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 [...]
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 20 2016U.S. Existing Home Sales and Prices Near Recovery High
by:Tom Moeller
|in:Economy in Brief
Global| May 19 2016Philadelphia 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 2016U.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
Global| May 19 2016Chicago Fed National Activity Index Indicates Economic Improvement
The National Activity Index from the Federal Reserve Bank of Chicago increased to 0.10 during April, the first positive reading since January. It still suggested, however, that economic growth was slightly below trend. At -0.22, the [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 19 2016U.S. Initial Claims for Unemployment Insurance Decline
Initial unemployment jobless claims fell to 278,000 (+0.7% y/y) during the week ended May 14, and retraced most of the prior week's run-up to an unrevised 294,000. The decline followed three weeks of increase. The Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 18 2016U.S. Mortgage Loan Applications Slip
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index declined 1.6% last week (+18.7% y/y) following a 0.4% rise during the week prior. Purchase applications fell 5.8% (+11.5% y/y) after slight [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 18 2016U.S. Gasoline Prices Recover Earlier Loss
Regular gasoline prices rebounded to $2.24 per gallon last week (-18.3% y/y) after falling 2 cents to $2.22 in the prior week, according to the U.S. Department of Energy. Prices were at the highest level since October. The price [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 17 2016U.S. Industrial Production Posts Strong Rebound
Industrial output increased 0.7% during April (-1.1% y/y) following declines in six of the prior seven months. It was the largest increase since November 2014. A 0.3% rise in output had been expected in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 17 2016U.S. Housing Starts Rebound
Housing starts increased 6.6% (-1.7% y/y) during April to 1.172 million (AR). The gain followed a 9.4% March decline to 1.099 million, revised from 1.089 million. Expectations were for 1.121 million starts in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 17 2016U.S. CPI Strengthened by Energy Prices; Core Prices Pick Up
The Consumer Price Index strengthened 0.4% (1.1% y/y) during April following an unrevised 0.1% March rise. It was the largest increase since February 2013. The gain matched expectations in the Action Economics Forecast Survey. A 3.4% [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 16 2016U.S. Home Builders Index Is Stable
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo held at 58 during May for the fourth straight month. It remained down from the October high of 65. The NAHB figures are seasonally adjusted. [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 16 2016Empire State Factory Sector Activity Index Reverses Earlier Improvement
The Empire State Factory Index of General Business Conditions indicated deterioration in business activity during May. The New York index declined to -9.02 following unrevised positive readings in the prior two months. Nineteen [...]
by:Tom Moeller
|in:Economy in Brief
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