Housing starts improved 5.9% last month to 896,000 (20.9% y/y) and reversed most of the June decline to 846,000, initially reported as 836,000. The rise nearly matched expectations for 903,000 starts in the Action Economics survey. [...]
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| Aug 16 2013U.S. Housing Starts Rebound As Multi-family Recovers; Single-family Slips
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 15 2013
U.S. Home Builders Index Moves To Eight-Year High
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo rose another 3 points to 59 this month after a 5 point advance in July. The latest rise was to the highest level since November 2005 and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 15 2013
Philadelphia Fed Business Conditions Index Remains Positive
The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index for August slipped to 9.3 from 19.8 in July. Nevertheless, it was the fifth positive reading in the last six months. The figure disappointed [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 15 2013
U.S. Industrial Production Remains Unchanged
Industrial production remained unchanged (1.3% y/y) during July following a 0.2% June increase, initially reported as 0.4%. A 0.3% rise had been expected in the Action Economics survey. Factory sector production slipped 0.1% (+1.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 15 2013
U.S. CPI Moderates As Energy Price Strength Cools
Price inflation showed signs of moderating last month. The July consumer price index increased an expected 0.2% (2.0% y/y) following its 0.5% jump during June. Prices excluding food and energy also gained 0.2% (1.7% y/y) for the third [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 14 2013
U.S. Home Mortgage Applications Slacken; Mortgage Rates Slip
Higher interest rates continue to take their toll on the mortgage market. The Mortgage Bankers Association reported that the total mortgage market index fell 4.7% (-46.8% y/y) last week. Home purchase mortgage applications declined [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 14 2013
U.S. PPI Unexpectedly Remains Unchanged; Core Prices Are Well Behaved
Upward pressure on wholesale prices eased last month. The producer price index for finished goods was unchanged during July (2.1% y/y) following an unrevised 0.8% June increase. The figure fell short of consensus expectations for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 13 2013
U.S. Business Inventories Remain Unchanged
Total business inventories were unchanged versus May (3.5% y/y) following that month's 0.1% downtick, last month reported as a 0.1% uptick. The figure was accompanied by a 0.2% rise (4.9% y/y) in business sales. As a result, the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 13 2013
U.S. Small Business Optimism Ticks Higher
The National Federation of Independent Business reported that its Small Business Optimism Index nudged up during July to a seasonally adjusted 94.1 from 93.5 in June. The gain did not fully make up June's decline and thus remained [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 13 2013
U.S. Import Prices Rise After Four Months of Decline
Import prices increased 0.2% last month following a 0.4% June decline, initially reported as -0.2%. A 0.9% rise in prices had been expected in the Action Economics survey. A 3.2% jump (7.8% y/y) in petroleum prices was accompanied by [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 13 2013
U.S. Retail Sales Gain Slackens As Motor Vehicle Sales Decline
Retail sales nudged up just 0.2% last month (5.4% y/y) following a revised June gain of 0.6%, initially reported as 0.4%. A 0.3% rise had been expected according to Action Economics. Retail sales excluding motor vehicles were stronger [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 12 2013
FIBER: Industrial Commodity Prices Show Improvement
Following softness earlier this year, the recent firming of industrial commodity prices indicate that a corner toward improvement has been turned. Friday's industrial commodity price index, from the Foundation for International [...]
by:Tom Moeller
|in:Economy in Brief
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