Nov. 18, 2024 – The AVP Pulse Index this month rose 0.9% month-over-month, while increasing 8.1% year-over-year; and 12% 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.
“Growth in the AVP Pulse Index slowed last month, down to +0.9% from +1.9% in the previous month, but still in an upward trajectory. A hard dip in the Dodge Momentum Index was offset by moderate gains in the Construction Confidence Index and the NAHB/Wells Fargo Housing Market Index. But the real driver is the huge tailwind behind the Industry Stocks, which were up a whopping 9.5% in the period. Industry Stock Prices are a harbinger of prosperity ahead for the construction materials industry,” 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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