Daily Chartbook

Daily Chartbook is a Substack focusing on economic and market trends through curated charts and insights. It covers aspects of the housing market, consumer behavior, global economic indicators, financial conditions, and sector-specific challenges, providing a broad view of current economic health and future expectations.

Housing Market Trends Consumer Behavior Global Economic Indicators Financial Conditions Sector-Specific Challenges Labor Market Dynamics Trade and Commerce Monetary Policy Impacts

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And their main takeaways

Daily Chartbook #278

3694 implied HN points • 13 Sep 23
💰 Finance Real Estate Small business Inflation Wages Economics
  1. The median U.S. asking rent in August was just below the record high set a year earlier.
  2. Commercial real estate prices are expected to decrease this cycle, ranging from -15% for apartments to -40% for office spaces.
  3. Small businesses are facing challenges with credit conditions and labor quality.

Housing Snapshot

1048 implied HN points • 04 Mar 24
💰 Finance Housing Market Mortgage Rates Housing Affordability
  1. The average rate on a 30-year mortgage has increased for 4 weeks in a row, reaching 6.94%.
  2. Mortgage delinquencies rose for the second straight quarter across all product types, with an increase in new loans entering delinquency.
  3. Nearly 40% of US homes do not have a mortgage, showing a substantial portion of homeowners are mortgage-free.
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Daily Chartbook #305

1572 implied HN points • 20 Oct 23
💰 Finance Economy Investing Markets Stocks Bonds
  1. Homebuyer demand is at its lowest level in nearly a year.
  2. Existing home sales have dropped to their lowest point since October 2010.
  3. The national median existing-home price rose 2.8% in September from a year earlier to $394,300.

Daily Chartbook #289

1676 implied HN points • 28 Sep 23
💰 Finance Markets Investing Economy Stocks Bonds
  1. Rising mortgage rates are impacting demand in the housing market
  2. The total value of the US housing market is significantly higher than pre-pandemic levels
  3. Consumer credit card and home equity utilization remains below pre-pandemic levels

Daily Chartbook #284

1676 implied HN points • 21 Sep 23
💰 Finance Markets Economy Investing Stocks Analysis
  1. Nearly 80% support homebuilding, but only 33% support large apartment complexes near their home.
  2. Landlords with 1,000+ properties made up 0.4% of U.S. home purchases in Q2, down from 2.4% in late 2021.
  3. Used car prices rose 1.5% in September, but were down 3.5% from September 2022.

Daily Chartbook #300

1545 implied HN points • 13 Oct 23
💰 Finance Economics Investing Markets Stocks Analysis
  1. The share of for-sale homes with price drops is at its highest level in a year.
  2. Redfin's Homebuyer Demand Index has dropped to its lowest level in a year.
  3. Jobless claims remained unchanged at 209k, but continuing claims rose more than expected for the 3rd week in a row.

Daily Chartbook #276

1729 implied HN points • 09 Sep 23
💰 Finance Economy Markets Investing Banking Stocks
  1. Global food prices fell 2.1% in August to the lowest in over 2 years.
  2. US imported more from Mexico than China for the first time since '03, affecting the economy.
  3. Used vehicle prices were up 0.2% MoM in August, but down 7.7% YoY.

Daily Chartbook #295

1572 implied HN points • 06 Oct 23
💰 Finance Economy Markets Investing Stocks Bonds
  1. Typical mortgage rates fluctuate around the average rate.
  2. Median monthly mortgage payment has increased by 10.2% YoY.
  3. Homebuyers with a $3,000 budget have lost $40,000 in purchasing power since last year due to rising mortgage rates.

Daily Chartbook #299

1414 implied HN points • 12 Oct 23
💰 Finance Mortgage Corporate
  1. US Weekly mortgage applications rose despite increasing rates.
  2. Percentage of outstanding 30-year mortgages have incentives for refinancing.
  3. There's a geoeconomic risk discount applied to global equity markets.

