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) [...]
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 20 2017U.S. Mortgage Loan Applications Decline as Interest Rates Rise
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 19 2017
U.S. Current Account Deficit Deepens Sharply
The U.S. current account deficit of $123.1 billion during Q2 2017 was the deepest since Q4 2008. The Q2 deficit figure compared to $112.6 billion expected in the Action Economics Forecast Survey. As a percent of GDP, the deficit of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 19 2017
U.S. Gasoline Prices Ease; Crude Oil Strengthens
Regular gasoline prices at the pump fell to $2.63 per gallon last week (+18.4% y/y) following two weeks at a higher level. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. The seasonally [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 19 2017
Import Price Increase Is Led by Petroleum; Export Costs Strengthen
Import prices increased 0.6% during August (2.1% y/y) following slight declines in four of the prior five months. The August increase compared to a 0.3% rise expected in the Action Economics Forecast Survey. These figures are not [...]
by:Tom Moeller
|in:Economy in Brief
In the month before housing starts & permits were meaningfully affected by Hurricanes Harvey and Irma, stability in these housing data was evident. Total starts eased 0.8% (+0.5 y/y) to 1.180 million units (AR) in August from 1.190 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 18 2017
U.S. Home Builder Index Declines
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo fell 4.5% to 64 during September and reversed its 4.7% August increase, which was lessened after revision. As a result of this month's [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 15 2017
U.S. Retail Sales Backpedal
Total retail sales and spending at restaurants declined 0.2% (+3.5% y/y) during August. The July estimate was revised lower to 0.3% from 0.6% and June's figure was reduced to -0.1% from 0.3%. A 0.1% increase had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 15 2017
Empire State Business Activity Remains Strong
The Empire State Manufacturing Index of General Business Conditions for September eased to 24.4 following its 15.4 point jump to 25.2 during August. The latest level was nearly the highest since September 2014 and continued to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 15 2017
U.S. Industrial Production Reduced by Hurricane Harvey
The Federal Reserve indicated that storm damage curtailed the change in total industrial production, as well as the change in factory sector activity, by roughly 3/4 percentage point during August. Industrial production declined 0.9% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 15 2017
U.S. Retail Sales Backpedal
Total retail sales and spending at restaurants declined 0.2% (+3.5% y/y) during August. The July estimate was revised lower to 0.3% from 0.6% and June's figure was reduced to -0.1% from 0.3%. A 0.1% increase had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 14 2017
U.S. Initial Unemployment Insurance Claims Slip
Initial claims for unemployment insurance eased to 284,000 (+10.8% y/y) during the week ended September 9, following an unrevised jump to 298,000 due to Hurricane Harvey in the prior week. Expectations had been for 300,000 initial [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 14 2017
U.S. CPI Strengthens; Core Pricing Picks Up
The Consumer Price index increased 0.4% (1.9% y/y) during August following a 0.1% July uptick. It was the strongest increase since January and compared to expectations for a 0.3% rise in the Action Economics Forecast Survey. The CPI [...]
by:Tom Moeller
|in:Economy in Brief
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