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Wednesday: Housing Starts

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by Calculated Risk on 5/17/2022 09:01:00 PM

Wednesday:
o At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

o At 8:30 AM, Housing Starts for April. The consensus is for 1.773 million SAAR, down from 1.793 million SAAR in March.

o During the day, The AIA’s Architecture Billings Index for April (a leading indicator for commercial real estate).

On COVID (focus on hospitalizations and deaths):

COVID MetricsNowWeek
AgoGoalPercent fully Vaccinated66.5%—>=70.0%1Fully Vaccinated (millions)220.7—>=2321New Cases per Day3?94,19974,889<=5,0002Hospitalized3?15,97713,990<=3,0002Deaths per Day3274307<=5021 Minimum to achieve “herd immunity” (estimated between 70% and 85%).
2my goals to stop daily posts,
37-day average for Cases, Currently Hospitalized, and Deaths
? Increasing 7-day average week-over-week for Cases, Hospitalized, and Deaths

? Goal met.

Click on graph for larger image.

This graph shows the daily (columns) and 7-day average (line) of deaths reported.New cases have more almost quadrupled from the recent low, and hospitalizations are increasing week-over-week.

Average daily deaths bottomed in July 2021 at 214 per day.

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