The Mortgage Bankers Association reported that its total Mortgage Market Volume Index fell 3.5% (+32.6% y/y) last week following an 11.2% decline. Purchase applications were off 2.4% (+6.0% y/y), down sharply for the third straight [...]
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| Aug 03 2016U.S. Mortgage Loan Applications Decline Again
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 03 2016
U.S. ISM Nonmanufacturing Index Dips
The Composite Index of Nonmanufacturing Sector Business Activity from the Institute for Supply Management (ISM) eased to 55.5 during July after jumping to 56.5 in June. Expectations had been for 56.0 in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 03 2016
U.S. ADP Private Payrolls Continue Steady Improvement
The ADP/Moody's National Employment Report indicated that nonfarm private sector payrolls increased 179,000 (1.9% y/y) during July following a 176,000 June gain, revised from 172,000. So far this year, payrolls rose an average 184,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 02 2016
U.S. Light Vehicle Sales Rebound
Total sales of light vehicles during July jumped 6.8% versus June (1.7% y/y) to 17.88 million units (SAAR). Sales had declined in four of the prior five months, and the latest level was the highest level since November 2015. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 02 2016
U.S. Petroleum Prices Move Lower
Regular gasoline prices averaged $2.16 per gallon last week (-19.7% y/y), down two cents from the week earlier. Prices were 24 cents lower than early last month, according to the U.S. Department of Energy. Prices were down versus a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 02 2016
U.S. Personal Spending Continues to Outpace Income
Personal consumption expenditures increased 0.4% (3.7% y/y) during June, the same as in May. The figures reflect Friday's revisions to the National Income & Product Accounts. A 0.3% June increase had been expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 01 2016
U.S. Construction Activity Eases
The value of construction put-in-place declined 0.6% (+0.3% y/y) during June after 0.1% May dip, revised from -0.8%. A 0.5% increase was expected in the Action Economics Forecast Survey. Building activity in the private sector eased [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 01 2016
ISM Manufacturing Index Slips; Prices Paid Index Declines
The ISM Composite Index of manufacturing activity eased to 52.6 during July from an unrevised 53.2 in June. A reading of 53.0 had been expected in the Action Economics Forecast Survey. The decline left the average for the first seven [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 29 2016
U.S. GDP Growth Disappoints as Inventories Are Reduced
Economic growth of 1.2% (SAAR, 1.2% y/y) during the second quarter followed a 0.8% Q1 gain, revised from 1.1%. GDP's increase disappointed expectations for a 2.6% rise in the Action Economics Forecast Survey. Inventory decumulation [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 29 2016
Chicago Purchasing Managers Index Eases
Chicago purchasing managers reported that their Business Barometer slipped to 55.8 this month following an unrevised jump during June to 56.8. The figure remained near the highest level since January 2015, and exceeded expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 29 2016
U.S. GDP Growth Disappoints as Inventories Are Reduced
Economic growth of 1.2% (SAAR, 1.2% y/y) during the second quarter followed a 0.8% Q1 gain, revised from 1.1%. GDP's increase disappointed expectations for a 2.6% rise in the Action Economics Forecast Survey. Inventory decumulation [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 29 2016
U.S. GDP Growth Disappoints as Inventories Are Reduced
Economic growth of 1.2% (SAAR, 1.2% y/y) during the second quarter followed a 0.8% Q1 gain, revised from 1.1%. GDP's increase disappointed expectations for a 2.6% rise in the Action Economics Forecast Survey. Inventory decumulation [...]
by:Tom Moeller
|in:Economy in Brief
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