Housing starts remain soft. During April, total starts declined 2.6% to 1.172 million units (AR) from 1.203 million in March, revised from 1.215 million. It was the lowest level of starts since November. Expectations had been for [...]
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| May 16 2017
U.S. Housing Starts Decline Again
by:Tom Moeller
|in:Economy in Brief
Global| May 15 2017
U.S. Home Builder Index Improves; Expectations Jump to 12-Year High
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo increased 2.9% to 70 during May and reversed most of the prior month's decline. The index remained 20.7% higher y/y. The NAHB figures are [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 15 2017
Empire State Business Conditions Index Falls
The Empire State Manufacturing Index of General Business Conditions for May fell to -1.0 from 5.2 in April, down from February's peak reading of 18.7. A reading of 6.3 was expected in the Action Economics Forecast Survey. These data, [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 12 2017
U.S. CPI Increases Modestly; Core Up Minimally
The Consumer Price Index gained 0.2% during April following a 0.3% March decline. The 2.2% y/y increase was down from February's y/y rise of 2.7%. The monthly increase matched expectations in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 12 2017
U.S. Retail Sales Improve
Total retail sales and spending at restaurants increased 0.4% during April (4.5% y/y) following a 0.1% March gain, revised from -0.2% reported initially. Earlier figures also were revised. It was the strongest gain in three months. A [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 11 2017
U.S. Initial Unemployment Insurance Claims Ease
Initial claims for unemployment insurance slipped to 236,000 during the week ended May 6 from an unrevised 238,000 in the prior week. Expectations in the Action Economics Forecast Survey had called for 245,000 claims. The four-week [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 11 2017
U.S. Producer Prices Strengthen
The headline Final Demand Producer Price Index increased 0.5% during April following a 0.1% March dip. Being the strongest gain in three months, it pulled the y/y increase to 2.5%, the firmest since February 2012. The monthly increase [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 10 2017
U.S. Budget Surplus Grows in April
The U.S. Treasury Department reported that during April, the federal government ran a $182.4 billion budget surplus compared to a $106.5 billion surplus in April 2016. A $170.0 billion surplus had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 10 2017
U.S. Mortgage Loan Applications Increase; Rates Steady
The Mortgage Bankers Association reported that its total Mortgage Applications Volume Index rose 2.4% (-15.2% y/y) in the week of May 5, after little change in the prior week. Refinancing applications rebounded 3.3% (-31.5% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 10 2017
U.S. Import Prices Strengthen as Oil Rebounds
Import prices increased 0.5% during April (4.1% y/y) following a 0.1% March uptick, revised from -0.2%. It was the strongest rise in three months. A 0.2% gain had been expected in the Action Economics Forecast Survey. These figures [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 09 2017
U.S. Wholesale Inventories Rise Moderately; Sales Hold Steady
Inventories at the wholesale level rose 0.2% (3.0% y/y) during March following a 0.3% February gain, revised from 0.4%. Durable goods inventories strengthened 0.6% (2.5% y/y) after February's 0.2% rise. Motor vehicle stocks jumped [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 09 2017
U.S. JOLTS: Job Openings and Hiring Stabilize
The Bureau of Labor Statistics reported that the total job openings rate of 3.8% during March equaled February, but remained below July's peak of 4.0%. The private-sector job openings rate held steady at 4.0%, about where it's been [...]
by:Tom Moeller
|in:Economy in Brief
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