MBA Mortgage Applications (week ended 7/3/2020)

- Purchase Index week/week +5.0%. Previous weeks were -1.0%, -3.0%, +4.0%, +5.0%, +5.0%, +9.0%, +6.0%. +11.0%, +6.0%, +1.0%, +12.0%, -2.0%, -2.0%, and -12.0%
- Refinance Index Week/Week +0.4%. Previous weeks were -2.0%, -12.0%, +10.0%, +11.0%, -9.0%, -0.2%, -6.0%, -3.0%, -2.0%, -7.0%, -1.0%, +10.0%, -19.0%, +26.0%, -34.0%, and -10.0%
- Composite Index Week/Week +2.2%. Previous weeks were -1.8%, -8.7%, +8.0%, +9.3%. -3.9%, +2.7%, -2.6%, +0.3%, +0.1%, -3.3%, -0.3%, +7.3%, -17.9%, +15.3%, and -29.4%

This data is seasonally adjusted and just as most other fundamentals seasonal adjustments under the represent circumstances may not be accurate. The week/week changes are, for the most part, not the effects of anything seasonal.

Source: Mortgage Bankers Association Details: https://www.mba.org/2020-press-releases/july/mortgage-applications-increase-in-latest-mba-weekly-survey

Redbook Chain Store Sales (week ended 7/4/2019)

- Same Store Sales year/year -6.9%. Previous was -5.7%.
- Same Store Sales month/month -0.6%. Previous was -0.7%.

The month/month data shows that store re-openings have not dramatically increased Chain Store Sales.

Source: Redbook Research Inc.

 

JOLTS (May 2020)

- Job Openings 5,397,000. Previous was 5,046,000

Source: BLS Details: https://www.bls.gov/jlt/

MBA Mortgage Applications (week ended 6/26/2020)

- Purchase Index week/week -1.0%. Previous weeks were -3.0%, +4.0%, +5.0%, +5.0%, +9.0%, +6.0%. +11.0%, +6.0%, +1.0%, +12.0%, -2.0%, -2.0%, -12.0% and -11.0%
- Refinance Index Week/Week -2.0%. Previous weeks were -12.0%, +10.0%, +11.0%, -9.0%, -0.2%, -6.0%, -3.0%, -2.0%, -7.0%, -1.0%, +10.0%, -19.0%, +26.0%, -34.0%, -10.0% and -17.9%
- Composite Index Week/Week. -1.8%. Previous weeks were -8.7%, +8.0%, +9.3%. -3.9%, +2.7%, -2.6%, +0.3%, +0.1%, -3.3%, -0.3%, +7.3%, -17.9%, +15.3%, -29.4%, and -8.4%

Source: Mortgage Bankers Association

Challenger Job-Cut Report (June 2020)

- Announced Layoffs 170,219. Previous was 397,016

Source: Challenger, Gray & Christmas

 

ADP Private Jobs (June 2020)

MBA Mortgage Applications (week ended 6/26/2020)

- Purchase Index week/week -1.0%. Previous weeks were -3.0%, +4.0%, +5.0%, +5.0%, +9.0%, +6.0%. +11.0%, +6.0%, +1.0%, +12.0%, -2.0%, -2.0%, -12.0% and -11.0%
- Refinance Index Week/Week -2.0%. Previous weeks were -12.0%, +10.0%, +11.0%, -9.0%, -0.2%, -6.0%, -3.0%, -2.0%, -7.0%, -1.0%, +10.0%, -19.0%, +26.0%, -34.0%, -10.0% and -17.9%
- Composite Index Week/Week. -1.8%. Previous weeks were -8.7%, +8.0%, +9.3%. -3.9%, +2.7%, -2.6%, +0.3%, +0.1%, -3.3%, -0.3%, +7.3%, -17.9%, +15.3%, -29.4%, and -8.4%

Source: Mortgage Bankers Association

Challenger Job-Cut Report (June 2020)

- Announced Layoffs 170,219. Previous was 397,016

Source: Challenger, Gray & Christmas

 

ADP Private Jobs (June 2020)

- Private Jobs +2,369,000. Previous was revised from -2,760,000 to 3,065,000

the May revision is a head-scratcher and an indication that folks are having trouble measuring things.

Job increases were broad-based as indicated here: https://adpemploymentreport.com/2020/June/NER/NER-June-2020.aspx

Source: ADP Details: https://adpemploymentreport.com/

 

PMI Manufacturing Index (June 2020)

- Level 49.8. Previous was 39.8.

A survey based supply side metric

Source: Markit Economics

 

ISM Manufacturing Index (June 2020)

- Index level 52.6. Previous was 43.1.

Another survey based supply side metric.

Source: Institute For Supply Management

 

Construction Spending (May 2020)

- Construction Spending month/month +0.3%. Previous was -2.9%.
- Construction Spending year/year +3.0%

Source: Census Details: https://www.census.gov/construction/c30/pdf/totsa.pdf/

PMI Manufacturing Index (June 2020)

- Level 49.8. Previous was 39.8.

A survey based supply side metric

Source: Markit Economics