Sales of new single-family homes fell 0.7% (+15.5% y/y) during September to 701,000 (SAAR)........ The data in this report are available in Haver's USECON database. The consensus expectation figure from Action Economics is available [...]
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| Oct 24 2019U.S. New Home Sales & Prices Weaken
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 24 2019
U.S. New Home Sales & Prices Weaken
Sales of new single-family homes fell 0.7% (+15.5% y/y) during September to 701,000 (SAAR) from 706,000 in August, revised from 713,000. Sales of 700,000 had been expected in the Action Economics Forecast Survey. These sales are [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 24 2019
U.S. Durable Goods Orders Falter; Core Capital Goods Orders Drop Again
Manufacturers' orders for durable goods declined 1.1% (-5.4% y/y) during September following a 0.3% August rise, revised from 0.2%. A 0.9% decline had been expected in the Action Economics Forecast Survey. Orders for nondefense [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 23 2019
U.S. Mortgage Applications Fall Sharply as Interest Rates Rise
The Mortgage Bankers Association reported that its Mortgage Loan Index declined 11.9% (+53.6% y/y) during the week ending October 18, following a 0.5% improvement in the previous week. Applications to refinance a loan plunged 17.1% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 23 2019
U.S. FHFA House Price Appreciation Continues to Moderate
The Federal Housing Finance Agency (FHFA) Price Index increased 0.2% in August, following an unrevised 0.4% increase in July. During the last twelve months, home prices improved 4.6%, the weakest growth since late 2014. That growth [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 22 2019
U.S. Existing Home Sales Decline
The National Association of Realtors (NAR) reported that sales of existing homes fell 2.2% (+3.9% y/y) during September to 5.380 million from 5.50 million in August, revised from 5.490 million. The Action Economics Forecast Survey [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 22 2019
Philadelphia Fed Nonmanufacturing Business Activity Weakens Again
The Federal Reserve Bank of Philadelphia reported that its Nonmanufacturing Business Index of current conditions at the company level fell to 8.7 during October after declining to 29.4 in September. Nevertheless, the index of expected [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 22 2019
U.S. Gasoline & Crude Oil Prices Are Little Changed
In the week ended October 21, the U.S. pump price for gasoline of $2.64 per gallon (-7.1% y/y) compared to $2.63 during the previous week. Haver Analytics adjusts these price figures for seasonal variation. The seasonally-adjusted [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 21 2019
FIBER: Industrial Commodity Prices Are Fairly Steady
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) declined 0.7% during the last four weeks. An uptick last week was part of an irregular sideways path in place since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 18 2019
U.S. Leading Economic Indicators Weaken Again
The Conference Board's Composite Index of Leading Economic Indicators eased 0.1% (+0.4% y/y) during September following a 0.2% August decline, revised from no change. A 0.1% increase had been expected in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 17 2019
U.S. Industrial Production Declines
Industrial production fell 0.4% (-0.1% y/y) during September following a 0.8% August rise, revised from 0.6%. A 0.1% decline had been expected in the Action Economics Forecast Survey. Factory sector output weakened 0.5% (-0.9% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 17 2019
Philadelphia Fed Manufacturing Survey Suggests Lessened Growth; Employment Surged
The Federal Reserve Bank of Philadelphia reported that its General Factory Sector Business Conditions Index declined to 5.6 in October following a September reading of 12.0. It was the lowest figure since June, down from the July high [...]
by:Tom Moeller
|in:Economy in Brief
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