The Mortgage Bankers Association reported that its total Mortgage Market Volume Index declined 1.6% last week (+10.9% y/y), down for the fifth straight week. Refinance applications fell 3.9% (+8.4% y/y) to the lowest level since early [...]
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 27 2015
U.S. Mortgage Loan Applications Ease as Rates Stay Elevated
by:Tom Moeller
|in:Economy in Brief
Global| May 27 2015
U.S. Gasoline Prices Inch Higher; Crude Oil Slips
Gasoline prices rose to an average $2.77 per gallon at the pump (-24.5% y/y) last week from 2.74 in the prior week. It was the highest level of prices since early-December and prices were roughly one-third higher versus the low of [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 26 2015
Texas Factory Sector Activity Softens
Deterioration in economic activity is spreading throughout the country. The Federal Reserve Bank of Dallas indicated that Texas business conditions eased sharply this month. The overall business activity index deteriorated to its [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 26 2015
U.S. FHFA Home Price Increase Eases
The U.S. House Price Index from the Federal Housing Finance Agency (FHFA) increased 0.3% during March (5.2% y/y) following a 0.6% February rise, revised from 0.7%. The three-month gain in prices declined to 5.0%, below the 8.3% rate [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 26 2015
U.S. New Home Sales Improve With Prices
New home sales during April recovered 6.8% to 517,000 units (26.1% y/y) from 484,000 in March, initially reported as 481,000. The latest figure beat expectations for 503,000 sales in the Action Economics Forecast Survey. Sales are [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 26 2015
U.S. Durable Goods Orders Back Off
New orders for durable goods dipped 0.5% during April following a revised 5.1% March jump, earlier reported as 4.0%. A 2.5% decline (-5.1% y/y) in transportation sector orders led the total lower as it reflected a 6.1% drop in [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 22 2015
Kansas City Fed's Factory Sector Index Deteriorates To 2009 Low
The Federal Reserve Bank of Kansas City reported that business activity diminished during May. The Composite index of 10th District factory sector activity fell to -13, the lowest level since April 2009. The Fed indicated that [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 22 2015
U.S. CPI Increase Restrained By Lower Energy Prices; Core Heats Up
The consumer price index notched 0.1% higher during April (-0.2% y/y) following unrevised 0.2% increases in the prior two months. A 0.3% gain in the core price index (1.8% y/y), however, was the largest rise since January 2013. It [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 21 2015
Philadelphia Fed Business Conditions Index Furthers Its Sideways Movement
The Philadelphia Federal Reserve Bank reported that its General Factory Sector Business Conditions Index for May slipped to 6.7 from an unrevised 7.5 in April. It's been near that level all year, remaining well below the high of 40.2 [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 21 2015
U.S. Leading Economic Indicators Strengthen
The Index of Leading Economic Indicators from the Conference Board increased 0.7% during April (5.6% y/y) following a 0.4% March rise, revised from 0.2%. A 0.3% rise had been expected in the Action Economics Forecast Survey. The [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 21 2015
U.S. Existing Home Sales Fall Back
Sales of existing homes declined 3.3% (+5.5% y/y) to 5.040 million (AR) in April after a 6.5% rise during March to 5.210, million, revised from 5.190 million. Sales disappointed consensus expectations for 5.22 million in the Action [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 21 2015
Chicago Fed National Activity Index Improves
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) during April moved up to -0.15 from -0.36, revised from -0.42. The three-month moving average remained negative at -0.23, the lowest indication since [...]
by:Tom Moeller
|in:Economy in Brief
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