July 18, 2024 – The AVP Pulse Index this month rose 0.1% month-over-month, while increasing 1.7% year-over-year, and 10.1% 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 increased 0.1% this month, following the same trajectory as last month’s 0.1% gain. More significantly, the 1.7% year-over-year increase and 10.1% over the last 36 months reflects a leveling off in the overall construction economy as the Fed’s tightening takes hold and the IIJA funds take longer than expected to work their way into construction projects,” stated Pierre Villere of Allen-Villere partners.
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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