Sales of existing homes increased 1.7% during August (13.2% y/y) to 5.480 mil. units (AR), according to the National Association of Realtors. Earlier figures were unrevised and the latest was the highest since February 2007. Consensus [...]
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| Sep 19 2013
U.S. Existing Home Sales Improve Further As Prices Ease
by:Tom Moeller
|in:Economy in Brief
Global| Sep 19 2013
U.S. Leading Economic Indicators Continue Upward
The index of Leading Economic Indicators, published by the Conference Board, increased 0.7% last month (4.2% y/y). The gain was the strongest since April and followed an upwardly-revised 0.5% July increase. A 0.5% rise had been [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 19 2013
Philadelphia Fed Business Conditions Index Improves Sharply
The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index for September jumped to 22.3 from 9.3 in August. This latest reading was the highest since March 2011 and was much firmer than Consensus [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 19 2013
U.S. Initial Unemployment Insurance Claims Tick Higher
The job market remains on a firm footing. That's suggested by last week's modest rise in initial claims for jobless insurance to 309,000 from 294,000 during the previous period, revised from 292,000. Expectations had been for a larger [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 18 2013
FOMC Elects to Hold Posture of Abundant Liquidity Provision
It's too soon to reduce the large doses of liquidity being provided to the economy, concluded the Fed in its announcement following today's meeting of the Federal Open Market Committee. "The Committee sees the improvement in economic [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 18 2013
U.S. Mortgage Applications Recover Somewhat as Interest Rates Slip
The Mortgage Bankers Association reported that the total mortgage market index rebounded 11.2% (-49.7% y/y) last week after a 13.5% decline during the prior week. Applications to refinance an existing loan jumped 17.9% but remained [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 18 2013
U.S. Housing Starts Inch Higher
Housing starts during August posted a 0.9% gain to 891,000 (19.0% y/y) and added to the 5.7% July increase to 883,000, revised down from 896,000 reported initially. The latest level fell short of expectations for 916,000 starts in the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 17 2013
U.S. Chain Store Sales Weaken
Consumers have developed cautious spending habits of late. The International Council of Shopping Centers and Goldman Sachs reported that chain store sales fell 1.6% last week (+3.2% y/y). So far this month sales have slipped 0.5% from [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 17 2013
U.S. Energy Prices Slip
The price for a gallon of regular gasoline fell 4 cents last week to $3.55 (-8.5% y/y). Prices remained down from the $3.78 per gallon peak reached late in February. Haver Analytics constructs seasonal factors to account for seasonal [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 17 2013
U.S. Home Builders Index Remains At Highest Level Since 2005
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo held at 58 this month after a 2 point advance in August. The latest level remained the highest since November 2005 but disappointed [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 17 2013
U.S. Consumer Price Inflation Remains Subdued
Consumer prices posted a minimal increase last month. The August consumer price index rise of just 0.1% (1.5% y/y) followed an unrevised 0.2% gain during July. A 0.2% increase had been expected according to the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 16 2013
U.S. Industrial Production Gain is Led by Autos & High-Tech
Factory sector activity is showing renewed life. Industrial production gained 0.4% during August (2.7% y/y) following an unrevised no-change in July. A 0.5% rise had been expected in the Action Economics survey. Factory sector [...]
by:Tom Moeller
|in:Economy in Brief
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