The Mortgage Bankers Association reported that its total Mortgage Market Volume Index fell 11.2% (+43.8% y/y) last week following a 1.3% shortfall. Purchase applications declined 3.3% (+12.2% y/y). Refinancing applications fell 15.1%, [...]
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| Jul 27 2016U.S. Mortgage Loan Applications Decline
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2016
U.S. Pending Home Sales Improve Slightly
The National Association of Realtors (NAR) reported that pending home sales rose 0.2% (1.0% y/y) during June following an unrevised 3.7% May decline. These sales are reported as an index with 2001=100. The June value of 111.0 was 3.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2016
U.S. Durable Goods Orders Decline Is Led by Aircraft
New orders for durable goods fell 4.0% during June (-6.4% y/y) following a 2.8% May decline, revised from -2.2%. A 1.0% shortfall had been expected in the Action Economics Forecast Survey. For a second straight month, weakness in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 26 2016
U.S. Consumer Confidence Remains Steady
The Conference Board's Consumer Confidence Index of 97.3 during July stayed close to 97.4 in June, revised from 98.0. The latest figure remained nearly the highest level since October and beat expectations for a decline to 96.0 in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 26 2016
U.S. New Home Sales and Prices Strengthen
Housing market improvement continued during June. Sales of new single-family homes increased 3.5% (25.4% y/y) to 592,000 (SAAR) from 572,000 in May, revised from 551,000. Sales of 557,000 had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 26 2016
U.S. Gasoline and Crude Oil Prices Weaken Further
Regular gasoline prices declined to $2.18 per gallon last week (-20.5% y/y). Prices were down five cents from the week earlier and were 22 cents lower than early last month, according to the U.S. Department of Energy. Prices are lower [...]
by:Tom Moeller
|in:Economy in Brief
The Federal Reserve Bank of Dallas indicated that its industrial activity in the state was little-changed during July, ending sharp declines since early last year. Its General Business Activity index rose to -1.3 this month from -18.3 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 22 2016
U.S. State Unemployment Rates Vary from 2.7% to 6.7%
The decline in the overall U.S. unemployment rate has stabilized this year, averaging 4.9% versus 5.3% during 2015. It still was half its late-2009 peak, and great variation amongst individual states continued. In today's state labor [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 21 2016
Philadelphia Fed Business Conditions Survey Provides Mixed Readings
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index declined in July to -2.9 from an unrevised 4.7 in June. Despite the lower reading, it remained up from December's low of -10.2. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 21 2016
Chicago Fed National Activity Improves
The National Activity Index from the Federal Reserve Bank of Chicago increased to 0.16 during June from -0.56 in May. Nevertheless, it still suggested below-trend overall economic growth. The three-month moving average reinforced this [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 21 2016
U.S. Existing Home Sales and Prices Strengthen
Sales of existing homes rose 1.1% (3.0% y/y) during June to 5.570 million (AR) after a May increase to 5.510 million, revised from 5.530 million. The latest level was the highest since February 2007. It surpassed expectations for 5.47 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 21 2016
U.S. Leading Economic Indicators Rebound
The Conference Board's Composite Index of Leading Economic Indicators increased 0.3% during June (0.7% y/y), following an unrevised 0.2% May decline. Expectations had been for a 0.2% rise in the Action Economics Forecast Survey. The [...]
by:Tom Moeller
|in:Economy in Brief
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