The Mortgage Bankers Association reported that its total Mortgage Market Volume Index declined 4.1% last week (+17.9% y/y) following a 0.6% gain. Applications to purchase fell 6.9% (+8.7% y/y) and were 12.0% below the June high. [...]
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 26 2016U.S. Mortgage Loan Applications Fall
by:Tom Moeller
|in:Economy in Brief
The Federal Reserve Bank of Philadelphia reported that its October Index of Nonmanufacturing Sector Activity at the company level was little changed at 16.3, the lowest level since July 2015. It remained down sharply versus 53.9 in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2016
U.S. Gasoline & Natural Gas Prices Ease
Regular gasoline prices dipped to $2.24 per gallon (+0.7% y/y) last week, but remained near the highest level since early July. Prices remained down, however, versus a 2014 high of $3.71 per gallon. Haver Analytics constructs factors [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2016
U.S. Consumer Confidence Deteriorates
The Conference Board reported that its Consumer Confidence index for October declined 4.7% (-0.5% y/y) to 98.6, the first decline in three months. A 2.6% rise had been expected in the Action Economics Forecast Survey. During the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2016
U.S. FHFA House Price Index Increase Strengthens
The Federal Housing Finance Agency's (FHFA) index of U.S. house prices increased 0.7% during August following an unrevised 0.5% July gain. The y/y change improved to 6.4% as the three-month increase rose to 6.2%, its best since April. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 24 2016
NABE Survey Indicates Weaker Demand & Lower Profits
The Business Conditions Survey, published by the National Association for Business Economics, showed an easing in U.S. unit demand last quarter. The diffusion index reading (rising minus falling) fell to 22.0 from 25.5. While these [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 24 2016
Chicago Fed National Activity Index Improves
The National Activity Index from the Federal Reserve Bank of Chicago increased to -0.14 during September from -0.72 in August, revised from -0.55. The three-month moving average deteriorated to -0.21, and remained in the narrow band [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 21 2016
U.S. State Unemployment Rates Range from 2.9% to 6.9%
The decline in the overall U.S. unemployment rate has stabilized this year around 4.9% versus 5.3% during 2015. It was half its late-2009 peak, and varied greatly amongst individual states. In today's state labor market report for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2016
U.S. Leading Economic Indicators Recover
The Conference Board's Composite Index of Leading Economic Indicators rebounded 0.2% (1.5% y/y) during September following an unrevised 0.2% decline. The increase matched expectations in the Action Economics Forecast Survey. The six- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2016
U.S. Initial Unemployment Claims Increase
Initial claims for unemployment insurance rose to 260,000 during the week ended October 15 following 247,000 during the prior week, revised from 246,000. The four-week moving average of claims rose to 251,750, near the lowest level [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2016
U.S. Existing Home Sales Rebound
Sales of existing homes increased 3.2% (0.6% y/y) in September to 5.470 million units (AR) following a 1.5% decline to 5.300 million in August, revised from 5.330 million. Expectations had been for 5.32 million sales in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2016
Philadelphia Fed Factory Business Outlook Survey Indicates Growth
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index remained positive in October. At 9.7, it was third consecutive positive reading, and followed an unrevised 12.8 in September. It was [...]
by:Tom Moeller
|in:Economy in Brief
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