The AVP Pulse Index this month rose 0.8% month-over-month, while increasing 2.6% year-over-year; and 11.1% 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.
“Despite all the disruption and uncertainty in markets and the economy, the Index was up a surprising +0.8% last month, turning the trajectory slightly upward,” stated Pierre Villere of Allen-Villere partners. “While the Dodge Momentum Index (-6.9%) and NAHB/Wells Fargo Housing Market Index (-3.0%) caused a significant downdraft, the quiet and unexpected recovery in Housing Starts (+11.2%) helped swing the Index into positive territory. Other metrics such as Industry Stocks (+5.7%) and the Construction Backlog Indicator (+2.4%) added fuel to an unexpected positive move upwards, but we are bracing for lowered metrics in the months to come, absent a finality to the uncertainty surrounding current policy in Washington.”
The latest edition of The Pulse, the quarterly economic report from Allen-Villere Partners and Rock Products, can be viewed here.
You can sign up to receive The Rock Report, the construction-materials industry’s only quarterly economic newsletter here. Anchored by The Pulse, The Rock Report is a one-stop shop aggregating the latest economic stories and markers impacting the construction-materials market.