Economy · June 24, 2022

Calculated risk: Friday: sale of new homes

from Active calculated risk 06/23/2022 20:42:00

Mortgage ratesMortgage rates have dropped from 6.28% just over a week ago to 5.75% today.

• At 10am ET, New home sales for May from the Census Bureau. The consensus is for 580,000 SAARs, down from 591,000 in April.

• Then, at 10:00, University of Michigan Consumer Sentiment Index (June ending). Consent is for a reading of 50.2.

On COVID (focus on hospitalizations and deaths):

COVID metrics
Now Week
Percentage fully vaccinated 66.8% ≥70.0%1
Fully vaccinated (millions) 221.9 ≥2321
New cases a day3 97.430 103.175 ≤5,0002
Hospitalized3🚩 24,831 24,358 ≤3,0002
Deaths a day3 255 285 ≤502
1 Minimum to obtain “herd immunity” (estimated between 70% and 85%).
2my goals to stop daily posts,
3Average of 7 days for cases, currently hospitalized and deaths
🚩 Increase in 7-day weekly average for cases, hospitalized and deaths

✅ Objective achieved.

Positive COVID-19 tests per dayClick on the graphic to enlarge the image.

This graph shows the daily (columns) and 7-day (line) mean of reported deaths.

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