The Mortgage Bankers Association reported that their total Mortgage Market Volume Index gained 1.6% last week (-30.0% y/y), making up most of the prior week's decline. Applications remained two-thirds below the peak in September 2012. [...]
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 06 2014
U.S. Mortgage Loan Applications Continue To Trend Sideways
by:Tom Moeller
|in:Economy in Brief
Global| Aug 06 2014
U.S. Trade Deficit Declines as Imports Fall
The U.S. foreign trade deficit during June eased to $41.5 billion from $44.7 billion in May. The deficit was the smallest since January and shallower than consensus estimates for $44.3 billion in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 05 2014
U.S. Energy Prices Remain Weak
The price for a gallon of regular gasoline declined two cents last week to $3.52 (-3.2% 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 05 2014
U.S. Factory Sector Orders and Backlogs Increase
New orders to all manufacturers jumped 1.1% (1.5% y/y) in June following a 0.6% decline during May, revised from -0.5%. A 0.6% increase was expected in the Action Economics Forecast Survey. A 1.7% rebound (-0.6% y/y) in durable goods [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 05 2014
U.S. Gasoline Prices Return to March Low
The price for a gallon of regular gasoline declined another five cents last week to $3.54 (-2.9% y/y). Prices remained down from the $3.78 per gallon peak reached in February of last year. To account for seasonal volatility, Haver [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 05 2014
U.S. ISM Nonmanufacturing Index Garners Strength
Activity in the service & construction sectors increased last month at its quickest rate since August 2005. The Composite Index for the service & building sectors from the Institute for Supply Management (ISM) rose to 58.7 in July [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 04 2014
FIBER: Industrial Commodity Prices Are Mixed
Lower oil prices recently have countered increases in most other industrial commodity prices and left the overall trend muted. The industrial commodity price index, from the Foundation for International Business and Economic Research [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 01 2014
U.S. Vehicle Sales Back Off A Bit
According to the Autodata Corporation, sales of light vehicles declined 2.5% during July to 16.48 million units (SAAR). Sales still were 4.6% higher y/y. Moreover, sales were 2.7% higher versus December and up 82.2% since the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 01 2014
U.S. ISM Index Improves Further; Prices Also Rise
The Composite Index of Manufacturing Sector Activity from the Institute for Supply Management increased to 57.1 during July versus an unrevised 55.3 in June. The reading was the highest since April 2011 and exceeded consensus [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 01 2014
U.S. Payrolls Rise 209,000; Jobless Rate Backs Up
The rate of job market improvement toned down a bit last month. Nonfarm payrolls increased 209,000 during July following upwardly-revised gains of 298,000 and 229,000 during the prior two months. The increase fell short of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 01 2014
U.S. Payrolls Rise 209,000; Jobless Rate Backs Up
The rate of job market improvement toned down a bit last month. Nonfarm payrolls increased 209,000 during July following upwardly-revised gains of 298,000 and 229,000 during the prior two months. The increase fell short of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 31 2014
U.S. Initial Unemployment Insurance Claims Recoup Earlier Decline
Initial unemployment insurance claims rebounded to 302,000 (-9.3% y/y) during the week ended July 26 from 279,000 in the week prior, earlier reported as 284,000. The four-week moving average of initial claims, nevertheless, fell to [...]
by:Tom Moeller
|in:Economy in Brief
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