December 16, 2020

MBA Mortgage Applications (week ended 12/11/2020)

- Purchase Index week/week +2.0%.  Previous weeks were -5.0%, 9.9%, +4.0%, +4.0%, 3.0%, -1.0%, +0.2%, -2.0%, -2.0%, -2.0%, -2.0%, +3.0%-1.0%, and +3.0%

- Refinance Index week/week +1.0%. Previous weeks were +2.0%, -5.0%, +3.8%, -2.0%, +1.0%, +6.0%, +3.0%, +0.2%, -0.3%, +8.0%, -7.0%, +9.0%, -4.0%, +3.0%, and  -3.0%.

- Composite Index week/week +1.1%. Previous weeks were -1.2%, -0.6%, +5.0%, -0.3%,  -0.5%, +3.8%, +1.7%, -0.6%, -0.7%, +4.8%, -4.8%, +6.8%, 2.5%, +2.9%, -2.0%, and -6.5%.

Refis are 105% year/year.  Purchase applications are +26% year/year,

Source:  MBA  Details  https://www.mba.org/2020-press-releases/december/mortgage-applications-increase-in-latest-mba-weekly-survey

 

Retail Sales  (November 2020)

- Retail Sales month/month  -1.1%. Previous was -0.1%

- Ex-Vehicles month/month  +-0.9%. Previous was -0.1%

- Ex-Vehicles & Gas month/month  -0.8%   Previous was -0.1%

Retail Sales is the largest component of 4th 2020 GDP.  This data is seasonally adjusted but not inflation adjusted.

Source:  Census  Details:  https://www.census.gov/retail/marts/www/marts_current.pdf

 

Business Inventories (October 2020)

- Inventories month/month  +0.7%. Previous was +0.7%.

This is a component of 3rdQ 2020 GDP.

Source:  Census   Details: https://www.census.gov/mtis/www/data/pdf/mtis_current.pdf

 

Housing Market Index ( December 2020)

- Index  86.  Previous was   90

This is based on a survey conducted by the National Association of Home Builders.  The survey asks 1) how's business and 2) how do you think the economy in general is doing.