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Wednesday: Durable Goods, Pending Home Sales, Preliminary Employment Benchmark Revision

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by Calculated Risk on 8/23/2022 08:56:00 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, Durable Goods Orders for July from the Census Bureau. The consensus is for a 0.5% increase in durable goods orders.

o At 10:00 AM, Pending Home Sales Index for July. The consensus is for a 3.8% decrease in the index.

o Also at 10:00 AM, the Bureau of Labor Statistics (BLS) will release the 2022 Preliminary Benchmark Revision to Establishment Survey Data.

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

On COVID (focus on hospitalizations and deaths):

COVID MetricsNowWeekAgoGoalNew Cases per Day289,580101,176<=5,0001Hospitalized233,37935,761<=3,0001Deaths per Day2387443<=5011my goals to stop daily posts,27-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.

: Lyft to sublease its office space in four cities because of remote work

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