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Wednesday: New Home Sales


by Calculated Risk on 3/22/2022 09:27:00 PM

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

o At 8:00 AM, Discussion, Fed Chair Powell, Panel on Emerging Challenges for Central Bank Governors in a Digital World, At the Bank for International Settlements (BIS) Innovation Summit 2022 (Virtual)

o At 10:00 AM, New Home Sales for February from the Census Bureau. The consensus is for 815 thousand SAAR, up from 801 thousand in January.

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

On COVID (focus on hospitalizations and deaths):

COVID MetricsNowWeek
AgoGoalPercent fully Vaccinated65.4%—>=70.0%1Fully Vaccinated (millions)217.1—>=2321New Cases per Day328,65731,558<=5,0002Hospitalized318,20325,105<=3,0002Deaths per Day38611,167<=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, hospitalizations and deaths are now declining.

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