August 31, 2022

MBA Mortgage Applications (week ended (8/26/2022)

- Purchase Index week/week -1.8%. Previous weeks were -0.5%, -0.8%, -1.4%, 1.0%, -0.8%, -7.3%, 3.6%, -4.3%, +0.1% , +7.9%, 8.1%, 7.1%, -0.6%, +0.2%., -11.9%, +4.8%, 4.1%, and -8%.

- Refinance Index week/week -7.9%.  Previous weeks  were -2.8%, -5.4%, 3.5%, 1.5%, 3.7%, -4.3%, 2.2%, -7.7%, +1.9% , -3.1%, 3.7%, 5.6%,  -5.4%, -3.9%, +0.2%., -9.5%,  2.0%,  and 0.2%

- Composite Index week/week -3.7%. Previous weeks were -1.2%, -2.3%, 0.2%, 1.2%, -1.8%, -6.3%, -1.7%, -5.4%, +0.7% , +4.2%, 6.6%,  -6.5%, -2.3%, -1.2% , -11.0%, +2.0%, and 2.5%.

Source:  MBA. https://www.mba.org/news-and-research/newsroom/news/2022/08/31/mortgage-applications-decrease-in-latest-mba-weekly-survey

 

 

ADP Private Jobs  (August 2022)

- Private Jobs +132,000. Previous was +268,000

Source: ADP   Details:  https://www.mba.org/news-and-research/newsroom/news/2022/08/31/mortgage-applications-decrease-in-latest-mba-weekly-surveyhttps://adpemploymentreport.com/

 

August 30, 2022

Case-Shiller House Price Index (June 2022)

- 20-City Adjusted month/month  0.41. Previous was 1.3%

- 20-City Unadjusted month/month   0.4%. Previous was 1.5%

- 20-City Unadjusted year/year        18.6%. Previous was 20.5%

Source: Core Logic  https://www.spglobal.com/spdji/en/index-family/indicators/sp-corelogic-case-shiller/sp-corelogic-case-shiller-composite/#overview

 

FHFA House Price Index  (June 2022)

- month/month 0.1%. Previous was 1.3%

- year/year +16.2%. Previous was +18.3%

Source:  FHFA  Details:  https://www.fhfa.gov/Media/PublicAffairs/Pages/US-House-Prices-Rise-17pt7-Percent-over-the-Last-Year.aspx

 

Consumer Confidence  (August 2022)

- Index 103.2. Previous was 95.3

Source:  Conference Board

 

JOLTS  (July 2022)

- Job Openings 11,239,000.  Previous was 11,040,000.

Source:  BLS  Details: https://www.bls.gov/news.release/pdf/jolts.pdf

 

August 26, 2022

Goods Trade Deficit (July 2022) - Advance

- Deficit $89.1 billion.  Previous was $96.2 billion

This is a component of 3rdQ GDP.

 

Personal Income and Outlays (July 2022)

- Personal Income month/month   0.2%. Previous was 0.7%

- Personal Consumption Expenditures month/month  0.1%. Previous was 1.0%

- PCE Price Index month/month   -0.1% . Previous was 1.0%    

- PCE Price Index year/year  6.3%. Previous was 6.8%

- Core PCE Price Index month/month  0.1%. Previous was  0.6%

- Core PCE Price Index year/year  4.6%. Previous was 4.8%

Source:  BEA  Details: https://www.bea.gov/news/2022/personal-income-and-outlays-july-2022

 

Retail Inventories (July 2022) - Advance

- Month over Month 1.1%. Previous was 2.0%

This is a component of 3rdQ GDP

Source:  Census  Details: https://www.census.gov/retail/index.html

 

Wholesale Inventories   (July 2022) - Advance

- Inventories 0.8%.  Previous was 1.9%

Source:  Census  Details:  https://www.census.gov/wholesale/pdf/mwts/currentwhl.pdf

 

Consumer Sentiment (July 2022)

- Index 51.5. Previous was 50.0

This is supposed to measure consumers stated views as to spending in the next 3 months.

