In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Monday, November 15, 2021

Tuesday: Retail Sales, Industrial Production, Homebuilder Survey

by Calculated Risk on 11/15/2021 07:36:00 PM

From Matthew Graham at Mortgage News Daily: Upward Momentum Continues For Mortgage Rates

After hitting the lowest levels in over a month last Tuesday, mortgage rates have been moving higher fairly quickly each day since then. Most of the damage occurred on Wednesday and Friday of last week (markets were closed on Thursday), but today got progressively worse as the hours ticked by. [30 year fixed 3.23%]
emphasis added
• At 8:30 AM ET, Retail sales for October will be released. The consensus is for a 1.1% increase in retail sales.

• At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for October. The consensus is for a 0.7% increase in Industrial Production, and for Capacity Utilization to increase to 75.7%.

• At 10:00 AM, The November NAHB homebuilder survey. The consensus is for a reading of  80, unchanged from 80. Any number above 50 indicates that more builders view sales conditions as good than poor.