January 10, 2023

Wholesale Inventories (November 2022) (Preliminary)

- Inventories 0.5%.  Previous was 1.0%

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

January 5, 2023

Challenger Job-Cut Report  (November 2022)

- Level 43,651.  Previous was  78,835

ADP Private Jobs  (December 2022)

- Private Jobs  235,000. Previous was 182,000

 

Trade Deficit  (November 2022)

- Deficit $61.5 billion.  Previous was $77.8 billion.

This is a component of 4thQ GDP.

Source:  BEA  Details:  https://www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services

 

Initial Jobless Claims (week ended 12/31/2022)

- Initial Claims seasonally adjusted 204,000. Previous was 223,000

- Initial Claims,  unadjusted, totaled 275,552 in the week ending December 31, an increase of 5,703 (or 2.1 percent) from the previous week

- 4-Week Moving Average seasonally adjusted  213,0750. Previous was  220,500

Numbers below are for the week ended 12/17

Total receiving regular state UI increased by 90,369 

Total receiving any benefits increased by 91,461

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

 

PMI Composite Final  (December 2022)

- Composite Index    44.7

- Services Index       45.0

January 4, 2023

MBA Mortgage Applications (week ended (12/30/2022)

- Purchase Index week/week -12.0%. Previous weeks were -0.1%, 4.0%,-3.4, 3.8%, 1.8%, 4.4%,1.3%, -0.8%, 2.3%, -3.7%, -2.1%, -12.6%, -0.4%, +1.0%, +0.2%,  -0.7%, -1.8%, -0.5%, and -0.8%.

- Refinance Index week/week -4.4%. Previous weeks were 6.0%, 2.8%, 4.7%, -12.9, 1.8%, -1.6%, 3.5%, 0.2%, 0.0%, -6.9%, -1.8%, -17.8%, -10.9%, +10.4%, -1.2%,-1.1%, -7.9%, and -2.8%.

- Composite Index week/week -10.3%. Previous weeks were  0.9%, 3.2%, -1.9%, -0.8%, 2.2%, 2.7%, -0.1%, -0.5%, -1.7%, -4.5%, -2.0%, -14.2% , -3.7%, +3.8%, -4.2%, 0.8%, -3.7%, -1.8%, and -7.9%.

Source: MBA.  https://www.mba.org/news-and-research/newsroom/news/2023/01/04/mortgage-applications-decreased-over-a-two-week-period-in-latest-mba-weekly-survey

 

ISM Manufacturing Index  (December 2022)

- Index 48.4. Previous was 49.0.

Source:  Institute for Supply Management

 

JOLTS  (November 2022)

- Job Openings 10,458,000.  Previous was 10,334,000.

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

 

January 3, 2023

PMI Manufacturing Final (December 2022)

- Index 46.2

A survey index from the supply side.

Source:  Markit Economics

 

Construction Spending  (November  2022)

- Month over month 0.2%. Previous was -0.2%

- Year over Year 8.5%. Previous was 9.7%.

Source:  Census  Details: https://www.census.gov/construction/c30/pdf/release.pdf

 

December 29, 2022

Initial Jobless Claims (week ended 12/24/2022)

- Initial Claims seasonally adjusted 225,000. Previous was 216,000

- Initial Claims,  unadjusted, totaled  271,590 in the week ending December 24, an increase of 23,146 (or 9.3 percent) from the previous week.

- 4-Week Moving Average seasonally adjusted  221,000. Previous was  221,250

Numbers below are for the week ended 12/10

Total receiving regular state UI increased by 90,369 

Total receiving any benefits increased by 91,461

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

December 28, 2022

Pending Home Sales Index  (November 2022)

- Month over Month -4.0%. Previous was -4.6%.

This accounts only for Existing Home Sales.

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

 

December 27, 2022

Goods Trade Deficit (November 2022) - Advance

- Deficit $83.3 billion.  Previous was $98.8 billion

This is a component of 4thQ GDP.

 

Retail Inventories (November 2022) - Advance

- Month over Month 0.1%%. Previous was -0.2%

This is a component of 4thQ GDP

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

 

Wholesale Inventories   (November 2022) - Advance

- Inventories 1.0%.  Previous was 0.8%

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

 

Case-Shiller House Price Index (October 2022)

- 20-City Adjusted month/month  -0.5%. Previous was -1.2%

- 20-City Unadjusted month/month   -0.8%. Previous was -1.5%

- 20-City Unadjusted year/year        8.6%. Previous was 10.4%

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  (October 2022)

- month/month 0.0%. Previous was 0.1%

- year/year 9.8%. Previous was +11.0%

Source:  FHFA  Details:  https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-House-Price-Index-0pt0-Percent-in-October-Up-9pt8-Percent-from-Last-Year.aspx

 

December 22, 2022

Durable Goods Orders (November 2022)

- New Orders month/month  -2.1%. Previous was 0.7%

- Ex-Transportation month/month    0.2%. Previous was 0.1%

- Core Capital Goods month/month    0.2%. Previous was 0.3%

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

 

Personal Income and Outlays (November 2022)

- Personal Income month/month   0.4%. Previous was 0.7%

- Personal Consumption Expenditures month/month  0.1%. Previous was 0.9%

- PCE Price Index month/month   0.1%. Previous was 0.4%    

- PCE Price Index year/year  5.5%. Previous was 6.1%

- Core PCE Price Index month/month  0.2%. Previous was  0.3%

- Core PCE Price Index year/year  4.7%. Previous was 6.1%

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

 

New Home Sales (November 2022)

- Annual Rate 640,000. Previous was 605,000

Data is seasonally adjusted and annualized.

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

 

Consumer Sentiment (December 2022)

- Index 59.7. Previous was 59.1

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/

December 21, 2022

MBA Mortgage Applications (week ended (12/16/2022)

- Purchase Index week/week -0.1%. Previous weeks were 4.0%,-3.4, 3.8%, 1.8%, 4.4%,1.3%, -0.8%, 2.3%, -3.7%, -2.1%, -12.6%, -0.4%, +1.0%, +0.2%,  -0.7%, -1.8%, -0.5%, -0.8%, and -1.4%

- Refinance Index week/week 6.0%. Previous weeks were 2.8%, 4.7%, -12.9, 1.8%, -1.6%, 3.5%, 0.2%, 0.0%, -6.9%, -1.8%, -17.8%, -10.9%, +10.4%, -1.2%,-1.1%, -7.9%, -2.8%, and -5.4%

- Composite Index week/week 0.9%. Previous weeks were  3.2%, -1.9%, -0.8%, 2.2%, 2.7%, -0.1%, -0.5%, -1.7%, -4.5%, -2.0%, -14.2% , -3.7%, +3.8%, -4.2%, 0.8%, -3.7%, -1.8%, -7.9%, and -1.2%.

Source: MBA.  https://www.mba.org/news-and-research/newsroom/news/2022/12/21/mortgage-applications-increase-in-latest-mba-weekly-survey

 

Consumer Confidence  (December 2022)

- Index 101.4. Previous was 108.3

Source:  Conference Board

 

Existing Home Sales (November  2022)

- Annual Rate 4,090,000. Previous was 4,430,000

- Month over Month -7.7%. Year over Year -5.9%

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

 

December 20, 2022

Housing Starts and Permits (November 2022)

- Starts - Annual Rate    1,427,000. Previous was 1,434,000

- Permits - Annual Rate    1,342,000. Previous was 1,512,000

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

SFR Starts were 781,000.

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