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Friday: New Home Sales


by Calculated Risk on 6/23/2022 08:42:00 PM

Mortgage rates have fallen from 6.28% just over one week ago to 5.75% today.

o At 10:00 AM ET, New Home Sales for May from the Census Bureau. The consensus is for 580 thousand SAAR, down from 591 thousand in April.

o Also, at 10:00 AM, University of Michigan’s Consumer sentiment index (Final for June). The consensus is for a reading of 50.2.

On COVID (focus on hospitalizations and deaths):

COVID MetricsNowWeek
AgoGoalPercent fully Vaccinated66.8%—>=70.0%1Fully Vaccinated (millions)221.9—>=2321New Cases per Day397,430103,175<=5,0002Hospitalized3?24,83124,358<=3,0002Deaths per Day3255285<=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.

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

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