Feb. 20, 2024 – The AVP Pulse Index this month rose 1.2% month-over-month, while increasing 5.6% year-over-year. The index is up 16.5% over the past 36 months. 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.
“Contributing to this continued forward momentum was the very strong NAHB/Wells Fargo Housing Market Index which was up 7.0% for the month and adding dramatically to the TTM with a 9.0% gain,” stated Pierre Villere of Allen-Villere partners. “In addition, the industry stocks continue their march forward after taking a pause for some profit taking and are all making 52- week highs once again, realizing a 9.9% gain for the month, and 42.3% for the TTM. These two metrics bolstered the steady-to-slightly-ahead metrics of all the other indices that make up the balance of the algorithm.”
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