The Mortgage Bankers Association reported that their total Mortgage Market Volume Index rose 2.8% last week (-19.9% y/y) after the prior week's 1.4% gain. Applications were at the highest level since early last month. Applications to [...]
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| Aug 27 2014U.S. Mortgage Loan Applications Increase as Financing Remains Cheap
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 26 2014
U.S. Energy Prices Remain Under Pressure
The price for a gallon of regular gasoline declined two cents last week to $3.45 (-2.8% y/y). Prices remained down from the $3.78 per gallon peak reached in February of last year. To account for seasonal volatility, Haver Analytics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 26 2014
U.S. Consumer Confidence Continues To Improve
The Conference Board reported that their reading of consumer confidence improved 2.3% this month to 92.4 (13.0% y/y) from 90.3 in July, revised from 90.9. The latest figure beat expectations for 88.8 in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 26 2014
U.S. FHFA Home Price Index Growth Decelerates Y/Y
The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) gained 0.4% during June (5.1% y/y) after a 0.2% May increase, revised from 0.4%. The latest increase was the strongest in three months but it left the 5.1% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 26 2014
U.S. Durable Goods Orders Soar With Aircraft Bookings
New orders for durable goods surged 22.6% last month (33.8% y/y) following a 2.7% June gain, revised from 0.7%. A 5.5% rise had been expected in the Action Economics Forecast Survey. The increase reflected a 318% jump (474% y/y) in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 25 2014
Dallas Fed Factory Sector Activity and Outlook Deteriorate
The Federal Reserve Bank of Dallas reported that its August Composite index covering Texas factory sector activity declined to 7.1 from 12.7 in July. The latest figure was the lowest since March. The deterioration reflected lower new [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 25 2014
U.S. New Home Sales and Prices Continue Lower
The market for new homes hit a soft patch during the last two months. New home sales during July fell 2.4% (+12.3% y/y) to 412,000 following June's decline to 422,000, initially reported as 406,000. The figures compare to May's peak [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 25 2014
Chicago Fed National Activity Index Indicates Improved Economic Growth
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) for July increased to 0.39 from 0.21 in June, revised from 0.12. The latest level was its highest since March. The three-month moving average improved to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 22 2014
U.S. Monetary Policy Is Less Accommodative
The Federal Reserve has been reducing the growth in monetary liquidity. Three separate indicators suggest that the effort has been pervasive. 1) Money growth has been stable during the last several years and is down from its peak [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 21 2014
Philadelphia Fed Business Conditions Index Improves; Expectations Surge
The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index for August jumped to 28.0 from 23.9 in July. The figure was at the highest point since March 2011 and it exceeded consensus expectations for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 21 2014
U.S. Existing Home Sales Increase to Ten-Month High
Sales of existing single-family homes strengthened 2.4% to 5.150 million (AR) during July from 5.030 million in June, last month reported as 5.040 million. Sales were at the highest level since last September, but nevertheless [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 21 2014
U.S. Initial Claims for Unemployment Insurance Slip
Initial claims for jobless insurance during the week ended August 16 eased to 298,000 from 312,000 in the prior week, revised from 311,000. The latest figure compared to expectations for 300,000 claims in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
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