March 16, 2022

MBA Mortgage Applications (week ended 3/11/2022)

- Purchase Index week/week 1.0%. Previous weeks were +9.0%, -2.0%, -10.0%, -1.0%, -10.0%, +4.0%, -2.0%, 8.0%, 2.0%, -4.0% -3.3%, +1.0%, -5.0%,+5.0%, 5.0%,  +2.0%, and +3.0%

- Refinance Index week/week -3.0%. Previous weeks  were +9.0%, +1.0%, -16.0%, -9.0%, -7.0%,  +18.0%, -13.0%, -3.0%, -0.1%, -2.0%, +2.2%,-6.0%,  +9.0%, 15.0%, +0.4%, -5.0%,  and+7.0%

- Composite Index week/week -1.2%.   Previous weeks were 8.5%, -0.7%, -13.1%, -5.4%, -8.1%, +4.0%, -7.1%, 2.3%, +1.4%, 2.7%, -0.6%, -4.0%, +2.0%, -7.2, +1.8%, -2.8%., and+5.5%

Source:  MBA (Mortgage Bankers Association) Details: https://www.mba.org/2022-press-releases/march/mortgage-applications-decrease-in-latest-mba-weekly-survey-x295031

 

Retail Sales  (February 2022)

- Retail Sales month/month  +0.3%. Previous was +4.9%

- Ex-Vehicles month/month  +0.2%. Previous was +4.4%

- Ex-Vehicles & Gas month/month  -0.4%   Previous was +5.2%

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 (February 2022)

- Import Prices month/month     +1.4%. Previous was +1.9%

- Import Prices year/year    +16.6%. Previous was +15.0%

- Export Prices month/month   +3.0%. Previous was +2.8%

- Export Prices year/year    +16.6%. Previous was +15.0%

 

Business Inventories (January 2022)

- Inventories month/month  +1.1%. Previous was +2.4%.

This is a component of 1stQ 2022 GDP.

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

 

Housing Market Index (March 2022)

- Index  79.  Previous was   81

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.