The National Association of Realtors (NAR) reported that pending sales of single-family homes declined 2.5% in January (+1.4% y/y) following December's revised 0.9% improvement, which was initially reported as 0.1%. The January sales [...]
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| Feb 29 2016U.S. Pending Home Sales Fall Sharply
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 26 2016
U.S. Personal Spending, Income and Prices Accelerate
Personal consumption expenditures strengthened 0.5% during January (4.2% y/y) after a 0.1% uptick, revised from little-change. It was the strongest rise since May. A 0.3% increase had been expected in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 26 2016
U.S. GDP Growth Revised Higher; Inventories Raised and Demand Weakened
Economic growth slowed less than previously estimated last quarter. Gross domestic product grew at a 1.0% annual rate (1.9% y/y), up from the advance estimate of a 0.7% gain. Nevertheless, growth was half that in Q3 and down sharply [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 26 2016
U.S. GDP Growth Revised Higher; Inventories Raised and Demand Weakened
Economic growth slowed less than previously estimated last quarter. Gross domestic product grew at a 1.0% annual rate (1.9% y/y), up from the advance estimate of a 0.7% gain. Nevertheless, growth was half that in Q3 and down sharply [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 25 2016
U.S. Initial Claims for Jobless Insurance Increase Slightly
Initial unemployment insurance claims rebounded to 272,000 during the week ended February 20 following an unrevised decline during the prior week. The four-week moving average eased to 272,000, and remained near a two-month low. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 25 2016
U.S. FHFA Home Price Index Increases Steadily
The U.S. House Price Index from the Federal Housing Finance Agency (FHFA) increased 0.4% during December following a 0.6% November gain, revised from 0.5%. For all of 2015, prices increased a steady 5.7%. During the last three months, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 25 2016
U.S. Durable Goods Orders Rebound; Capital Goods Surge
Factory sector activity is gaining strength. New orders for durable goods recovered 4.9% during January (1.8% y/y) following a 4.6% December decline, revised from -5.1%. A 2.4% increase had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 24 2016
U.S. New Home Sales & Prices Decline
Sales of new single-family homes declined 9.2% during January (-5.2% y/y) to 494,000 (SAAR) and reversed December's 8.2% increase to an unrevised 544,000. December sales were biased by new closing procedures which shifted sales out of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 24 2016
U.S. Mortgage Loan Applications Ease W/W; Upward Trend Remains Strong
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index declined 4.3% last week (+23.8% y/y) following two weeks of strong increase. So far this month, applications have risen 24.9% from January. Purchase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 23 2016
U.S. Consumer Confidence Declines Sharply; Expectations Deteriorate
The Conference Board's Consumer Confidence Index during February declined 5.7% to 92.2 (-6.7% y/y) from 97.8 in January, revised from 98.1. It was the lowest level of confidence since July. The figure disappointed Consensus forecasts [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 23 2016
U.S. Existing Home Sales Increase Slightly; Prices Decline
The National Association of Realtors reported that existing home sales nudged 0.4% higher (7.5% y/y) during January to 5.470 million (SAAR). The rise followed a revised 12.1% December jump. Sales were stronger than the 5.36 million [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 23 2016
U.S. Petroleum Prices Stabilize
The $1.73 average pump price (-25.8% y/y) for a gallon of regular gasoline last week was little changed from $1.72 in the prior week, according to the U.S. Department of Energy. The price compares to a 2014 high of $3.71 per gallon. [...]
by:Tom Moeller
|in:Economy in Brief
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