Source: University of Michigan's Consumer Survey Center     Details:  http://www.sca.isr.umich.edu

August 25, 2022

GDP  (2ndQ 2022)

- Quarter over Quarter - annualized   -0.6%.  Previous estimate was -0.9%

- Personal Consumption Expenditures - annualized    +1.5%. Previous was +1.0%

Details: https://www.bea.gov/data/gdp/gross-domestic-product

 

Initial Jobless Claims (week ended 8/19/2022)

- Initial Claims seasonally adjusted 243,000. Previous was 245,000

- Initial Claims,  uunadjusted, totaled 184,414 in the week ending August 20, a decrease of 3,039 (or 1.6 percent) from the previous week. 

- 4-Week Moving Average seasonally adjusted  247,750. Previous was  245,500

Numbers below are for the week ended 7/30

Total receiving regular state UI decreased by 33,647

Total receiving any UI decreased by 32,948

Source:  Labor Department   Details: https://www.dol.gov/ui/data.pdf

 

August 24, 2022

MBA Mortgage Applications (week ended (8/12/2022)

- Purchase Index week/week -0.5% . Previous weeks were -0.8%, -1.4%, 1.0%, -0.8%, -7.3%, 3.6%, -4.3%, +0.1% , +7.9%, 8.1%, 7.1%, -0.6%, +0.2%., -11.9%, +4.8%, 4.1%, -8% , and -3.0%.

- Refinance Index week/week -2.8%.  Previous weeks  were -5.4%, 3.5%, 1.5%, 3.7%, -4.3%, 2.2%, -7.7%, +1.9% , -3.1%, 3.7%, 5.6%,  -5.4%, -3.9%, +0.2%., -9.5%,  2.0%,  0.2%, and -9%.

- Composite Index week/week -1.2%. Previous weeks were -2.3%, 0.2%, 1.2%, -1.8%, -6.3%, -1.7%, -5.4%, +0.7% , +4.2%, 6.6%,  -6.5%, -2.3%, -1.2% , -11.0%, +2.0%, 2.5%, -8.3%, and -5.0%

Source:  MBA. https://www.mba.org/news-and-research/newsroom/news/2022/08/24/mortgage-applications-decrease-in-latest-mba-weekly-survey

 

Durable Goods Orders (July 2022)

- New Orders month/month  0.0%. Previous was 1.9%%

- Ex-Transportation month/month    0.3%. Previous was 0.3%

- Core Capital Goods month/month    0.4%. Previous was 0.9%

Source:  Census  Details:  https://www.census.gov/economic-indicators/#durable_goods

 

 

Pending Home Sales Index  (July 2022)

- Month over Month -1.0%. Previous was -8.9%.

This accounts only for Existing Home Sales.

Source: National Association of Realtors https://www.nar.realtor/infographics/pending-home-sales-snapshot

August 23, 2022

PMI Composite Flash  (August 2022)

- Composite Index       45.0. Previous was 47.7 

- Manufacturing Index 51.3. Previous was 52.2

= Services Index       44.1. Previous was 49.0

 

New Home Sales (July 2022)

- Annual Rate 511,000. Previous was 585,000

Data is seasonally adjusted and annualized.

Source:  Census  https://www.census.gov/construction/nrs/pdf/newressales.pdf

August 18, 2022

Initial Jobless Claims (week ended 8/12/2022)

- Initial Claims seasonally adjusted 250,000. Previous was 252,000

- Initial Claims,   uunadjusted, totaled 191,834 in the week ending August 13, a decrease of 4,536 (or -2.3 percent) from the previous week

- 4-Week Moving Average seasonally adjusted  246,750. Previous was  249,500

Numbers below are for the week ended 7/23

Total receiving regular state UI increased by 3,289 

Total receiving any UI increased by 2,696

Source:  Labor Department   Details: https://www.dol.gov/ui/data.pdf

 

Existing Home Sales (July 2022)

- Annual Rate 4,810,000. Previous was 5,110,000

- Month over Month -5.9%. Year over Year -20.2%

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

 

Leading Indicators (July 2022)

- month over month -0.4%, Previous was -0.7%

This is based on 10 forward looking indicators.

