Following eight straight months of decline, pending sales of single-family homes improved 3.4% during March, according the National Association of Realtors (NAR). The 0.5% February decline was revised from a 0.8% shortfall reported [...]
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| Apr 28 2014U.S. Pending Home Sales Rebound With Improved Weather
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 25 2014
U.S. Factory and Business Sectors Drive GDP Growth
Industry output figures for Q4'13, released today by the Commerce Department, provide a detailed value-added break-out of economic performance. Overall economic growth during 2013 averaged 2.6% per quarter, the quickest over the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 24 2014
Kansas City Fed Survey Remains Elevated
The Federal Reserve Bank of Kansas City reported that its April Composite index of 10th District factory sector activity remained firm at 7 versus 10 in March. The figures were at the highest levels since early 2012. The composite [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 24 2014
U.S. Initial Unemployment Insurance Claims Rise During Easter Week
Difficulties adjusting for the timing of the Easter holiday may be behind last week's rise in initial unemployment insurance claims to 329,000 (-4.1% y/y). The increase was from a little-revised 305,000 in the week ended April 12. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 24 2014
U.S. Durable Goods Orders Post Another Solid Advance
The manufacturing sector is recovering well following a rough winter. New orders for durable goods gained 2.6% (9.1% y/y) last month following a little-revised 2.1% February rise. The increase beat expectations for a 1.9% rise in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 23 2014
U.S. New Home Sales Unexpectedly Decline Sharply
New home sales during March fell 14.5% to 384,000 (-13.3% y/y), the lowest level since July. February sales were revised to 449,000, initially reported as 440,000. The latest figure disappointed expectations for 450,000 sales in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 23 2014
U.S. Mortgage Loan Applications Decline as Interest Rates Tick Higher
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index declined 3.3% last week (-59.2% y/y) and reversed most of the prior week's increase. Applications remained two-thirds below the peak in September [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 22 2014
U.S. State Unemployment Rates Continue Downward
The overall U.S. unemployment rate declined last month to 6.7% from 10.0% at its late-2009 peak. Falling jobless rates occurred throughout the country, but there was great variation amongst individual states. The country's largest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 22 2014
U.S. Existing Home Sales Momentum Remains Weak
Sales of existing single-family homes in March slipped 0.2% (-7.5% y/y) to 4.590 million (AR) versus an unrevised 4.600 million in February. Sales have declined in seven of the last eight months by a total 14.7%. The latest figure [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 22 2014
U.S. Home Price Index from FHFA Firms Again
The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) increased 0.6% during February (6.9% y/y). That annual rate of appreciation has been fairly steady since early last year. During the last twelve months, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 22 2014
U.S. Gasoline Prices Rise With Seasonal Pressures
The coming of better weather after a rough winter prompts drivers to take to the road. That helped push the price for a gallon of regular gasoline to $3.68 last week, up 4.2% y/y. Prices, nevertheless, remained below the $3.78 per [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 21 2014
U.S. Chicago Fed National Activity Index Continues To Improve
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) rose to 0.20 last month following its February recovery to 0.53, revised from 0.14. The latest reading remained down, nevertheless, versus November's high [...]
by:Tom Moeller
|in:Economy in Brief
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