ovember 24, 2021
MBA Mortgage Applications (week ended 11/19/2021)
- Purchase Index week/week 5.0%. Previous weeks were +2.0%, +3.0%, -2.0%., -5.0%, +4.0%, +0.2%, -2.0%, -1.0%, +2.0%, +8.0%, -0.2%, +1.0%, +3.0%, -1.0%., +1.8%, -2.0%, and -6.0%.
- Refinance Index week/week +0.4%. Previous weeks were -5.0%, +7.0%., 4.0%, -2.0%, -7.0%, -1.0%, -10.0%, -1.0%, +7.0%, -3.0%, -3.0, -4.0%, +1.0%, -5.0%, +3.2%, -2.0%, and +9.0%.
- Composite Index week/week +1.8%. Previous weeks were -2.8%., +5.5%, -3.3%, +0.3%, -6.3%, +0.2%, -6.9%, -1.1%, +4.9, +0.3%, -1.9%, -2.4%, +1.6%, -3.9%, +2.8%, and -1.7%,
Source: MBA https://www.mba.org/2021-press-releases/november/mortgage-applications-increase-in-latest-mba-weekly-survey-x287934
Durable Goods Orders (October 2021)
- New Orders month/month -0.5%. Previous was -0.4%
- Ex-Transportation month/month 0.5%. Previous was 0.7%
- Core Capital Goods month/month 0.6%. Previous was 1.3%
Source: Census Details: https://www.census.gov/manufacturing/m3/adv/pdf/durgd.pdf
Personal Income and Outlays (October 2021)
- Personal Income month/month +0.5%. Previous was -1.0%
- Personal Consumption Expenditures month/month 1.3%.Previous was +0.6%
- PCE Price Index month/month 0.6% %. Previous was 0.4%
- PCE Price Index year/year 5.0%. Previous was 4.4%
- Core PCE Price Index month/month 0.4%. Previous was 0.2%
- Core PCE Price Index year/year 4.1%. Previous was 3.7%
Source: BEA
GDP (3rdQ 2021)
- Quarter over Quarter - annualized 2.1%. Previous estimate was 2.9%.
- Personal Consumption Expenditures - annualized 1.7%. Previous was 1.6%
Source: BEA Details: https://www.bea.gov/news/2021/gross-domestic-product-3rd-quarter-2021-second-estimate-corporate-profits-3rd-quarter
Trade Deficit (October 2021)
- Deficit $82.9 billion. Previous was $97.0 billion
This is a component of 4thQ GDP.
Source: BEA Details: https://www.bea.gov/news/2021/us-international-trade-goods-and-services-july-2021
Initial Jobless Claims (week ended 11/20/2021)
- Initial Claims seasonally adjusted 199,000. Previous was 270,000
- Initial Claims unadjusted, totaled 258,622 an increase of 18,187 from the previous week
- 4-Week Moving Average seasonally adjusted 252,250. Previous was 273,250
Total receiving regular state UI decreased by 168,253
Total receiving Pandemic UI decreased by 456,310
Total receiving Emergency Pandemic UI decreased by 121,418
Total receiving any UI decreased by 752,390
Source: Labor Department Details: https://www.dol.gov/ui/data.pdf
Retail Inventories (October 2021)
- Month over Month 0.1% . Previous was -0.2%
This is a component of 4thQ GDP.
Source: Census Details: https://www.census.gov/retail/index.html
Wholesale Inventories (October 2021)
- Inventories +2.2%. Previous was +1.4%
Source: Census Details: https://www.census.gov/wholesale/pdf/mwts/currentwhl.pdf
New Home Sales (October 2021)
- Annual Rate 745,000. Previous was 742,000
Source: Census Details: https://www.census.gov/construction/nrs/pdf/newressales.pdf
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