“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.”