The Mortgage Bankers Association reported that their total Mortgage Market Volume Index nudged 0.9% higher last week (-53.7% y/y) following firm gains during the prior two weeks. Applications remained two-thirds below the peak in [...]
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| May 21 2014U.S. Mortgage Loan Applications Firm
by:Tom Moeller
|in:Economy in Brief
- Global| May 20 2014
U.S. Chain Store Sales Weaken Again
The International Council of Shopping Centers and Goldman Sachs reported that chain store sales declined 1.3% (+2.4% y/y) last week, down for the third straight week. So far this month, sales have fallen 1.3% versus April after that [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 20 2014
U.S. Gasoline Prices Hold Steady; Crude Oil Gains
The price for a gallon of regular gasoline held at $3.67 last week (-0.2% y/y) for the third straight week. The price remained down from the $3.78 per gallon peak reached in February of last year. To account for seasonal volatility, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 19 2014
FIBER: Industrial Commodity Prices Strengthen
Industrial commodity prices recently exhibited moderate upward movement. Friday's industrial commodity price index, from the Foundation for International Business and Economic Research (FIBER), was 167.1, up 2.0% since early-February [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 16 2014
Empire State Factory Sector Index Improves to Four-Year High
The Federal Reserve Bank of New York indicated that its Empire State Factory Index of General Business Conditions for May jumped to 19.01 from 1.29 during April. The latest was the highest level since May 2011 and beat expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 16 2014
U.S. Home Builders Index Slips to Twelve Month Low
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo edged lower to 45 this month from 46 in April, revised from 47. The latest figure was the lowest since May of last year and disappointed [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 16 2014
Philadelphia Fed Business Conditions Index Slips
The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index for May dipped to 15.4 from 16.6 in April. Nevertheless, the latest figure remained nearly the highest since last September and beat consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 16 2014
U.S. Housing Starts Strength Driven by Multi-family
Housing starts in April gained 13.2% to 1.072 million (AR, 26.4% y/y) from 947,000 during March, revised from 946,000. The latest figure was the highest since November and easily beat expectations for 980,000 starts in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 14 2014
U.S. Mortgage Loan Applications Improve Again, While Financing Rates Decline Again
Lower mortgage rates are prompting an increase in home-financing activity. The Mortgage Bankers Association reported that their total Mortgage Market Volume Index increased 3.6% last week (-58.5% y/y) but remained in the sideways [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 14 2014
U.S. Producer Price Index Reflects Broad-Based Strength
Pricing power improved last month throughout much of the economy. The overall final demand PPI increased 0.6% (2.1% y/y) during April following an unrevised 0.5% March gain. It was the largest increase since September 2012 and easily [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 13 2014
U.S. Retail Sales Momentum is Lost
Retail and food service sales ticked 0.1% higher last month following a 1.5% March increase, revised from 1.1%. A 0.4% increase had been expected in the Action Economics Forecast Survey. Sales of motor vehicles & parts increased 0.6% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 13 2014
U.S. Business Inventory Increase Led by Wholesale
Total business inventories increased 0.4% in March (4.7% y/y) after a 0.5% February rise. The latest gain was accompanied by a 1.0% jump (4.3% y/y) in business sales after February's like rise. As a result, the inventory-to-sales [...]
by:Tom Moeller
|in:Economy in Brief
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