The Mortgage Bankers Association indicated that their total mortgage market index fell 1.2% last week (-51.8% y/y). Applications remained 63.3% lower than the peak in September 2012. Applications to purchase a home slipped 0.9% [...]
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 19 2014U.S. Mortgage Loan Applications Decline Further
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 19 2014
U.S. Current Account Deficit Shrinks to its Least Since 1999
The U.S. current account deficit decreased in Q4'13 to $81.1 billion from $96.4 billion in Q3. It was the smallest quarterly deficit since Q3 1999. It represented 1.9% of GDP, the least since Q3 1997. The Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 18 2014
U.S. Gasoline Prices Move Up but Crude Oil and Natural Gas Prices Decline
Energy prices were mixed last week. The price for a gallon of regular gasoline increased to $3.55 (-40% y/y) last week, up 35 cents from the January low. Nevertheless, prices remained below the $3.78 per gallon peak reached in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 18 2014
U.S. Housing Starts Remain Fairly Stable
Housing starts in February slipped 0.2% to 907,000 units (-6.4% y/y) from 909,000 during January, revised up from 880,000. The latest level nearly matched expectations for 910,000 starts in the Action Economics Forecast Survey. Starts [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 18 2014
U.S. Consumer Price Inflation is Minimal; Food Prices Jump but Energy Prices Weaken
Consumer prices edged 0.1% higher (1.1% y/y) during February following a like January rise. The increase matched consensus expectations in the Action Economics Forecast Survey. Consumer prices excluding food and energy also gained [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 17 2014
U.S. Home Builders Index Shows Stability
Following a record 10 point decline under heavy snowfall, the Composite Housing Market Index from the National Association of Home Builders-Wells Fargo edged up 1 point this month to 47. The index now stands 6.8% above March of 2013. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 17 2014
U.S. Factory Sector Gain Recaptures January's Lost Output
The output of U.S. factories increased 0.8% (1.6% y/y) during February following a little-revised 0.9% January decline. Overall industrial production improved 0.6% (2.8%y/y). Utility output, however, slipped 0.2% (+8.2% y/y) following [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 17 2014
Empire State Factory Index Remains Positive
The Federal Reserve Bank of New York indicated that its Empire State Factory Index of General Business Conditions for March improved to 5.61 from 4.48 during February. The latest figure roughly equaled expectations for a level of 6.0, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 14 2014
U.S. Producer Price Index Slips
The overall final demand PPI slipped 0.1% in February (+0.9% y/y) following a 0.2% gain in January. Producer prices excluding food & energy declined 0.2% (+1.1 y/y), the first decline in six months. Final demand prices for goods (35% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 13 2014
U.S. Budget Deficit is Reduced by Revenue Strength and Outlay Weakness
The Federal Government posted a $193.5 billion budget deficit during February of FY 2014. The latest figure was smaller than the Action Economics Forecast Survey expectation of a $215.0 billion deficit. In the first five months of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 13 2014
U.S. Business Inventories Continue to Post a Firm Increase
Total business inventories increased 0.4% in January (3.9% y/y) after a 0.5% December rise. These gains were accompanied a 0.9% decline (+2.5% y/y) in business sales after December's 0.1% slip. As a result, the inventory-to-sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 13 2014
U.S. Import Prices Increase With Higher Oil Prices
Import prices increased 0.9% during February following a 0.4% January gain, revised from 0.1%. A 0.5% rise had been expected in the Action Economics survey. A 4.4% jump (-2.6% y/y) in petroleum prices added to an easier 0.2% [...]
by:Tom Moeller
|in:Economy in Brief
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