1/06/2021 12:32:00 PM
The following graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the December 2020 seasonally adjusted annual sales rate (SAAR).
Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy truck sales increased to a new all time high of 575 thousand SAAR in September 2019.
However heavy truck sales started declining in late 2019 due to lower oil prices.
Note: Heavy trucks - trucks more than 14,000 pounds gross vehicle weight.
Click on graph for larger image.
Heavy truck sales really declined towards the end of March due to COVID-19 and the collapse in oil prices, but have since rebounded.
Mortgage applications decreased 4.2 percent from two
weeks earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage
Applications Survey for the week ending January 1, 2021. The results include adjustments to account for
the holidays.
. The holiday adjusted Refinance Index decreased 6 percent from
two weeks ago. The unadjusted Refinance Index was 34 percent lower than two weeks ago and was 100
percent higher than the same week one year ago.
The seasonally adjusted Purchase Index decreased
0.8 percent from two weeks ago. The unadjusted Purchase Index decreased 30 percent compared with
two weeks earlier and was
3 percent higher than the same week one year ago.