Source:  Conference Board  Details:  https://conference-board.org/data/bcicountry.cfm?cid=1

August 17, 2022

MBA Mortgage Applications (week ended (8/12/2022)

- Purchase Index week/week  -0.8%. Previous weeks were -1.4%, 1.0%, -0.8%, -7.3%, 3.6%, -4.3%, +0.1% , +7.9%, 8.1%, 7.1%, -0.6%, +0.2%., -11.9%, +4.8%, 4.1%, -8% , -3.0%, and +1.0%.

- Refinance Index week/week -5.4%.  Previous weeks  were 3.5%, 1.5%, 3.7%, -4.3%, 2.2%, -7.7%, +1.9% , -3.1%, 3.7%, 5.6%,  -5.4%, -3.9%, +0.2%., -9.5%,  2.0%,  0.2%, -9%, and -8%.

- Composite Index week/week  -2.3%. Previous weeks were 0.https://www.census.gov/mtis/www/data/pdf/mtis_current.pdf2%, 1.2%, -1.8%, -6.3%, -1.7%, -5.4%, +0.7% , +4.2%, 6.6%,  -6.5%, -2.3%, -1.2% , -11.0%, +2.0%, 2.5%, -8.3%, -5.0%, and -1.3%.

Source:  MBA. https://www.mba.org/news-and-research/newsroom/news/2022/08/17/mortgage-applications-decrease-in-latest-mba-weekly-survey

 

Retail Sales  (July 2022)

- Retail Sales month/month  0.0%. Previous was 1.0%

- Ex-Vehicles month/month  0.4%. Previous was +0.9%

- Ex-Vehicles & Gas month/month  0.7%   Previous was 0.7%

Retail Sales is the largest component of 3rdQ 2022 GDP.  This data is seasonally adjusted but not inflation adjusted.

Source:  Census  Details:  https://www.dol.gov/ui/data.pdf

 

Business Inventories (June 2022)

- Inventories month/month  +1.4%. Previous was +1.6%.

This is a component of 2nd 2022 GDP.

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

 

August 16, 2022

Housing Starts and Permits (July 2022)

- Starts - Annual Rate    1,446,000. Previous was 1,599,000

- Permits - Annual Rate    1,674,000. Previous was 1,696,000

A goal must be to keep starts above the 1.500,000 annual needed to accommodate expanded population and units lost. 

SFR Starts were 1,124,000.

Source:  Census  Details:  https://www.census.gov/construction/nrc/pdf/newresconst.pdf

 

 

Industrial Production  (July 2022)

- Industrial Production month/month 0.6%.    Previous was +0.0%.

- Manufacturing Output month/month 0.7% . Previous was  -0.4%

- Capacity Utilization Rate        80.3%. Previous was 79.9

- Industrial Production year/year +3.9%

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

August 15, 2022

Housing Market Index (August 2022)

- Index  49.  Previous was   55.

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.

 

August 12, 2022

Import and Export Prices (July 2022)

- Import Prices month/month     -1.4%. Previous was +0.3%

- Import Prices year/year    8.8%. Previous was +10.7%

- Export Prices month/month   -3.3%. Previous was 0.7%

- Export Prices year/year    +13.1%. Previous was +18.1%

 

Consumer Sentiment (August 2022)

- Index 55.1. Previous was 51.5

This is supposed to measure consumers stated views as to spending in the next 3 months.

Source: University of Michigan's Consumer Survey Center     Details:  http://www.sca.isr.umich.edu