New home sales increased 16.7% last year to 430,000 units, adding to the 20.2% during 2012. Sales were at their highest level since 2008. Despite the increases, however, sales remained a fraction of the annual peak of 1.279 million [...]
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| Jan 27 2014U.S. New Home Sales in 2013 Reach Five-Year High
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 27 2014
U.S. New Home Sales in 2013 Reach Five-Year High
ew home sales declined 7.0% to 414,000 (+4.5% y/y), the second month of decline. November sales were revised lower. The latest figure fell short of expectations for 457,000 sales in the Action Economics Forecast Survey. These volume [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 24 2014
FHFA Home Price Index Ticks Higher
The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) edged up 0.1% (7.6% y/y) during November following a 0.5% October gain. The increase was the smallest since July 2012. During the last three months prices [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 23 2014
U.S. Leading Economic Indicators Inch Higher M/M and Firm Y/Y
The index of Leading Economic Indicators, published by the Conference Board, inched up 0.1% during December. That followed a 1.0% jump in November, revised from 0.8%, and missed the 0.2% expected gain in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 23 2014
U.S. Existing Home Sales Inch Higher M/M But Surge Y/Y
Sales of existing single-family homes in December improved a modest 1.0% (-0.6% y/y) to 4.870 million (AR) versus a downwardly revised 4.820 million in November. Sales remained 9.6% lower versus the August high and fell short of 4.930 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 23 2014
U.S. Chicago Fed National Activity Index Pulls Back
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) reversed most of its earlier increase and fell to 0.16 last month from 0.69 during November. As a result of the monthly decline, the three-month moving [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 23 2014
U.S. Initial Claims for Jobless Insurance Are Little-Changed
Initial claims for unemployment insurance of 326,000 during the week ended January 18 held near the prior week's level of 325,000, revised from 326,000. It was the lowest level since late-November. Expectations had been for an uptick [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 22 2014
Where Have All The Workers Gone? by Tom Moeller
Labor Force Participation Rates (%) Dec 2013 2008 2003 1998 1993 1988 Total 62.8 63.3 66.0 66.2 67.1 66.3 65.9 16-24 Years 54.8 55.0 58.8 61.6 65.9 66.1 68.4 25-34 Years 81.0 81.2 83.4 82.9 84.6 83.3 83.3 35-44 Years 82.1 82.2 84.1 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 22 2014
Where Have All The Workers Gone?
"It's tough to get good help these days" has long been potential employers' lament. The problem lately has been attributed to many factors; the early retirement of baby boomers, young potential workers staying in school, increased [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 22 2014
U.S. Gasoline Prices Slip Again But Crude Oil Costs Inch Higher
The price for a gallon of regular gasoline prices fell to $3.30 (-0.6% y/y) last week and remained down versus the $3.78 per gallon peak reached in February of last year. Haver Analytics constructs seasonal factors to account for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 22 2014
U.S. Mortgage Loan Applications Improve To Highest Level In Eight Weeks
Activity in the mortgage market firmed appreciably last week. The Mortgage Bankers Association reported that their total mortgage market index rose another 4.7% last week (-54.8% y/y) following the prior week's 11.9% gain. The gain [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 17 2014
U.S. Consumer Sentiment Slips
The index of consumer sentiment from the Reuters/University of Michigan survey slipped to 80.4 in the mid-month January survey from 82.5 during December. That fell short of expectations for an uptick to 83.5. During the last ten years [...]
by:Tom Moeller
|in:Economy in Brief
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