- Rise in starts is led by surge in single-family.
- Activity improves across the country.
- Building permits decline, led by multi-family.
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
USA| Dec 19 2023U.S. Housing Starts Strengthen in November
by:Tom Moeller
|in:Economy in Brief
- Modest rebound recoups some of prior month’s decline.
- Prospective buyer traffic increases moderately.
- Improvement stretches across most regions of country.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 15 2023U.S. Industrial Production Improves in November
- Factory output increase is led by strong gain in autos.
- Other industry performance is mixed.
- Capacity utilization edges higher.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 15 2023U.S. Empire State Manufacturing Index Turns Negative in December
- Weakness is broad-basted amongst categories.
- Inflation pressures ease.
- Six-month outlook improves.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 14 2023U.S. Retail Sales Unexpectedly Improve During November
- Online buying strengthens.
- General merchandise sales ease.
- Gasoline sales continue to decline with lower prices.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 14 2023U.S. Business Inventories Ease While Sales Decline in October
- Wholesale inventories lead total downward.
- Sales fall across industry groupings.
- Business sector inventory-to-sales ratio edges higher.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 13 2023FOMC Holds Funds Rate Steady as Expected
- Federal funds rate range remains at 5.25% - 5.50%, where it’s been since early August.
- Rate stays at highest level since March 2001.
- Fed maintains focus on inflation reduction.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 13 2023U.S. Producer Prices Hold Steady in November
- Unchanged reading reflects lower energy prices.
- Core consumer goods prices rise.
- Services prices are unchanged for a second straight month.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 12 2023U.S. Gov’t Budget Deficit Deepens in November
- Deficit is largest since March & expands y/y.
- Revenues rise y/y as individual tax receipts surge.
- Outlays strengthen with Medicare & Social Security.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 12 2023U.S. CPI Edges Higher in November; Core Prices Strengthen
- Core services prices increase broadly.
- Goods price changes are mixed.
- Energy prices decline, but food costs increase.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 12 2023U.S. Energy Prices Decline Broadly
- Gasoline prices & diesel fuel prices decline.
- Crude oil prices continue to weaken.
- Natural gas prices resume decline.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 11 2023U.S. Housing Affordability Resumes Decline in October
- Principal & interest payments increase.
- Mortgage rates continue to rise.
- Median sales price of single-family home slips.
by:Tom Moeller
|in:Economy in Brief
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