The AVP Pulse Index this month dropped 1.5% month-over-month, while increasing 3.2% year-over-year; and 8.2% 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.
“But for the Construction Confidence Index, which was up 2.2% and the less-than-1% tiny movements in some of our other indicators, big downward moves were experienced in the AVP Pulse Index last month, including the Dodge Data Momentum Index (-1.9%), the NAHB/Wells Fargo Housing Market Index (-2.0%), and the Architectural Billings Index (-7.9%), which all served to downdraft the entire Index. But the biggest drag came from Housing Starts, which came in at a woeful (-15.4%). Still, the Index was only down a -1.5% for the month, while still up +3.2% year-over-year, and +8.2% over the past rolling 36 months,” 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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