U.S. Pending Home Sales Improve Ahead of Coronavirus by Tom Moeller March 30, 2020 The National Association of Realtors (NAR) reported that pending home sales increased 2.4% in February (9.4% y/y) to the highest level since December [...]
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| Mar 30 2020
U.S. Pending Home Sales Improve Ahead of Coronavirus
by:Tom Moeller
|in:Economy in Brief
Global| Mar 30 2020
Texas Factory Activity Collapses
The Federal Reserve Bank of Dallas reported in its Texas Manufacturing Outlook Survey that the General Business Activity Index weakened to -70.0 this month from 1.2 in February. The decline mirrored the readings from other regional [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 27 2020
U.S. Personal Income Stays Strong While Spending Moderates, Pre-Coronavirus
Personal income increased 0.6% (4.0% y/y) in February as it did in January. A 0.4% rise had been expected in the Action Economics Forecast Survey. Wages & salaries improved 0.5% (3.3% y/y) for a second month, reflecting strength in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 27 2020
U.S. Personal Income Stays Strong While Spending Moderates, Pre-Coronavirus
Personal consumption expenditures rose 0.2% (4.9% y/y) in February, the same as in January. A 0.3% gain had been expected. In constant dollars, total spending edged 0.1% higher (3.0% y/y) for a third consecutive month. Real durable [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 26 2020
Kansas City Fed Factory Index Collapses
In lockstep with other regional Fed indexes recently released, the Federal Reserve Bank of Kansas City reported that its reading of manufacturing business activity plunged to -17 in March following February's improvement to 5. It was [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 26 2020
Advance U.S. Trade Deficit in Goods Shrinks in February
The advance estimate of the U.S. trade deficit in goods narrowed to $59.88 billion in February from $65.90 in January. A $63.8 billion deficit had been expected in the Action Economics Forecast Survey. Exports of goods increased 0.6% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 26 2020
U.S. Trade Deficit in Goods Shrinks in February
Advance
by:Tom Moeller
|in:Economy in Brief
Global| Mar 25 2020
U.S. Mortgage Applications Decline Sharply as Interest Rates Rise
The Mortgage Bankers Association reported that its Mortgage Loan Application Index fell 29.4% (+78.6% y/y) during the week ending March 20 after an 8.4% decline in the prior week. The decline occurred as refinancings fell by roughly [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 25 2020
U.S. Durable Goods Orders Surge Pre-Coronavirus Outbreak; Orders Excluding Aircraft Ease
Manufacturers' orders for durable goods strengthened 1.2% during February before business ground to a halt in March. Despite the m/m improvement, orders remained down 0.1% y/y. A 1.0% decline had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 25 2020
Advance U.S. Trade Deficit in Goods Shrinks in February
The advance estimate of the U.S. trade deficit in goods narrowed to $59.88 billion in February from $65.90 in January. A $63.8 billion deficit had been expected in the Action Economics Forecast Survey. Exports of goods increased 0.6% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 25 2020
U.S. Durable Goods Orders Surge Pre-Coronavirus Outbreak; Orders Excluding Aircraft Ease
Manufacturers' orders for durable goods strengthened 1.2% during February before business ground to a halt in March. Despite the m/m improvement, orders remained down 0.1% y/y. A 1.0% decline had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 24 2020
U.S. New Home Sales Ease While Prices Strengthen
Sales of new single-family homes declined 4.4% (+14.3% y/y) during February to 765,000 (AR) from 800,000 in January, revised from 764,000. The Action Economics survey expected sales of 754,000. The median price of a new home rose 6.3% [...]
by:Tom Moeller
|in:Economy in Brief
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