New home building remained strong during November. Housing starts increased 3.2% (13.6% y/y) to 1.365 million (SAAR) from 1.323 million in October, revised from 1.314 million. The Action Economics Forecast Survey had expected 1.346 [...]
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| Dec 17 2019U.S. Housing Starts Increase as Building Permits Strengthen
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2019
U.S. Gasoline and Natural Gas Prices Ease as Crude Oil Costs Rise
In the week ended December 16, retail gasoline prices edged down to $2.54 per gallon (+7.0% y/y) from $2.56 per gallon in the previous week. Typically, gasoline prices weaken at this time of year so Haver Analytics adjusts prices for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2019
U.S. Home Builder Sentiment Increases to New High
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo strengthened during December. The index rose to 76, up 7.0% m/m and by roughly one-third y/y. The index was the highest level for the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2019
Empire State Manufacturing Activity Slowed in November
The Empire State Manufacturing Index of General Business Conditions edged down to 2.9 in November from 4.0 in October. An increase to 5.0 had been expected by the Action Economics Forecast Survey. This means that activity continued to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2019
U.S. Home Builder Sentiment Increases to New High
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo strengthened during December. The index rose to 76, up 7.0% m/m and by roughly one-third y/y. The index was the highest level for the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2019
U.S. Home Builder Sentiment Increases to New High
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo strengthened during December. The index rose to 76, up 7.0% m/m and by roughly one-third y/y. The index was the highest level for the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2019
Empire State Manufacturing Activity Improves Slightly; Prices Weaken
Factory sector activity in New York remains tepid. The Empire State Manufacturing Index of General Business Conditions rose slightly to 3.5 in December from November's 2.9. The index has been fairly steady since June. An increase to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 13 2019
U.S. Business Inventories Rise While Sales Slip
Total business inventories increased 0.2% (3.1% y/y) during October following a 0.1% September dip, revised from 0.0%. Total business sales eased 0.1% both m/m and y/y after a 0.4% September decline, revised from -0.2%. The inventory- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 13 2019
U.S. Retail Sales Disappoint
Total retail sales increased 0.2% (3.3% y/y) during November following a 0.4% October gain, revised from 0.3%. A 0.5% November rise had been expected in the Action Economics Forecast Survey. Retail sales excluding motor vehicles & [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2019
U.S. Producer Prices Are Unexpectedly Tame; Core Prices Weaken
The Producer Price Index for final demand was unchanged during November (1.1% y/y) following a 0.4% October rise. A 0.2% gain had been expected in the Action Economics Forecast Survey. Producer prices excluding food & energy declined [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 11 2019
FOMC Holds Interest Rates Steady; Signals Stability Through 2020
The Federal Reserve kept the target range for the Federal funds rate at 1.50% to 1.75% at today's FOMC meeting. The lack of action was expected in the Action Economics Forecast Survey. Today's action was unanimous amongst FOMC voters. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 11 2019
U.S. Mortgage Applications Increase; Rates Unchanged
The Mortgage Bankers Association reported that its Mortgage Loan Index rebounded 3.8% (53.8% y/y) in the week ending December 6 after declining 9.2% in the previous week. Applications to refinance a loan led the increase with an 8.7% [...]
by:Tom Moeller
|in:Economy in Brief
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