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 [...]
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 20 2016
U.S. Existing Home Sales Rebound
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
Global| Oct 20 2016
U.S. Economic Growth Restrained By Broad Trends
During the last 10 years, economic growth has averaged 1.4% per annum, well below the economy's 3-4% growth rates during earlier ten year periods. Nevertheless, it's the second longest period of positive economic growth since WWII. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 19 2016
U.S. Mortgage Loan Applications Improve
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index rose 0.6% last week (18.5% y/y) following a 6.0% fall. Applications to purchase jumped 3.0% (13.0% y/y), and made up the prior week's decline. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 19 2016
U.S. Housing Starts Decline, but Building Permits Rise
Housing starts fell 9.0% during September (-11.9% y/y) to 1.047 million units (AR) following a 5.6% August decline to 1.150 million, revised from 1.142 million. It was the lowest level of starts since March of last year. Expectations [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 18 2016
U.S. Home Builders Index Eases
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo fell 3.1% during October to 63 (6.7% y/y) following an unrevised jump to 65 in September. The NAHB figures are seasonally adjusted. During [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 18 2016
U.S. Crude Oil & Natural Gas Prices Strengthen
WTI crude oil prices rose to $50.42 per barrel last week (7.7% y/y). Yesterday, prices eased to $49.94 per barrel, but they remain up from a daily low of $26.21 per barrel in February. Brent crude oil prices rose to $52.26 per barrel [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 18 2016
U.S. CPI Increase Driven by Energy Costs; Core Weakens
The consumer price index increased 0.3% (1.5% y/y) during September following an unrevised 0.2% rise. It was the strongest increase since April, and matched expectations in the Action Economics Forecast Survey. Prices excluding food & [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 17 2016
U.S. Industrial Production Edges Up as Factory Output Firms
Industrial output nudged 0.1% higher (-1.0% y/y) during September following a 0.5% August decline, revised from -0.4%. The increase matched expectations in the Action Economics Forecast Survey. Factory sector production increased 0.2% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 17 2016
Empire State Factory Sector Index Deteriorates; Prices Improve
The Empire State Factory Index of General Business Conditions for October remained below zero for the third straight month as it fell to -6.80 from -2.00 in September. Earlier figures were revised slightly. Expectations had been for [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 17 2016
U.S. Budget Deficit Reaches Three-Year High
The U.S. Treasury Department reported that during fiscal year 2016 the federal government ran a budget deficit of $587.4 billion versus $438.9 billion in FY'15. It was the largest budget shortfall since FY'13, and brought the deficit [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 14 2016
Business Inventories Rise
Total business inventories increased 0.2% during August (0.7% y/y) following an unrevised little change in July. Total business sales also increased 0.2%, and were little changed y/y. The inventory-to-sales ratio remained stable at [...]
by:Tom Moeller
|in:Economy in Brief
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