New home sales fell 3.3% to 440,000 (-3.3% y/y) during February as January sales were revised lower to 455,000, initially reported as 468,000. The latest figure fell short of expectations for 445,000 sales in the Action Economics [...]
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| Mar 25 2014U.S. New Home Sales Decline M/M; Prices Fall Versus Last Year
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 25 2014
U.S. Gasoline and Crude Oil Prices Hold Steady
Energy prices did a lot of nothing last week. The price for a gallon of regular gasoline held steady w/w at $3.55 (-3.6% y/y), but still was up 35 cents from the January low. Prices remained below the $3.78 per gallon peak reached in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 25 2014
U.S. Home Price Index from FHFA Continues to Firm
The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) increased 0.5% during January and by 7.4% y/y. That annual rate of appreciation has been steady since early last year. During the last twelve months prices [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 24 2014
U.S. Chicago Fed National Activity Index Recovers Modestly
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) returned to positive territory last month. The gain to 0.14 followed a January reading of -0.45, revised from -0.39, which was the second consecutive [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 24 2014
NABE Forecast Shows Improved Economic Growth in 2015
The National Association for Business Economics released its median estimate for real GDP growth in 2015 and it's expected to improve to 3.1% from an unchanged estimate of 2.8% during 2014. Quarterly growth is expected to hold steady [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 21 2014
U.S. Unemployment Rates Diminish by Age and Gender
Reported early this month, the overall civilian unemployment rate during February was 6.7%, down from the high of 9.6% reached during all of 2010. Improvement extends across all age brackets. The youngest age brackets continue, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 20 2014
U.S. Existing Home Sales Ease but Prices Firm
Sales of existing single-family homes in February slipped 0.4% (-7.1% y/y) to 4.600 million (AR) versus an unrevised 4.620 million in January. Sales were down 14.5% versus the July high and roughly equaled expectations for 4.620 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 20 2014
U.S. Leading Economic Indicators Jump
The index of Leading Economic Indicators, published by the Conference Board, increased 0.5% (4.7% y/y) in February following a 0.1% January uptick, revised from 0.3%. A 0.2% rise was expected in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 20 2014
Philadelphia Fed Business Conditions Index Improves Sharply
The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index for March rebounded to 9.0 and made up February's falloff to -6.3. The latest figure surpasses Consensus expectations for 4.0. The seasonally [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 20 2014
U.S. Initial Claims for Jobless Insurance Trend Down to Four-Month Low
The four-week moving average of initial claims for unemployment insurance declined to 327,000, the lowest level since late-November. On a weekly basis, initial claims increased to 320,000 during the week ended March 15 from an [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 19 2014
U.S. Current Account Deficit Shrinks to its Least Since 1999
Last quarter's deficit on merchandise trade shrank to $171.8 billion, its least in three years.
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 19 2014
U.S. Current Account Deficit Shrinks to its Least Since 1999
Last quarter's deficit on merchandise trade shrank to $171.8 billion, its least in three years.
by:Tom Moeller
|in:Economy in Brief
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