• The volume of all applications remains well below January highs. • Refinancings increase, but purchase applications decline. • Mortgage interest rates edge higher. The Mortgage Bankers Association's Loan Applications Index increased [...]
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| May 19 2021U.S. Mortgage Loan Applications Increase
by:Tom Moeller
|in:Economy in Brief
- Global| May 18 2021
U.S. E-Commerce Sales Increase in Q1'21
Online retail sales, more formally known as "E-Commerce sales," increased 7.7% (39.1% y/y) in Q1'21 on a seasonally adjusted basis, according to the U.S. Census Bureau, after easing 0.9% in Q4 and 1.2% in Q3. The Q1 increase in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 18 2021
U.S. Housing Starts Unexpectedly Fall Sharply in April
• Single-family starts decline while multi-family starts improve. • Building permits edge higher. Housing starts declined 9.5% (+67.3% y/y) during April 1.569 million units (SAAR) from 1.733 million in March, revised from 1.739 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 17 2021
U.S. Home Builder Index Holds Steady in May
• Building activity is currently slower than last autumn. • Activity is mixed regionally. The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo was unchanged this month at 83, after rising [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 17 2021
U.S. Empire State Manufacturing Activity Remains Strong in May
• Activity index eases m/m but remains near recent highs. • New orders strengthen while employment grows modestly. • Prices paid continue to surge. The Empire State Manufacturing Index of General Business Conditions fell two points to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 14 2021
U.S. Business Inventories Rise as Expected in March
• Size of inventory gain is reduced from earlier two months. • Business sales surge. • Inventory-to-sales ratio declines sharply. Total business inventories rose 0.3% (-0.0% y/y) during March following a 0.6% February rise, revised [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 14 2021
U.S. Retail Sales Hold Steady in April
• Stability follows near record March strength. • Weakness was broad-based. • March reading was upwardly revised. The consumer took a breather after store re-openings and government-issued $1,400 checks stimulated spending during [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 12 2021
U.S. Government Budget Deficit Widens in April
• Budget deficit exceeds expectations. • Coronavirus-related outlays balloon. • Individual tax receipts strengthen with economic improvement. The U.S. Treasury Department reported a federal budget deficit of $1.932 trillion for the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 12 2021
U.S. Consumer Price Inflation Accelerates in April; Core Prices Strengthen
• Monthly increase is highest since June 2009. • Core goods prices surge. • Energy prices ease. Price inflation at the retail level is accelerating as consumer spending strengthens. The Consumer Price Index rose 0.8% (4.2% y/y) during [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 11 2021
U.S. JOLTS: Job Openings & Hiring Rates Strengthen in March
• Job openings increase to another record. • Hiring rate improves slightly. • Layoffs decline while quits stabilize. The Bureau of Labor Statistics reported that on the last business day of March, the level of job openings rose to a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 11 2021
U.S. NFIB Small Business Optimism Index Strengthens in April
• Optimism rebounds to highest level since November. • Improved optimism is widespread amongst survey categories. • Pricing power improves greatly. The National Federation of Independent Business (NFIB) reported that its Small [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 10 2021
FIBER: Industrial Commodity Prices Continue to Strengthen
• Framing lumber prices lead recent gains. • Metals prices move broadly higher. The Industrial Materials Price Index, from the Foundation for International Business and Economic Research (FIBER), jumped 7.1% during the four weeks [...]
by:Tom Moeller
|in:Economy in Brief
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