December 22, 2021

GDP  (3rdQ 2021)

- Quarter over Quarter - annualized    2.3%. Previous estimate was 2.1%. 

- Personal Consumption Expenditures - annualized    2.0%. Previous was 1.7%

Source: BEA  Details:  https://www.bea.gov/news/2021/gross-domestic-product-third-estimate-gdp-industry-and-corporate-profits-revised-3rd

 

MBA Mortgage Applications (week ended 12/17/2021)

 

- Purchase Index week/week -3.3%. Previous weeks were +1.0%, -5.0%., +5.0%, 5.0%,  +2.0%, +3.0%, -2.0%., -5.0%, +4.0%, +0.2%, -2.0%, -1.0%, +2.0%,  +8.0%,  -0.2%, +1.0%, and +3.0%,

- Refinance Index week/week +2.2%. Previous weeks  were  -6.0%,  +9.0%, 15.0%, +0.4%, -5.0%,  +7.0%., 4.0%, -2.0%, -7.0%, -1.0%, -10.0%, -1.0%, +7.0%, -3.0%, -3.0, -4.0%, and +1.0%

- Composite Index week/week -0.6%.   Previous weeks were -4.0%, +2.0%, -7.2, +1.8%, -2.8%., +5.5%, -3.3%, +0.3%,  -6.3%, +0.2%, -6.9%, -1.1%, +4.9, +0.3%, -1.9%, and -2.4%

Source:  MBA    Details: https://www.mba.org/2021-press-releases/december/mortgage-applications-decrease-in-latest-mba-weekly-survey-x288292

 

Consumer Confidence  (December 2021)

- Index 115.8. Previous was 111.0.

This is the metric from the Conference Board.  This is supposed to indicate Consumer Spending in the next 6 months.

 

Existing Home Sales (November 2021)

- Annual Rate  6,460,000. Previous was 6,340,000

- Month over Month  +1.9%. Year over Year -2.9%

 

Source:   National Association of Realtors®.  Details: https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales