May 20, 2024 – The AVP Pulse Index this month rose 0.7% month-over-month, while increasing 5.5% year-over-year. The index is up 10.7% 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.
“The Index remains flat once again this month,” stated Pierre Villere of Allen-Villere partners, and this reflects a slowing in the overall construction economy as the Fed’s tightening takes hold in its fight against inflation. But a strong showing by the Dodge Momentum Index and strong housing starts bodes well for the months ahead, as well as the Construction Backlog Indicator. Like last month, the Index reflects a steady construction economy.”
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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