Oct. 21, 2025 – The AVP Pulse Index this month rose 0.7% month-over-month, while increasing 6.7% year-over-year; and 16.7% 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.
“This month’s pulse index is subject to error, as 4 of the 10 metrics we process through our algorithim are government-issued figures and are suspended due to the government shutdown,” stated Pierre Villere of Allen-Villere partners. “In the absence of critical government-issued statistics, the Dodge Momentum Index (+3.4%), the Architectural Billings Index (+2.2%), and the Industry Stocks Average Price (+2.5%) all served to create a big lift for the Index. Hopefully we can get the government back to work, and next month’s Index should reflect the additional data supplied by the Federal Government, which will return the Index back to its pre-shutdown accuracy.
“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. Despite the disruptions brought about by the tariff wars, we are optimistic this will come to an end, and we remain positive that prosperity in our industry lies ahead.”
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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