13.9 From Dodge Data Analytics, the Dodge Momentum Index surged again in November, climbing 13.9% to 149.5 (2,000=100) from a revised October reading of 131.3. The index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. 19.6 More from the Dodge November report: The increase was the second month of strong gains after a four-month period of softness. November’s advance was the result of healthy gains in both the commercial and institutional sectors. From October to November, the commercial portion advanced 19.6% while the institutional portion grew 5.5%. On a year-over-year basis, the index now is nearly 21% higher with commercial up 24% and institutional up 17%. Dodge says the two-month turnaround suggests building activity should continue to expand in 2018. 3.166 A quick snippet from the December edition of Materials Market Digest that is available exclusively to American Supply Association members. Copper traded as high as $3.166 per pound in late November before heading down again at the end of the month. MMD’s Jim Olsztynski reports the decline came about largely over concerns about China’s economic performance, including many factory closures. Additionally, the MMD report notes copper has gained 66% since January 2016. 4,000 From keynote speaker Curt Steinhorst during the Equity Plumbing buying group meeting in New Orleans in early December, the average millennial sends and receives 4,000 texts per month. 240 And this data from Steinhorst: The average professional receives 240 emails in a single day. 7 Steinhorst also recited data during the Equity luncheon that shows only 7% of workers consider themselves most productive in the office.
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