Mortgage applications plunged 5.7% last week for the second sharp w/w decline this month, but the average level of activity so far in November still was up 3.1% from October according to the Mortgage Bankers Association (MBA). [...]
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| Nov 24 2004Mortgage Applications Plunged
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 24 2004
Initial Unemployment Insurance Claims Fell Unexpectedly
Last week, initial claims for unemployment insurance fell 12,000 to 323,000 from a little revised 335,000 the prior week. The Consensus expectation had been for 335,000 claims. The four week moving average of initial claims fell to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 24 2004
U.S. Durable Goods Orders Fell
Durable goods orders fell 0.4% in October led lower by declines in orders for motor vehicles and capital goods. A 0.5% gain in orders had been the Consensus expectation. Nondefense capital goods orders dropped 3.3% as orders for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 24 2004
New Home Sales Higher Still
Sales of new single-family homes edged 0.2% higher in October to 1.226M following a 7.0% September gain that was double the initial indication. Consensus estimates had been for a decline in sales to 1.200M. Sales were mixed m/m around [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 24 2004
New Home Sales Higher Still
Sales of new single-family homes edged 0.2% higher in October to 1.226M following a 7.0% September gain that was double the initial indication. Consensus estimates had been for a decline in sales to 1.200M. Sales were mixed m/m around [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 23 2004
Chain Store Sales Recover
Last week, chain store sales recovered 0.8% following the prior week's 0.4% dip, according to the International Council of Shopping Centers (ICSC)-UBS. Sales so far in November are 0.7% ahead of October. Not so positive was the second [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 23 2004
Chicago Fed Nat'l Activity Index Improved Sharply
The Chicago Fed National Activity Index (CFNAI) for October rose to 0.52 but the prior month's negative reading was deepened slightly. The three-month moving average of the CFNAI fell to the lowest level in nearly a year. A zero value [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 23 2004
U.S. Existing Home Sales Remained High
Sales of existing single family homes held the high ground with a 0.1% (+5.6% y/y) slip in October to 6.75M. September sales were revised up slightly and Consensus expectations had been for sales of 6.72M. The figures reflect closings [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 23 2004
U.S. Existing Home Sales Remained High
Sales of existing single family homes held the high ground with a 0.1% (+5.6% y/y) slip in October to 6.75M. September sales were revised up slightly and Consensus expectations had been for sales of 6.72M. The figures reflect closings [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 22 2004
ECRI U.S. Leading Index Moved Up
The Weekly Leading Index of the US economy published by the Economic Cycle Research Institute (ECRI) rose last week for the fourth period in the last five. The 0.4% w/w rise eased the decline in the index's smoothed six-month growth [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 22 2004
ECRI U.S. Leading Index Moved Up
The Weekly Leading Index of the US economy published by the Economic Cycle Research Institute (ECRI) rose last week for the fourth period in the last five. The 0.4% w/w rise eased the decline in the index's smoothed six-month growth [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 19 2004
Philadelphia Fed Activity Index Eased
The Philadelphia Feds November index of general business conditions in the manufacturing sector eased to 20.7 from 28.5. A decline to 23.2 had been the Consensus expectation. During the last ten years there has been a 71% correlation [...]
by:Tom Moeller
|in:Economy in Brief
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