The index of mortgage applications compiled by the Mortgage Bankers Association fell 6.3% last week but during the prior period applications were up 11.9% due to a surge in refinancings. Purchase applications fell 5.0% last week and [...]
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| Aug 25 2004Mortgage Applications Down
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 25 2004
New Home Sales Weaken
Sales of new one-family homes fell a sharp 6.4% in July to 1.134M, the lowest level since last December. Sales in June were revised down sharply to 1.211M from the initial report of 1.326M. Consensus estimates had been for sales of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 25 2004
Surge In Aircraft Lifts U.S. Durable Goods Orders
A 37.2% m/m surge in orders for aircraft raised durable goods orders in July by 1.7% versus Consensus expectations for a 1.0% rise. Less aircraft durable orders fell 0.5% (+8.3% y/y), the third m/m decline in the last four. The rise [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 25 2004
Surge In Aircraft Lifts U.S. Durable Goods Orders
A 37.2% m/m surge in orders for aircraft raised durable goods orders in July by 1.7% versus Consensus expectations for a 1.0% rise. Less aircraft durable orders fell 0.5% (+8.3% y/y), the third m/m decline in the last four. The rise [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 24 2004
U.S. Chain Store Sales Soft
Chain store sales recovered just 0.1% last week of a 0.6% decline in sales the week prior according to the International Council of Shopping Centers (ICSC)-UBS. The lackluster performance left sales so far in August 0.1% above the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 24 2004
U.S. Existing Home Sales Down
Existing single family home sales fell 2.9% in July to 6.72M. The record high in June was revised slightly lower. Consensus expectations had been for a lesser decline to 6.80M. The figures reflect closings of home sales in earlier [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 24 2004
Existing Home Sales Down
Existing single family home sales fell 2.9% in July to 6.72M. The record high in June was revised slightly lower. Consensus expectations had been for a lesser decline to 6.80M. The figures reflect closings of home sales in earlier [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 23 2004
ECRI U.S. Leading Indicators Soft
Though the Weekly Leading Index of the US economy published by the Economic Cycle Research Institute (ECRI) ticked 0.2% higher in the latest week, its growth rate slowed to 0.0% versus double digit rates of growth into this past [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 23 2004
ECRI Leading Indicators Soft
Though the Weekly Leading Index of the US economy published by the Economic Cycle Research Institute (ECRI) ticked 0.2% higher in the latest week, its growth rate slowed to 0.0% versus double digit rates of growth into this past [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 13 2004
U.S. Consumer Sentiment Down on Reduced Expectations
The University of Michigans consumer sentiment index for mid-August fell unexpectedly to 94.0 from 96.7 in July. Consensus expectations had been for a rise to 98.0. During the last ten years there has been a 75% correlation between [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 13 2004
Finished Producer Prices Tame, But Crude Prices Soar
The July PPI for finished goods rose a tame 0.1% versus Consensus expectations for a 0.3% rise.The "core" PPI also was well behaved, rising an expected 0.1%. Finished energy prices bounced up 2.3% (11.3% y/y) after the 1.6% June [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 13 2004
U.S. Trade Deficit A New Record
The U.S. foreign trade deficit surged to another record high in June of $55.8B. Consensus expectations had been for a deficit of $46.7B. Total imports jumped 3.3% as petroleum imports surged 17.8% (46.2% y/y). Imports of non-petroleum [...]
by:Tom Moeller
|in:Economy in Brief
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