The National Association of Realtors (NAR) reported that pending sales of single-family homes jumped 5.1% in April (4.6% y/y) following a little-revised 1.6% March increase. The April sales volume was the strongest since February [...]
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| May 26 2016U.S. Pending Home Sales Surge to 10-Year High
by:Tom Moeller
|in:Economy in Brief
- Global| May 26 2016
U.S. Durable Goods Orders' Strength Led by Civilian Aircraft; Capital Spending Weakens
New orders for durable goods jumped 3.4% during April (1.9% y/y) following a 1.9% March increase, revised from 0.8%. A 0.2% April gain had been expected in the Action Economics Forecast Survey. Data were revised back to 2001. A 64.9% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 26 2016
U.S. Initial Unemployment Insurance Claims Fall Again
Initial claims for unemployment insurance declined to 268,000 (-4.6% y/y) during the week ended May 21 from an unrevised fall to 278,000 during the prior week. The Action Economics Forecast Survey expected 275,000 claims. The four [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 25 2016
U.S. Mortgage Loan Applications Increase
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index increased 2.3% last week (24.2% y/y) following a 1.0 decline during the week prior. Purchase applications jumped 4.8% (16.6% y/y) and made up the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 25 2016
U.S. FHFA Home Price Index Increase Firms
The U.S. House Price Index, from the Federal Housing Finance Agency (FHFA), increased 0.7% (6.1% y/y) during March following a 0.5% gain during February, revised from 0.4%. It was the quickest rise in six months and improved the y/y [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 24 2016
U.S. Gasoline & Crude Oil Prices Strengthen
Regular gasoline prices increased to $2.30 per gallon last week (-17.1% y/y) following two weeks of little change, according to the U.S. Department of Energy. Prices were at the highest level since the first week of October. The price [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 24 2016
U.S. New Home Sales Jump to January 2008 High; Prices Strengthen
The housing market improved significantly as the spring selling season unfolded. Sales of new single-family homes during April jumped 16.6% to 619,000 (AR) from 531,000 in March, revised from 511,000. Sales in February and January [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 24 2016
Philadelphia Fed Survey of Nonmanufacturing Business Activity Index Is Roughly Steady
The Federal Reserve Bank of Philadelphia reported that its Index of Nonmanufacturing Sector Activity at the company level was fairly steady in May, for a second month, at 18.2 versus 17.8 in April. The measure has been declining, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 23 2016
U.S. State Unemployment Rates Vary Greatly
The overall U.S. unemployment rate has averaged 5.0% since Q4 of last year, half its late-2009 peak. For all of 2015, the 5.3% jobless rate was down roughly two percentage points from 2014. Despite the overall decline great variation [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 20 2016
U.S. Existing Home Sales and Prices Near Recovery High
Sales of existing homes increased 1.7% (6.0% y/y) to 5.450 million (SAAR) during April from 5.360 million in March, revised from 5.330 million. Sales have been notably volatile m/m during the past year, but the latest reading was just [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 19 2016
Philadelphia Fed Business Conditions Index Remains Negative
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index eased during May to -1.8 from an unrevised -1.6 in April. The decline compared to expectations for 3.0 in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 19 2016
U.S. Leading Economic Indicators Firm
The Conference Board's Composite Index of Leading Economic Indicators increased 0.6% during April (1.9% y/y), following an unrevised 0.2% March gain. It was the largest increase since June, and beat expectations for a 0.3% rise in the [...]
by:Tom Moeller
|in:Economy in Brief
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