The Mortgage Bankers Association reported that its total Mortgage Market Volume Index increased 4.2% (43.0% y/y) last week following a 0.9% rise. Purchase applications surged 8.6% (20.9% y/y) and made up declines during July and [...]
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| Apr 05 2017U.S. Mortgage Loan Applications Ease as Refinancings Weaken
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 05 2017
U.S. ISM Nonmanufacturing Index Declines; Pricing Power Eases
The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply Management (ISM) fell sharply to 55.2 in March from an unrevised 57.6 during February. It was the lowest level since October. The Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 05 2017
U.S. ADP Private Payroll Increase Strengthens
The ADP/Moody's National Employment Report indicated that private nonfarm payroll employment rose 263,000 (1.9% y/y) during March, the strongest increase since December 2014. The rise followed a 245,000 February gain, revised from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 04 2017
U.S. Energy Product Prices Strengthen
Regular gasoline prices improved to $2.36 per gallon last week (13.3% y/y), up versus three weeks of stability at $3.32 per gallon. Prices remained lower than the 2014 high of $3.71 per gallon. Haver Analytics constructs factors [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 04 2017
U.S. Factory Orders Boosted Again by Durables
Manufacturing sector orders increased 1.0% (7.3% y/y) during February following a 1.5% January increase, revised from 1.2%. Durable goods orders increased 1.8% (5.3% y/y), revised from the advance report of a 1.7% increase. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 04 2017
U.S. Trade Deficit Narrows; Exports Rise, While Imports Decline
The U.S. trade deficit in goods and services declined during February to its smallest level since October. The deficit of $43.6 bil. contrasted to $48.2 bil. in January, initially reported as $48.5 bil. Expectations had been for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 03 2017
U.S. Light Vehicle Sales Weaken Significantly
Total sales of light vehicles declined 5.4% m/m during March (-0.3% y/y) to 16.62 million units (SAAR), according to the Autodata Corporation. It was the lowest level of sales since February 2015. Light truck sales fell 6.8% (+6.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 03 2017
U.S. Construction Spending Increase Follows Two Months of Decline
The value of construction put-in-place gained 0.8% during February (+3.0% y/y), after easing 0.4% in January and 0.2% during December. The increase compares to expectations for a 1.0% rise in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 03 2017
ISM Factory Sector Index & Pricing Power Strengthen
Improvement in factory sector momentum is building. The ISM composite index of factory sector activity at 57.0 during Q1'17 was the strongest reading in six years. The March level alone slipped to 57.2 from an unrevised 57.7 in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 31 2017
Chicago Purchasing Managers Index Remains Near Two-Year High
The Chicago Purchasing Managers Business Barometer Index improved to 57.7 in March after strengthening to 57.4 in February. The latest figure was the highest since January 2015. The March reading exceeded expectations for 56.8 in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 31 2017
U.S. Personal Income & Pricing Power Firm; Spending Growth Eases
Personal income increased 0.4% last month (4.6% y/y) following a 0.5% January rise, revised from 0.4%. The gain matched expectations in the Action Economics Forecast Survey. The increase raised y/y growth to 4.6%, its best since May [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 30 2017
U.S. Initial Claims for Unemployment Insurance Ease
Initial jobless insurance applications fell to 258,000 (-3.1% y/y) during the week ended March 25 from 261,000 during the prior week, revised from 258,000. Expectations had been for 247,000 claims in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
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