Mortgage applications dropped another 5.8% last week, the third sharp w/w decline in November. The decline lowered the average level of activity in November to just 1.0% above October according to the Mortgage Bankers Association [...]
Introducing
Tom Moeller
in:Our Authors
Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
Publications by Tom Moeller
Global| Dec 01 2004Mortgage Applications Down Further
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2004
U.S. Construction Spending Flat Again in October
The total value of construction put in place remained stalled in October for the third straight month versus the Consensus expectation for a 0.7% rise. Private residential building activity fell 0.3% for the second consecutive month [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2004
U.S. Personal Income Rebounded
Personal income rebounded 0.6% in October from a light 0.2% gain the month prior. Proprietors' income surged 1.9% (6.5%y/y) after declines during the three prior months. Consensus expectations had been for a 0.5% October rise in total [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2004
ISM Factory Index Up
The Composite Index of activity in the manufacturing sector from the Institute of Supply Management rose a point last month to 57.8 versus Consensus expectations for little change at 57.0. During the last twenty years there has been a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2004
ISM Factory Index Up
The Composite Index of activity in the manufacturing sector from the Institute of Supply Management rose a point last month to 57.8 versus Consensus expectations for little change at 57.0. During the last twenty years there has been a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2004
Chicago Purchasing Agents' Index Fell, Employment Strong
The Chicago Purchasing Managers Business Barometer fell 3.3 points in November to 65.2 and reversed half of the October move upward. Consensus expectations had been for a decline to 62.0. During the last ten years there has been a 73% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2004
Consumer Confidence Down Again
The Conference Boards Index of Consumer Confidence fell for the fourth consecutive month, down 2.6% in November to the lowest level (90.5) since March. Consensus expectations had been for a reading of 96.0. During the last twenty [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2004
Chain Store Sales Very Disappointing During Thanksgiving Week
Chain store sales during the pivotal Thanksgiving week slid 1.5% from the prior week, according to the International Council of Shopping Centers (ICSC)-UBS. The decline left sales so far in November just 0.4% ahead of October. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2004
US 3Q GDP Revised Up, Corporate Profits Fell
US real GDP advanced 3.9% (AR) last quarter, up slightly from the advance report of growth at a 3.7% rate. The Consensus expectation had been for no change at 3.7%. Corporate profits w/ inventory (IVA) and capital consumption [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2004
US 3Q GDP Revised Up, Corporate Profits Fell
US real GDP advanced 3.9% (AR) last quarter, up slightly from the advance report of growth at a 3.7% rate. The Consensus expectation had been for no change at 3.7%. Corporate profits w/ inventory (IVA) and capital consumption [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 24 2004
U.S. Consumer Sentiment Faded Late Month
Though the November reading of Consumer Sentiment from the University of Michigan rose to 92.8, that was lower than the mid-month reading of 95.5 and indicated that Sentiment faded as the month progressed. Consensus expectations for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 24 2004
Help-Wanted Advertising Up Slightly
The National Index of Help-Wanted Advertising published by the Conference Board rose slightly to 37 in October but has been moving sideways since 2Q 2003. The proportion of labor markets with rising want-ad volume, however, more than [...]
by:Tom Moeller
|in:Economy in Brief
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