The National Association of Realtors (NAR) reported that pending sales of single-family homes improved another 3.1% during February following a 1.2% January rise, last month reported as a 1.7% increase. These sales are reported as an [...]
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| Mar 30 2015U.S. Pending Home Sales Increase Again
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 30 2015
U.S. Personal Income Increase Continues to Outpace Spending
Personal income rose 0.4% during February (4.5% y/y) following a revised 0.4% January increase, last month reported as 0.3%. Expectations had been for a 0.3% rise in the Consensus Economics Forecast Survey. Wages & salaries improved [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 27 2015
U.S. GDP Growth is Unchanged at 2.2%; Corporate Profits Decline
Real GDP growth of 2.2% during Q4 2014 was unrevised in the latest estimate (2.4% y/y). The increase compared to an expected 2.4% rise in the Action Economics Forecast Survey. During all of last year, real GDP expanded 2.4%, up from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 26 2015
Kansas City Fed's Factory Sector Index Moves Sharply Lower, Helped by Port Closings
The Federal Reserve Bank of Kansas City reported that business activity moderated significantly this month. The Fed indicated that answers to a special question cited West Coast port disruptions as contributing significantly to the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 26 2015
U.S. Initial Unemployment Insurance Claims Return to Five-Week Low
The labor market remains on a firm footing. Initial claims for jobless insurance in the week ended March 21 declined to 282,000 from an unrevised 291,000 during the prior week. The four-week moving average of initial claims fell to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 25 2015
U.S. Mortgage Loan Applications Recover as Interest Rates Decline
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index increased 9.5% last week (21.0% y/y) to the highest level since early-February. Refinance applications led the way up with a 12.3% w/w increase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 25 2015
U.S. Durable Goods Orders Decline is Broad-Based
New orders for durable goods fell 1.4% during February (+0.6% y/y) following a 2.0% January increase, initially estimated as 2.8%. An 8.9% decline (-22.4 y/y) in nondefense aircraft & parts bookings led total orders downward. Total [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 24 2015
U.S. Energy Prices Hold Steady; Crude Oil Touches New Low
Gasoline prices ticked 1 cent higher last week to $2.46 cents per gallon. Prices remained well below the $3.70 per gallon peak last June. Haver Analytics constructs factors adjusting for the seasonal variation in pump prices. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 24 2015
U.S. FHFA Home Price Index Increase Remains Firm
The U.S. House Price Index from the Federal Housing Finance Agency (FHFA) increased 0.3% in January (5.1% y/y) following a 0.7% December rise, which was revised slightly from 0.8% reported initially. The three-month gain in prices [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 24 2015
U.S. New Home Sales Surprisingly Improve As Prices Weaken Further
New home sales during February increased to 539,000 from 500,000 in January, initially reported as 481,000. The latest figure was the highest since February 2008 and surpassed expectations for 470,000 sales in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 24 2015
U.S. Consumer Prices Increase With Energy Price Turnaround; Core Prices Firm
The consumer price index gained 0.2% (0.0% y/y), the first increase in four months. While the rise matched expectations in the Action Economics Forecast Survey, a 0.2% increase in the core price index surpassed the average forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 23 2015
U.S. Existing Home Sales Remain Under Pressure
Sales of existing homes improved 1.2% during February to 4.880 million (AR, 4.7% y/y), following an unrevised 4.9% January decline. Home sales remained down 5.4% from October and slightly missed consensus expectations for 4.92 million [...]
by:Tom Moeller
|in:Economy in Brief
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