The Villans endured a tough start to the season and flirted with the relegation zone, but a six-game unbeaten run has seen them climb to 14th position.
A superb 3-1 win at Liverpool last time out has brought a feel-good factor to Villa Park, with several youngsters currently impressing under the Scot.
Faulkner told the club's official website: "There's a long way to go and no-one is getting ahead of themselves.
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"But encouragement is a vital ingredient in order to sustain everyone's effort along the way and what we're starting to see this season is really encouraging.
"Collectively, we are trying to build something that will be strong and lasting and those efforts are, hopefully, starting to bear fruit which is pleasing for everybody associated with the club.
"Paul and the team are working hard to achieve the kind of progression the manager wants to oversee and that work ethic is mirrored throughout the club.
"We have a young, hungry, ambitious manager and we have a young, hungry, ambitious team. The best things take time to build but Paul has been great from day one."
"Everyone at the club works hard - all of the staff at Villa Park and at Bodymoor - and we have a very motivated group of people who take pride in who we are and what we represent and it's that spirit of collectiveness that is at the heart of this club.
"Building something together, with everybody having their part to play, that's the essence of Villa because football is all about people coming together - that's the heart and soul of the game."