by Calculated Risk on 1/24/2022 07:41:00 PM

Tuesday:
• At 9:00 AM ET, FHFA House Price Index for November. This was originally a GSE only repeat sales, however there is also an expanded index.

• Also, at 9:00 AM, S&P/Case-Shiller House Price Index for November. The consensus is for a 18.0% year-over-year increase in the Comp 20 index.

• At 10:00 AM, Richmond Fed Survey of Manufacturing Activity for January.

• Also, at 10:00 AM, State Employment and Unemployment (Monthly) for December 2021

On COVID (focus on hospitalizations and deaths):

COVID Metrics
	Today	Week Ago	Goal
Percent fully Vaccinated	63.4%	---	≥70.0%1
Fully Vaccinated (millions)	210.5	---	≥2321
New Cases per Day3	663,908	788,527	≤5,0002
Hospitalized3	136,135	141,565	≤3,0002
Deaths per Day3🚩	1,936	1,886	≤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.

Click on graph for larger image.

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

New cases are now declining.

Unfortunately, deaths are still rising, but well below the previous 7-day average record of 3,421 in January 2021.