Housing starts during all of last year totaled 1.006 million, the highest level since 2007. The 8.0% gain followed double-digit increases during the prior two years. Starts during December rose 4.4% to 1.089 million (AR, 5.3% 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
by:Tom Moeller
|in:Economy in Brief
Global| Jan 20 2015U.S. Home Builders Index Edges Down
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo slipped to 57 in January from an upwardly revised December reading of 58, earlier reported as 57. During the last ten years, there has been [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 19 2015
FIBER: Industrial Commodity Prices Fall Further
Prices for industrial materials continue to exhibit broad-based decline. The industrial commodity price index from the Foundation for International Business and Economic Research (FIBER) fell 11.8% through last week versus one year [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 19 2015
FIBER: Industrial Commodity Prices Fall Further
Prices for industrial materials continue to exhibit broad-based decline. The industrial commodity price index from the Foundation for International Business and Economic Research (FIBER) fell 11.8% through last week versus one year [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 16 2015
U.S. Industrial Production Dips M/M As Temperatures Warm; Yearly Gain Strengthens
Industrial production ticked 0.1% lower last month (+4.8% y/y) following an unrevised 1.3% jump. The latest gain was held back by a 7.4% slump (-5.4%) in utility output. The 4.3% average annual gain in total output, however, was the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 16 2015
U.S. Consumer Prices Decline With Lower Fuel Costs; Core Prices Steady
Consumer prices continued declining by the most in six years. The consumer price index fell 0.4% during December following an unrevised 0.3% fall during November. It was the largest monthly drop since December 2008 and matched [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 15 2015
Empire State Factory Sector Index Rebounds Into Positive Territory
The Federal Reserve Bank of New York reported that its Empire State Factory Index of General Business Conditions rebounded to 9.95 during January, after falling to -1.23 in December, revised from -3.58. These figures, nevertheless, [...]
by:Tom Moeller
|in:Economy in Brief
The Philadelphia Federal Reserve Bank reported that its General Factory Sector Business Conditions Index for January fell sharply to 6.3 from 24.3 in December. The figure was the lowest since February and fell well below expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 15 2015
U.S. Producer Price Index Falls With Oil and Food Prices; Shows Upward Pressure Elsewhere
The overall Final Demand Producer Price Index fell 0.3% during December (+1.1% y/y) and followed an unrevised 0.2% November decline. A 0.4% decline was expected in the Action Economics Forecast Survey. Prices excluding food & energy [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 15 2015
U.S. Initial Unemployment Insurance Claims Jump to Four-Month High
Initial claims for unemployment insurance continue to track upward. During the week ended January 10, claims jumped to 316,000 (-4.0% y/y) from 297,000 in the week prior, revised from 294,000. The latest was the highest level since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 14 2015
U.S. Mortgage Loan Applications Jump as Interest Rates Fall
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index surged by nearly one-half last week (27.4% y/y) as interest rates fell sharply. Applications to purchase a home gained one-quarter (2.6% y/y) and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 14 2015
U.S. Business Inventory Growth Is Stable Though Sales Decline, Again
Total business inventories rose 0.2% in November (4.4% y/y), the same as in October, which was unrevised. Total business sales edged down 0.2% (+2.2% y/y) following a deepened 0.3% decline. The resulting inventory/sales ratio for [...]
by:Tom Moeller
|in:Economy in Brief
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