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

Tuesday, May 10, 2022

Wednesday: CPI

by Calculated Risk on 5/10/2022 09:00:00 PM

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

• At 8:30 AM, The Consumer Price Index for April from the BLS. The consensus is for 0.2% increase in CPI (up 8.1% YoY), and a 0.4% increase in core CPI (up 6.1% YoY).

On COVID (focus on hospitalizations and deaths):

COVID Metrics
Percent fully Vaccinated66.3%---≥70.0%1
Fully Vaccinated (millions)220.2---≥2321
New Cases per Day3🚩74,71260,554≤5,0002
Deaths per Day3323331≤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.

COVID-19 Positive Tests per DayClick on graph for larger image.

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

New cases have more than doubled from the recent low, and hospitalizations are increasing week-over-week.

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