Existing single-family home sales fell 3.1% during all of 2014 to 4.916 million, following three years of positive growth. For December alone, however, sales improved 2.4% month-to-month (3.5% y/y) to 5.040 million (AR) from 4.920, [...]
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| Jan 23 2015U.S. Existing Home Sales Declined Last Year but Prices Improved
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 23 2015
Chicago Fed National Activity Index Pulls Back
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) for December declined to -0.05 from its decade's long high of 0.92 in November, revised from 0.73. The three-month moving average declined to a still-high [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 22 2015
Kansas City Fed's Factory Sector Index Deteriorates; Prices Turn Lower
The Federal Reserve Bank of Kansas City reported that its Composite index of 10th District factory sector activity fell back to 3 this month, the lowest level since August. A negative new orders figure accounted for much of the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 22 2015
U.S. Initial Claims for Jobless Insurance Ease W/W but Trend Higher
First-time claims for unemployment insurance fell to 307,000 during the week ended January 17 from 317,000 during the prior week, revised from 316,000. The four-week moving average of initial claims increased to 306,500, the highest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 22 2015
U.S. FHFA Home Price Index Picks Up Steam
The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) increased 0.8% in November following a 0.4% rise during October, initially reported as 0.6%. It was the largest increase since May of last year and pulled [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 21 2015
U.S. Mortgage Loan Applications Move Higher as Interest Rates Collapse
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index rose another 14.2% last week (39.0% y/y) as interest rates fell sharply. Applications to refinance increased 22.3% (63.3% y/y) while home purchase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 21 2015
U.S. Gasoline Price Reaches A New Low
Petroleum prices continue falling. Average gasoline prices declined another 7 cents in the week ended January 19 to $2.07 per gallon, the lowest level since April 2009. Prices have fallen by more than one-third during the last year [...]
by:Tom Moeller
|in:Economy in Brief
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) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 20 2015
U.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
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