“In the latest update on the construction materials industry, the AVP Pulse Index experienced a jump of +1.0% for the period, reversing a recent trend of a flattening line in the Index. More importantly, there was an additional jump in the annual growth rate, as it increased 7.9% year-over-year, a more-than-doubling of the growth rate of 3.5% reported in the last period. Over the past 36 months, the index increased 11.2%, down slightly from 14.0%. This is reflective in part on our firm’s rough estimate that we will finish the year with approximately a 5% pullback in overall construction materials volume.”