Dec. 27, 2023 – The AVP Pulse Index this month rose 0.6% month-over-month, while increasing 3.8% 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. “With our proprietary algorithm, a…
Read MoreDay: December 27, 2023
Dean Sunas Named GCAA Board of Directors Chairman
Dean Sunas has been named Georgia Construction Aggregate Association (GCAA) board of directors chairman for 2023-2025, according to Executive Director Jeff Wansley. Sunas is the South Division president for Vulcan Materials Co. He graduated in 1991 with a Bachelor of Science in Building Construction from Auburn University and earned a Master of Business Administration from University of Alabama at Birmingham…
Read MoreTHE PULSE
By Allen-Villere Partners THE PULSE: CONSTRUCTION MATERIALS MARKET ANALYSISThe Federal Reserve raised its benchmark rate 11 times to cool inflation, with the last rate increase in July. Most recently, the Federal Reserve held rates steady in December for the third straight time and acknowledged a possibility of three rate cuts in 2024. PIERRE VILLERE’S MARKET ASSESSMENTThe final quarter of the…
Read MoreNew Home Sales Down in November
Elevated mortgage rates acted as a drag on new home sales in November, but with the peak rate cycle apparently in the rear-view mirror, sales are expected to rise as we move into the new year. Sales of newly built, single-family homes in November fell 12.2% to a 590,000 seasonally adjusted annual rate, according to newly released data by the…
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