New home sales during March declined to 481,000 (+19.4% y/y) from 543,000 during February, initially reported as 539,000. The latest figure missed expectations for 510,000 sales in the Action Economics Forecast Survey and was the [...]
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| Apr 23 2015U.S. New Home Sales Unexpectedly Backpedal
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 23 2015
U.S. Initial Unemployment Insurance Claims Suggest Limited Layoffs
The job market remains on a firm footing as evidenced by initial claims for unemployment insurance. Except for a brief period this winter, they have been hovering below 300,000 since August. Initial claims in the week ended April 18 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 22 2015
U.S. Existing Home Sales Surge
Following a tough winter, sales of existing homes surged 6.1% (13.5% y/y) to 5.190 million (AR). It was the highest level of sales since September 2013 and followed a little-revised 1.5% February rise. Sales exceeded consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 22 2015
U.S. FHFA Home Price Index Increase Improves
The U.S. House Price Index from the Federal Housing Finance Agency (FHFA) increased 0.7% during February (5.4% y/y) following an unrevised 0.3% January rise. The three-month gain in prices remained stable at 7.3%, up from 3.3% in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 22 2015
U.S. Mortgage Loan Applications Move Higher as Rates Continue To Fall
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index increased 2.3% last week (28.6% y/y) and made up the prior week's decline. Purchase applications jumped 5.0% (15.6% y/y) to the highest level since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 21 2015
U.S. Petroleum Prices Move Higher
Gasoline prices increased last week to an average $2.49 cents per gallon. Prices were at their highest level since the middle of December, but remained down by roughly one-third versus a year ago. Haver Analytics constructs factors [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 20 2015
Chicago Fed National Activity Index Deterioration Intensifies
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) during March fell to -0.42 from -0.18, revised from -0.11. It was the weakest reading since January of last year. The three-month moving average remained [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 17 2015
U.S. Leading Economic Indicators Improve Modestly
The Index of Leading Economic Indicators from the Conference Board increased 0.2% during March (5.2% y/y) following a 0.1% rise, revised from 0.2%. A 0.3% rise had been expected in the Action Economics Forecast Survey. The increase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 17 2015
U.S. Consumer Price Inflation Heats Up
Prices recently gained upward momentum. The consumer price index increased 0.2% (-0.1% y/y) in March and February following declines in the prior three months. Last month's rise matched expectations in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 16 2015
Philadelphia Fed Business Conditions Index Ticks Up But Trends Sideways
The Philadelphia Federal Reserve Bank reported that its General Factory Sector Business Conditions Index for April improved to 7.5 from an unrevised 5.0 in January. The number, nevertheless, remained well below the high of 40.2 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 16 2015
U.S. Initial Claims for Unemployment Insurance Trend Lower
Initial claims for jobless insurance in the week ended April 11 nudged up to 294,000 (-3.5% y/y) from 282,000 in the prior week, revised from 281,000. Despite the rise, the four-week moving average of claims of 282,750 was nearly the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 16 2015
U.S. Housing Starts Post Disappointing Rebound from Winter Low
Housing starts during March improved 2.0% to 926,000 units (-3.5% y/y). The gain followed declines during the prior two months totaling 16.0%. February's level of starts was revised to 908,000 from 897,000. Last month's improvement [...]
by:Tom Moeller
|in:Economy in Brief
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