The Mortgage Bankers Association reported that its total Mortgage Applications Index slipped 0.2% last week (-13.4% y/y) following a 2.5% decline during the prior week. The effective interest rate on a 15-year mortgage was little [...]
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| Jul 25 2018
U.S. Mortgage Loan Applications Ease
by:Tom Moeller
|in:Economy in Brief
Global| Jul 24 2018
Philadelphia Fed Nonmanufacturing Business Activity Moderates; Pricing Power Diminishes
The Federal Reserve Bank of Philadelphia's Nonmanufacturing Business Index of current conditions at the company level fell to 35.5 in July and backed away from its three-year high. A lessened fifty-three percent of respondents [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 24 2018
U.S. FHFA House Price Index Gains Moderate
The Federal Housing Finance Agency's (FHFA) index of U.S. house prices during May increased 0.2% (6.4% y/y), the same as in April which was revised from 0.1%. Over the past three months, prices have risen at a 2.5% annual rate, the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 24 2018
U.S. Energy Prices Weaken Further
Retail gasoline prices declined to $2.83 per gallon last week (+22.4% y/y) from $2.87 per gallon during the prior week. It was the lowest price in four weeks. Haver Analytics constructs factors adjusting for the seasonal variation in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 23 2018
U.S. Existing Home Sales Slip As Prices Strengthen
The National Association of Realtors reported that sales of existing homes eased 0.6% (-2.2% y/y) to 5.380 million (AR) during June following a decline to 5.410 million in May, revised from 5.430 million. It was the third straight [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 20 2018
FIBER: Industrial Commodity Prices Post Further Weakness
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) declined 3.7% last month. It has fallen for five straight weeks. Despite the declines, the index has risen by 6.5% y/y. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 19 2018
U.S. Leading Economic Indicators Improve
The Conference Board's Composite Index of Leading Economic Indicators increased 0.5% (5.8% y/y) during June following stability in May, revised from 0.2%. A 0.4% rise had been expected in the Action Economics Forecast Survey. It was [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 19 2018
Philadelphia Fed Factory Conditions Recover; Prices Surge
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index rebounded to 25.7 during July and recovered a piece of its June decline to 19.9. The gain surpassed expectations for a reading of 21.0 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 18 2018
U.S. Mortgage Loan Applications Reverse Earlier Increase
The Mortgage Bankers Association reported that its total Mortgage Applications Index declined 2.5% last week (-12.8% y/y) following a 2.5% gain during the prior week. The effective interest rate on a 15-year mortgage was little [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 18 2018
U.S. Housing Starts Weaken Unexpectedly
Total housing starts declined 12.3% (-4.2% y/y) during June to 1.173 million (AR) from 1.337 million in May, revised from 1.350 million. It was the lowest level of starts in nine months. A rise to 1.320 million starts had been [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 17 2018
U.S. Home Builder Index Holds Steady
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo was unchanged (+6.8% y/y) at 68 during July, which was unrevised. The latest reading compared to expectations for 69 in the Informa Global [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 17 2018
U.S. Industrial Production Remains Volatile
The Federal Reserve reported that industrial production increased 0.6% (3.8% y/y) during June following a 0.5% May decline, revised from -0.1%. April's 1.1% rise was stronger than reported earlier. The June rise matched expectations [...]
by:Tom Moeller
|in:Economy in Brief
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