The Mortgage Bankers Association reported that its total Mortgage Market Volume Index was little-changed last week (20.0% y/y). Purchase applications increased 7.7% (30.2% y/y) but refinancing applications declined 6.0% (+13.1% y/y). [...]
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| Dec 02 2015U.S. Mortgage Loan Applications and Interest Rates Move Sideways
by:Tom Moeller
|in:Economy in Brief
Nonfarm productivity during Q3'15 grew 2.2% at a seasonally adjusted annual rate, revised from 1.6%. The increase followed an unrevised 3.5% rise in Q2. The revised Q3 increase matched expectations in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
The ADP/Moody's National Employment Report indicated that nonfarm private sector payrolls increased 217,000 during November following a 196,000 October gain, revised from 182,000. The latest was firmer than expectations for a 190,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2015
U.S. Gasoline Prices Decline; Crude Oil Nudges Higher
Gasoline prices at the pump declined last week to $2.06 per gallon, off 3 cents from the prior week. Prices were down 25.9% y/y and roughly equaled the January low of $2.04. Haver Analytics constructs factors adjusting for the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2015
U.S. Light Vehicle Sales Remain Strong Despite Monthly Dip
Total sales of light vehicles eased 0.3% during November to 18.19 million units (SAAR) following a like increase in October. Sales have risen 6.2% since last November and were near the highest level since July 2005. Passenger car [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2015
U.S. Construction Activity Continues to Strengthen
The value of construction put-in-place increased 1.0% during October following an unrevised 0.6% September increase. Three-month growth of 10.4% (AR) was steady with Q3 but down sharply from 29.2% during Q2. A 0.5% October rise had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2015
U.S. ISM Factory Index Falls to Lowest Level Since 2009
Activity in the manufacturing sector declined last month according the Institute for Supply Management. Its Composite Index of factory sector activity fell to 48.6 during November from an unrevised October reading of 50.1. This was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2015
U.S. Gasoline Prices Decline; Crude Oil Nudges Up
Gasoline prices at the pump declined last week to $2.06 per gallon, down 3 cents from the prior week. Prices were down 25.9% y/y and roughly equaled the January low of $2.04. Haver Analytics constructs factors adjusting for the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2015
Dallas Fed Factory Sector Activity Improves; Employment Figures Strengthen
The Federal Reserve Bank of Dallas reported that its November Composite index of factory sector activity increased to -4.9 from -12.7. The reading is up from the May low of -20.8. The production component showed the most improvement [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2015
U.S. Pending Home Sales Improve
The National Association of Realtors (NAR) reported that pending sales of single-family homes gained 0.2% during October (2.1% y/y) following a revised 1.6% September drop, initially reported as -2.3%. Sales remained 4.1% below the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2015
Chicago Business Barometer Reverses Earlier Improvement; Suggests Economic Contraction
The Chicago Business Barometer in November plummeted 7.5 points to 48.7 and fully reversed its October rise. The latest equaled the lowest reading since May 2015 and was led by a sharp decline in new orders. The drop in the overall [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 25 2015
U.S. New Home Sales Rise M/M but Tread Water This Year
Sales of new single-family homes increased 10.7% during October to 495,000 (AR) from 447,000 in September, revised from 468,000. The gain left sales up 4.9% y/y but unchanged since December. Sales of 500,000 had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
- of1071Go to 373 page