Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
Click on graph for larger image.
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
• At 8:30 AM, Housing Starts for April. The consensus is for 1.773 million SAAR, down from 1.793 million SAAR in March.
• 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 Metrics | ||||
|---|---|---|---|---|
| Now | Week Ago |
Goal | ||
| Percent fully Vaccinated | 66.5% | — | ≥70.0%1 | |
| Fully Vaccinated (millions) | 220.7 | — | ≥2321 | |
| New Cases per Day3🚩 | 94,199 | 74,889 | ≤5,0002 | |
| Hospitalized3🚩 | 15,977 | 13,990 | ≤3,0002 | |
| Deaths per Day3 | 274 | 307 | ≤502 | |
| 1 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. |
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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.