The Federal Housing Finance Agency's (FHFA) index of U.S. house prices rose 6.6% y/y during August, roughly the same as during the last three months. This compared to a peak 7.1% y/y gain in April. During the last three months, prices [...]
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 25 2017U.S. FHFA House Price Index Remains on Solid Footing
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2017
U.S. New Home Sales & Prices Recover
Sales of new single-family homes increased 18.9% (17.0% y/y) during September to 667,000 (AR) from 561,000 in August, revised from 560,000. September sales were at the highest level since October 2007. Expectations in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2017
U.S. Durable Goods Orders Are Strengthened by Aircraft Bookings
New orders for durable goods increased 2.2% during September (8.3% y/y) following an unrevised 2.0% August gain. A 1.2% increase in orders had been expected in the Action Economics Forecast Survey. The rise in orders reflected a 5.1% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 24 2017
Philadelphia Fed Nonmanufacturing Business Conditions Soften
The Federal Reserve Bank of Philadelphia's Nonmanufacturing Business Index of current conditions at the company level in October slipped to 24.7 from 25.7 during September. The index remained down versus the February high of 38.0. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 24 2017
U.S. Gasoline Prices Slip; Crude Oil Costs Improve
Retail gasoline prices dipped last week to $2.48 per gallon (+10.5% y/y) from $2.49 one week prior and remained lower than the $2.69 high early last month. Haver Analytics constructs factors adjusting for the seasonal variation in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 23 2017
U.S. Gov't Budget Deficit Deepens in Fiscal Year 2017
The U.S. Treasury Department reported that in FY'17 the federal government ran a $665.7 billion budget deficit compared to a $585.6 billion deficit in FY'16. During September alone, the surplus of $8.0 billion compared to a $33.4 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2017
U.S. Existing Home Sales Improve While Prices Decline
The National Association of Realtors reported that sales of existing homes rose 0.7% (-1.5% y/y) during September to 5.390 million units (SAAR) after an unrevised 1.7% decline to 5.350 million in August. Despite the rise, sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2017
Philadelphia Fed Factory Conditions Index Improves Again
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index for October increased to 27.9 after a rise to 23.8 during September. The figure remained up sharply versus the 2015 low and compared [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2017
U.S. Leading Economic Indicators Slip
The Conference Board's Composite Index of Leading Economic Indicators eased 0.2% (+4.0% y/y) during September following an unrevised 0.4% August increase. A 0.1% rise had been expected in the Action Economics Forecast Survey. Three- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2017
U.S. Initial Unemployment Insurance Applications Touch 1973 Low
Initial claims for unemployment insurance declined to 222,000 during the week ended October 14 following a decline to 244,000 in the prior week. The Labor Department indicated that insurance applications were "severely disrupted" in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2017
Philadelphia Fed Factory Conditions Index Improves Again
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index for October increased to 27.9 after a rise to 23.8 during September. The figure remained up sharply versus the 2015 low and compared [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 18 2017
U.S. Mortgage Loan Applications Rebound As Interest Rates Increase
The Mortgage Bankers Association reported that its total Mortgage Applications Volume Index rebounded 3.6% (-18.2% y/y) last week, but so far this month was down 3.1% from September. Purchase applications increased 4.2% (8.9% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
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