• Loan applications for purchase ease. • Refinancing declines. • 15-year fixed-rate mortgage remains near seven-year low. The Mortgage Bankers Association reported that its total Mortgage Applications Index backpedaled by 8.7% (+48.0% [...]
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| Jun 24 2020U.S. Mortgage Loan Applications Decline
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 23 2020
New Home Sales Rebound During May
• New single-family home sales rose last month following three consecutive months of decline. • Sales improved in most parts of the country. • Prices increase modestly m/m. Sales of new single-family homes increased 16.6% during May [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 22 2020
U.S. Gasoline & Oil Prices Increase
• Gasoline prices strengthen as drivers take to the road. • Crude oil prices continue rising as demand improves worldwide. • Natural gas prices weaken further. The price for a gallon of regular gasoline rose to $2.13 per gallon [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 22 2020
U.S. Existing Home Sales Continue to Fall in May
• Existing home sales hit lowest since October 2010. • Sales fall across the nation. • Prices decline modestly. The National Association of Realtors (NAR) reported that sales of existing homes dropped 9.7% (-26.6% y/y) during May to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 22 2020
Chicago Fed National Index Signals Easing in Recession in May
• Indicators of modest improvement were broad-based. • Employment cutbacks abate. The Federal Reserve Bank of Chicago reported that the National Activity Index (CFNAI) improved to 2.61 during May from a record negative reading a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 19 2020
FIBER: Industrial Commodity Prices Continue to Improve
• Prices post broad-based increases. • Crude oil prices lead the upturn. • Metals prices firm. The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) increased 2.8% during the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 18 2020
U.S. Leading Indicators Increase in May
• Broad-based component gains lift the leading index. • Coincident indicators rebound moderately. • Lagging indicators indicate less economic stress. The Conference Board reported that its Composite Index of Leading Economic [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 18 2020
Philadelphia Fed Manufacturing Activity Strengthens
• Business conditions index is positive for first time since February. • Component gains are broad-based. • Expectations improve sharply. The Federal Reserve Bank of Philadelphia reported that its General Factory Sector Business [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 17 2020
U.S. Mortgage Loan Applications Increase
• Loan applications for purchase surge. • Refinancing strength continues. • 15-year fixed rate mortgage declines to seven-year low of 2.87%. The Mortgage Bankers Association reported that its total Mortgage Applications Index rose [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 17 2020
U.S. Housing Starts Crept Upward in May
• Home building still held back by coronavirus shutdowns last month. • Building permit increase suggests improvement is coming. New residential housing starts increased 4.3% during May (-23.2% y/y) to 974,000 (SAAR) from 934,000 in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 16 2020
U.S. Home Builder Index Surges
• Housing market continues to recover. • Rebound leaves activity below December's peak. The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo moved up to 58 during June and added to its May rise [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 16 2020
U.S. Retail and Food Service Sales Surge in May
• Consumer spending posts surprising, record increase. • Discretionary spending rebounds sharply, reflecting pent-up demand. Total retail sales, including food service establishments, increased a record 17.7% (-6.1% y/y) during May [...]
by:Tom Moeller
|in:Economy in Brief
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