Nov. 21, 2023 – The AVP Pulse Index this month dropped 0.7% month-over-month, while increasing 2.9% year-over-year. The proprietary AVP Pulse Index – a joint effort between mergers and acquisition advisors Allen-Villere Partners, and Rock Products – illustrates the health of the industry in one single trend line, using relevant data that is updated monthly or quarterly.
“I get asked what the line in this index means, so I thought I would explain it once again: it represents our proprietary algorithm, which tracks the direction of our industry on a rolling 36-month basis,” stated Pierre Villere of Allen-Villere partners. “Simply put, the line defines the direction of the industry, whether it is trending up or down. After a strong start in 2023, the Index is trending down in the last few months, but is still positive for the year. This is driven in part by the new home segment of our industry, as well as builder and construction sentiment. Overall, we are much higher than we were three years ago. I believe this trend will flatten over the next six months, as the strength of the IIJA money combines with anticipation for falling interest rates.”
The latest edition of The Pulse, the quarterly economic report from Allen-Villere Partners and Rock Products, can be viewed here.
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