The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo declined to 55 in February (+19.6% y/y) from an unrevised 57 in January. It was the lowest figure since October. During the last ten years, [...]
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| Feb 17 2015U.S. Home Builders Index Moves Lower
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 17 2015
Empire State Factory Sector Index Slips; Expectations Series Dives
The Empire State Factory Index of General Business Conditions fell to 7.78 during February, after rising to 9.95 in January. The figures remained well below the 27.41 peak reached last September. The figures are from the Federal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 13 2015
U.S. Home Affordability Deteriorates in 2014
The National Association of Realtors reported that during all of last year its Housing Affordability Composite Index declined to 166.2, the lowest level since 2008. For December, the index improved somewhat to 167.8 but remained down [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 13 2015
U.S. Import and Export Price Declines Continue
Downward pressure on prices of internationally traded goods is ongoing. Import prices declined 2.8% during January (-8.0% y/y) following a revised 1.9% December fall, earlier reported as -2.5%. It was the largest of seven straight [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 12 2015
U.S. Business Inventory Growth Decelerates but I/S Ratio Increases
Total business inventories nudged just 0.1% higher in December (3.9% y/y) versus an unrevised 0.2% November rise. During the last three months, inventory growth slowed to 1.8% (AR) from its high of 7.6% late in 2013. Total business [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 12 2015
U.S. Initial Unemployment Insurance Claims Rebound to Three-Week High
Initial claims for unemployment insurance increased to 304,000 during the week ended February 7 following a rise to 279,000 during the prior week, revised from 278,000. The four-week moving average of initial claims declined to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 12 2015
U.S. Retail Sales Are Disappointing
Overall retail sales including food services & drinking places declined 0.8% last month following an unrevised 0.9% fall in December. A 0.5% shortfall had been expected in the Action Economics Forecast Survey. Sales excluding autos [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 11 2015
U.S. Budget Deficit Deepens With Spending Surge
The Federal Government reported a $17.544 billion budget deficit during January compared to a $10.250 billion deficit during January of 2014. For the first four months of Fiscal Year 2015, the deficit of $194.209 billion compares to a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 11 2015
U.S. Mortgage Loan Applications Pull Back; Interest Rates Remain Unchanged
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index declined 9.0% last week (+26.3% y/y) following a 1.3% improvement during the prior week. Refinance applications fell 10.3% (+41.8% y/y). Home [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 10 2015
U.S. Wholesale Inventory Accumulation Rate Intensified Last Year
Inventories at the wholesale level during all of last year increased 6.7%, the fastest rate since 2011. During December, however, the gain slipped back to just 0.1% after an unrevised 0.8% jump in November. Durable goods inventories [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 10 2015
U.S. JOLTS: Job Openings Rate Reaches New High
The job openings rate during December jumped to 3.5%, a record high. During all of 2014, the 3.5% rate was near the record reached in 2000. The job openings rate is the number of job openings on the last business day of the month as a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 10 2015
U.S. Small Business Optimism Fades Somewhat
The National Federation of Independent Business reported that its Small Business Optimism Index for January declined to 97.9 from the unrevised high of 100.4 during December. The figure, nevertheless, remained near its highest level [...]
by:Tom Moeller
|in:Economy in Brief
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