training Services. To learn more, get in touch with our highly experienced consultants by calling 0208 222 8778 or visiting kpacoustics.com.