Daily Chartbook #312

1283 implied HN points • 31 Oct 23
  1. Financial conditions are tight, similar to a year ago
  2. Non-mortgage interest payment as % of disposable income is high
  3. Financing costs mentioned in S&P 500 earnings calls have increased

Daily Chartbook #302

1336 implied HN points • 17 Oct 23
  1. Empire State Manufacturing index fell in October but outlook remains optimistic.
  2. US government interest payments per day doubled from pre-pandemic levels to nearly $2bn in 2023.
  3. Cash to assets ratio for both aggregate and typical stocks is low, posing challenges in a restricted financing environment.

Daily Chartbook is Going Paid

1336 implied HN points • 16 Oct 23
  1. Daily Chartbook will be transitioning to a paid subscription model starting November 1.
  2. There will be options for monthly and annual subscriptions, with special pricing for annual subscribers.
  3. A free, entry-level newsletter called DC Lite will be available alongside the paid subscription, providing 5 top charts and insights daily.

Daily Chartbook #331

1126 implied HN points • 29 Nov 23
  1. Home prices rose for 7th straight month in September.
  2. Retail sales jumped 6.3% YoY in the week ending Nov 25.
  3. Financial conditions eased due to higher equity prices and lower credit spreads.

Daily Chartbook #310

1257 implied HN points • 27 Oct 23
  1. Pending home sales rose 1.1% month-over-month, the best since January 2023.
  2. New listings saw their first annual increase since July 2022.
  3. Active listings experienced their smallest decline since July and are at their highest level since February.

Daily Chartbook #306

1283 implied HN points • 21 Oct 23
  1. The People's Bank of China provided a large sum of cash to lenders due to surging funding costs.
  2. The Cost of Capital for companies has risen, impacting financing decisions.
  3. Russell 2000 companies carry more debt compared to S&P 500 companies.

Daily Chartbook #264

1545 implied HN points • 23 Aug 23
💰 Finance Economy Investing Markets Stocks Trends
  1. Affordability calculations include median existing home prices and mortgage rates.
  2. US households are handling high mortgage rates well, so far affecting only homebuyers.
  3. Existing home sales decreased more than expected, with slowest pace since 2010.

Daily Chartbook #263

1545 implied HN points • 22 Aug 23
💰 Finance Investing Markets Economy Assets Stocks
  1. The US has the lowest homeowner vacancy rates in almost 70 years.
  2. The gap between 30-year mortgage rates and 10-year Treasury rates is widening.
  3. The trucking industry is reacting to higher freight volumes, indicating a potential market improvement.

Daily Chartbook #313

1205 implied HN points • 01 Nov 23
  1. Home prices continue to rise, with the largest cities showing significant gains.
  2. House Price Index and Rent Index indicate varied trends in the housing market.
  3. Employment Cost Index, Consumer Confidence, and Central Bank actions reflect economic shifts.

Daily Chartbook #281

1414 implied HN points • 16 Sep 23
💰 Finance Markets Economy Investing Stocks Banks
  1. US home prices rose 3% year over year to $420,846 in August.
  2. Total number of homes for sale hit a record low in August, dropping 1.1% month over month.
  3. Nearly 60,000 home-purchase agreements were canceled in August, up from a year earlier.

Daily Chartbook #303

1257 implied HN points • 18 Oct 23
  1. Homebuilder sentiment is at a low after an unexpected drop in October.
  2. The income needed to afford a home has increased significantly since the start of the pandemic.
  3. Global ocean container rates have hit a 5-year low.

Daily Chartbook #271

1467 implied HN points • 01 Sep 23
💰 Finance Economy Markets Investing Business Statistics
  1. Median home sale price increased by 4.8% in the four weeks ending August 27, the biggest jump since October.
  2. Active listings saw an 18.7% drop from a year earlier, the largest decline since February 2022.
  3. Employers cut 75k jobs in August, marking a 267% increase from a year ago.

Daily Chartbook #261

1519 implied HN points • 18 Aug 23
💰 Finance Investing Economics Markets Stocks Analysis
  1. Homebuyers are turning to newly built single-family homes due to low inventory.
  2. Auto production is above 2019 levels and likely won't increase much.
  3. Wholesale used-vehicle prices rose slightly in August compared to July but are still lower than in August 2022.