Sales of new single-family homes fell 3.4% (-1.2% y/y) to 560,000 during August, following a 5.5% drop in July to 580,000, revised from 571,000. August sales were at the lowest level since December. The figures do not include the full [...]
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| Sep 26 2017U.S. New Home Sales & Prices Decline
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 26 2017
U.S. Gasoline Prices Weaken; Crude Oil Costs Continue to Rise
Regular gasoline prices at the pump declined to $2.58 per gallon last week (+16.1% y/y), the lowest level in four weeks. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. The seasonally [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 26 2017
U.S. Gasoline Prices Weaken; Crude Oil Costs Continue to Rise
Regular gasoline prices at the pump declined to $2.58 per gallon last week (+16.1% y/y), the lowest level in four weeks. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. The seasonally [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 25 2017
Texas Factory Sector Growth Strengthens
The Federal Reserve Bank of Dallas indicated in its Texas Manufacturing Outlook Survey that the September General Business Activity Index rose to 21.3 from 17.0 in August. The index was at the highest point since February. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 25 2017
NABE 2018 Forecast Unchanged; Moderate GDP Growth & Stronger Price Inflation
The National Association for Business Economics expects 2.4% real U.S. economic growth in 2018, the same as expected in the last tally. This follows an unchanged expectation for 2.2% growth this year. Quarterly GDP growth is expected [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 22 2017
Philadelphia Fed Factory Conditions Index Rebounds
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index increased roughly five points to 23.8 during September following declines during the prior two months. The figure compared to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 21 2017
U.S. Leading Economic Indicators Strengthen
The Conference Board's Composite Index of Leading Economic Indicators increased 0.4% (4.4% y/y) in August following an unrevised 0.3% July gain. A 0.2% rise had been expected in the Action Economics Forecast Survey. Three-month growth [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 21 2017
U.S. FHFA House Price Increases Moderate
The Federal Housing Finance Agency's (FHFA) index of U.S. house prices rose 6.3% y/y during July compared to a peak 7.0% y/y gain in April. Recent figures show an even sharper deceleration in house price inflation. During the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 21 2017
U.S. Initial Jobless Insurance Claims Decline
Initial filings for unemployment insurance fell sharply to 259,000 during the week ended September 16 from 282,000 in the prior week, revised from 284,000. Expectations had been for 300,000 initial claims in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 20 2017
U.S. Mortgage Loan Applications Decline as Interest Rates Rise
The Mortgage Bankers Association reported that its total Mortgage Applications Volume Index backpedaled 9.7% (-21.3% y/y) in the week ended September 15 and reversed the prior week's gain. Purchase applications fell 10.8% (+1.6% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 20 2017
FOMC Leaves Rates Unchanged but Suggests Gradual Increases Ahead
At today's meeting of the Federal Open Market Committee, the targeted federal funds rate was held steady in a range of 1.00% to 1.25%. This followed two rate increases earlier this year. Additionally, the Fed stated that "The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 20 2017
U.S. Existing Home Sales Decline to One-Year Low
Sales of existing homes fell 1.7% (+0.2% y/y) during August to 5.350 million units (AR) from an unrevised 5.440 million in July. It was the lowest volume of sales since August 2016. Expectations were for 5.470 million sales in the [...]
by:Tom Moeller
|in:Economy in Brief
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