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
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