The Federal Housing Finance Agency (FHFA) Price Index for house purchases increased 0.3% (6.1% y/y) during August following a 0.4% gain during July, revised from 0.2%. Over the last three months, the index rose at a lessened 3.8% [...]
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 2018U.S. FHFA House Prices Remain Firm
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 23 2018
Philadelphia Fed Nonmanufacturing Business Activity Weakens
The Federal Reserve Bank of Philadelphia reported that its Nonmanufacturing Business Index of current conditions at the company level declined to 37.2 during October and reversed its September improvement. Despite the fall in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 23 2018
U.S. Energy Prices Ease
Gasoline prices fell four cents last week to an average $2.84 per gallon (+14.6% y/y). Prices have been fairly steady since May. Haver Analytics constructs factors to adjust for the marked seasonal variation in prices. The seasonally- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 23 2018
U.S. Energy Prices Ease
Gasoline prices fell four cents last week to an average $2.84 per gallon (+14.6% y/y). Prices have been fairly steady since May. Haver Analytics constructs factors to adjust for the marked seasonal variation in prices. The seasonally- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 22 2018
FIBER: Industrial Commodity Prices Fall Further
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) declined 1.3% during the last four weeks and extended the decline in prices since the peak four months ago. The decline [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2018
U.S. Existing Home Sales Continue to Weaken, Dragging Down Prices
The housing market softened last month. The National Association of Realtors reported that sales of existing homes during September declined 3.4% to 5.150 million (SAAR, -4.1%). August's figure was revised slightly lower to 5.330 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 18 2018
U.S. Leading Economic Indicators Strengthen
The Conference Board's Composite Index of Leading Economic Indicators increased 0.5% (7.0% y/y) during September following an unrevised 0.4% August gain. A 0.5% rise had been expected in the Action Economics Forecast Survey. The index [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 18 2018
Philadelphia Fed Manufacturing Growth Continues; Pricing Pressure Eases
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index dipped to 22.2 during October following a rise to 22.9 in September. The latest reading compared to expectations for a greater [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 18 2018
Philadelphia Fed Manufacturing Growth Continues; Pricing Pressure Eases
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index dipped to 22.2 during October following a rise to 22.9 in September. The latest reading compared to expectations for a greater [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 17 2018
U.S. Mortgage Loan Applications Continue to Decline As Interest Rates Rise
The Mortgage Bankers Association reported that its total Mortgage Applications Index fell 7.1% (-23.3% y/y) in the week ending October 12 following a 1.7% fall during the prior week. Purchase loan applications declined 5.9% (-7.8% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 17 2018
U.S. Housing Starts Decline
Total housing starts fell 5.3% during September to 1.201 million units (AR) from 1.268 million in August, revised from 1.282 million. The decline compared to an estimate of 1.228 million starts in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 16 2018
U.S. Home Builder Index Improves, but Remains Below Last Year's High
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo inched up during October to 68 from an unrevised 67 in September. Despite the gain, the index remained below its December 2017 high of 74. [...]
by:Tom Moeller
|in:Economy in Brief
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