February 16, 2022

MBA Mortgage Applications (week ended 2/11/2022)

- Purchase Index week/week -1.0%. Previous weeks were -10.0%, +4.0%, -2.0%, 8.0%, 2.0%, -4.0% -3.3%, +1.0%, -5.0%,+5.0%, 5.0%,  +2.0%, +3.0%, -2.0%., -5.0%, +4.0%, and +0.2%

- Refinance Index week/week -9.0% . Previous weeks  were -7.0%,  +18.0%, -13.0%, -3.0%, -0.1%, -2.0%, +2.2%,-6.0%,  +9.0%, 15.0%, +0.4%, -5.0%,  +7.0%., 4.0%, -2.0%, -7.0%, and -1.0%

- Composite Index week/week -5.4%.   Previous weeks were -8.1%, +4.0%, -7.1%. 2.3%, +1.4%, 2.7%, -0.6%, -4.0%, +2.0%, -7.2, +1.8%, -2.8%., +5.5%, -3.3%, +0.3%,  -6.3%, and +0.2%

Details: https://www.mba.org/2022-press-releases/february/mortgage-applications-decrease-in-latest-mba-weekly-survey-x288923

 

Retail Sales  (January 2022)

- Retail Sales month/month  +3.8%. Previous was -2.5%

- Ex-Vehicles month/month  +3.3%. Previous was -2.8%

- Ex-Vehicles & Gas month/month  +3.8%   Previous was -3.2%

Retail Sales is the largest component of 1stQ 2022 GDP.  This data is seasonally adjusted but not inflation adjusted.

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

 

Import and Export Prices  (January 2022)

- Import Prices month/month     +2.0%. Previous was -0.4%

- Import Prices year/year    +10.8%. Previous was +10.2%

- Export Prices month/month   -1.8%. Previous was +0.8%

- Export Prices year/year    +15.1%. Previous was +14.8%

Source: BLS  Details: https://www.bls.gov/mxp/

 

Industrial Production  (January 2022)

- Industrial Production month/month +1.4%.    Previous was -0.1%.

- Manufacturing Output month/month +0.2% . Previous was  -0.1%

- Capacity Utilization Rate        77.6%. Previous was 76.6%

- Industrial Production year/year +4.1%

Source:  Federal Reserve  Details: https://www.federalreserve.gov/releases/g17/current/g17.pdf

 

Business Inventories (December 2021)

- Inventories month/month  +2.1%. Previous was +1.5%.

This is a component of 4thQ 2021 GDP.

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

 

Housing Market Index (February 2022)

- Index  82.  Previous was   83

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.