The AVP Pulse Index this month rose 1.4% month-over-month, while increasing 6.7% year-over-year, and 14.6% 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.
“Two big tailwinds came from the Dodge Data Momentum Index (+6.2%) and an awakening in Housing Starts (+10.8%), and two additional pluses were the Construction Unemployment Rate (+2.9%) and the Construction Backlog Index (+2.3%), which all helped support the Index against other smaller, lagging indicators.” stated Pierre Villere of Allen-Villere partners. “It is worth repeating that the AVP Pulse Index is a trend measure, like an arrow, albeit a crooked one; it measures a rolling 36-month period that points up or down depending on the direction of the construction industry.”
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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