December 23, 2020

MBA Mortgage Applications (week ended 12/18/2020)

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

- Refinance Index week/week +4.0% . Previous weeks were +1.0%, +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%, and +3.0%

- Composite Index week/week +0.8%. Previous weeks were +1.1%, -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%, and -2.0%

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

 

Durable Goods Orders (November 2020)

- New Orders month/month        0.9%. Previous was 1.8%

- Ex-Transportation month/month    0.4%. Previous was 1.9%

- Core Capital Goods month/month    0.4%. Previous was 1.6%

Source:  Census  Details:  https://www.census.gov/manufacturing/m3/adv/pdf/durgd.pdf

 

Initial Jobless Claims (week ended 12/19/2020)

- Initial Claims seasonally adjusted  803,000. Previous was 892,000

- Initial Claims  unadjusted, totaled 869,398  a decrease of 72,512 (or -7.7 percent) from the previous week. 

- 4-Week Moving Average seasonally adjusted  818,250. Previous was  814,250

Total receiving regular state UI decreased by 308,326 

Total receiving Pandemic UI increased by  688,793

Total receiving Emergency Pandemic UI decreased by 8,178 

Total receiving any UI decreased by 283,170

Source:  Labor Department   Details: https://www.dol.gov/ui/data.pdf

 

Personal Income and Outlays  (November 2020)

- Personal Income month/month   -1.1%. Previous was -0.6%

- Personal Consumption Expenditures month/month  -0.4%.Previous was +0.3%

- PCE Price Index month/month    0.0%    %. Previous was 0.0%    

- PCE Price Index year/year    1.1%. Previous was 1.3%

- Core PCE Price Index month/month    0.0%. Previous was  0.1%

- Core PCE Price Index year/year  1.4%. Previous was 1.5%

PCE is an inflation metric and remains well-contained.

Source:  BEA  

 

FHFA House Price Index  (October 2020)

- month/month +1.5%. Previous was +1.7%

- year/year +10.2%. Previous was +9.1%

 

New Home Sales  (November 2020)

- Annual Rate 841,000.  Previous was 999,000

Source:  Census   Details: https://www.census.gov/construction/nrs/pdf/newressales.pdf

 

Consumer Sentiment (December 2020)

- Index 80.7. Previous was 81.4

This is supposed to measure consumers stated views as to spending in the next 3 months.  

Source: University of Michigan's Consumer Survey Center     Details:  http://www.sca.isr.umich.edu/