The Mortgage Bankers Association reported that its total Mortgage Market Volume Index jumped 25.5% last week (52.4% y/y). It was the highest level of applications since late-January. Home purchase applications surged 27.4% (48.9% 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| Oct 07 2015U.S. Mortgage Loan Applications Surge as Interest Rates Fall Further
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 06 2015
U.S. Gasoline Prices Remain Stable; Natural Gas Hits 2012 Low
Gasoline prices at the pump remained unchanged last week at $2.32 per gallon (-29.7% y/y) but remained below $2.84 in mid-June. Haver Analytics constructs factors adjusting for the seasonal variation in pump prices. The seasonally [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 06 2015
U.S. Trade Deficit Deepens Unexpectedly
These foreign trade figures add to the preliminary numbers released one week ago by including trade in services and data by country. The U.S. foreign trade deficit in goods and services during August increased to $48.3 billion from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 05 2015
U.S. ISM Nonmanufacturing Index Declines, Led by Orders
The Institute for Supply Management (ISM) Composite Index of Nonmanufacturing Sector Business fell to 56.9 during September from an unrevised 59.0 August. Despite the decline, the average during the third quarter of 58.7 was its [...]
by:Tom Moeller
|in:Economy in Brief
Job growth remained weak for a second month during September. Nonfarm payrolls grew 142,000 following downwardly revised increases of 136,000 and 223,000 during the prior two months. The gains compared to a 260,000 average last year [...]
by:Tom Moeller
|in:Economy in Brief
Job growth remained weak for a second month during September. Nonfarm payrolls grew 142,000 following downwardly revised increases of 136,000 and 223,000 during the prior two months. The gains compare to a 260,000 average last year [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 01 2015
U.S. Light Vehicle Sales Continue to Improve
Strength in employment and income combined with minimal pricing power continues to generate buying at new car & truck dealerships. Total sales of light vehicles increased 2.0% during September to 18.17 million units (SAAR). Sales were [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 01 2015
U.S. Construction Spending Improvement Slows Versus A Strong Spring
The value of construction put-in-place increased 0.7% during August following a downwardly revised 0.4% rise in July. June's increase was revised higher to 0.6%. Three-month growth declined sharply to 6.8% (AR), down from 30.0% in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 01 2015
U.S. ISM Factory Index Weakens to Two-Year Low; Prices Decline
Activity in the manufacturing sector is continuing to lose steam. The Composite Index from the Institute for Supply Management (ISM) fell to 50.2 during September following an unrevised decline to 51.1 in August. It remained the [...]
by:Tom Moeller
|in:Economy in Brief
Today's Labor Department report on unemployment insurance applications suggests that the job market remains firm. Initial claims rose to 277,000 (-5.3% y/y) during the week ended September 26 from an unrevised 267,000 during the prior [...]
by:Tom Moeller
|in:Economy in Brief
Today's Labor Department report on unemployment insurance applications suggests that the job market remains firm. Initial claims rose to 277,000 (-5.3% y/y) during the week ended September 26 from an unrevised 267,000 during the prior [...]
by:Tom Moeller
|in:Economy in Brief
Today's Labor Department report on unemployment insurance applications suggests that the job market remains firm. Initial claims rose to 277,000 (-5.3% y/y) during the week ended September 26 from an unrevised 267,000 during the prior [...]
by:Tom Moeller
|in:Economy in Brief
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