The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo rose to 63 during April after improved readings of 62 in the prior two months. The index remained up from the December low of 56, but below [...]
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| Apr 16 2019U.S. Home Builder Sentiment Increases
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 16 2019
U.S. Industrial Production Slips
Industrial production eased 0.1% as expected (+2.8% y/y) during March after a 0.1% February improvement. Factory output held steady (1.0% y/y) following two straight months of modest decline. Data back through 2017 were revised. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 16 2019
U.S. Gasoline & Oil Prices Strengthen Further
Retail gasoline prices jumped to $2.83 per gallon last week (2.9% y/y), the highest level since late-October 2018. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. The seasonally- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 15 2019
Empire State Manufacturing Index Improves, but Prices Measure Weakens
The Empire State Manufacturing Index of General Business Conditions rebounded to 10.1 during April and reversed the decline registered in March. Nevertheless, the latest level remained sharply below the reading of 17.9 twelve months [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 12 2019
U.S. Home Affordability Improves in February As Mortgage Rates Ease
The National Association of Realtors reported that its Composite Index of Home Affordability rose 1.5% m/m during February. Nevertheless, affordability was down 2.8% y/y and 27.1% below the peak level during January 2013. Together, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 12 2019
U.S. Import Prices Again Raised By Fuel Costs; Export Prices Also Firm
The Labor Department reported that import prices increased 0.6% during March and were unchanged y/y. The gain followed a 1.0% strengthening in February, revised from 0.6%. A 0.4% rise had been expected in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 11 2019
U.S. Producer Prices Surge With Higher Energy Costs
The headline Final Demand Producer Price Index increased 0.6% during March (2.2% y/y) following a 0.1% February gain. A 0.3% rise had been expected in the Action Economics Forecast Survey. Producer prices excluding food & energy rose [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 10 2019
U.S. Mortgage Loan Applications Decline As Interest Rates Rise
The Mortgage Bankers Association reported that its total Mortgage Applications Index fell 5.6% (+24.1% y/y) during the week ending April 5. Applications to purchase a home improved 0.5% (12.6% y/y), but refinancings declined 11.4% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 10 2019
CPI Strengthens With Higher Energy Costs; Core Prices Are Tame
The Consumer Price Index increased an expected 0.4% during March following a 0.2% February rise. It was the largest monthly increase since January 2018. The 1.9% y/y increase compared to a 2.9% y/y high last July. The CPI excluding [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 09 2019
U.S. JOLTS: Job Openings and Hiring Diminish
The Bureau of Labor Statistics reported that the total job openings rate declined to 4.5% during February, its lowest level since March 2018. The job openings rate is the job openings level as a percent of total employment plus the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 09 2019
U.S. Small Business Optimism Is Little Changed
The National Federation of Independent Business (NFIB) reported that its Small Business Optimism Index of 101.8 during March was basically unchanged from February, but remained down sharply from its August peak of 108.8. The index [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 08 2019
U.S. Factory Sector Activity Cools Off
Manufacturers' orders declined 0.5% (+1.5% y/y) during February following little change during January, revised from 0.1%. A 0.1% uptick in orders had been expected in the Action Economics Forecast Survey. Orders for durable goods [...]
by:Tom Moeller
|in:Economy in Brief
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