Pending sales of single-family homes slipped 0.4% (+8.5% y/y) last month after a 3.8% January rise, revised from 4.5%, according to the National Association of Realtors (NAR). The sales rebound in the aftermath of the removal in 2010 [...]
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 27 2013
U.S. Pending Home Sales Are Roughly Stable at 3-Year High
by:Tom Moeller
|in:Economy in Brief
Global| Mar 27 2013
U.S. Mortgage Applications Recover As Interest Rates Level Off
The housing market remains firm. The index of total mortgage applications increased 7.7% (24.1% y/y) last week and reversed the prior week's decline, according to the Mortgage Bankers Association. Home purchase applications posted a [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 26 2013
U.S. Consumer Confidence: The Bloom Falls Off the Rose
Following its strength in 2012, consumer confidence has trended lower versus the October high. The Conference Board's March Consumer Confidence Index retreated to 59.7 following a downwardly revised February reading of 68.0. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 26 2013
U.S. New Home Sales Slip But Prices Inch Up
New home sales slipped 4.6% (+12.3% y/y) last month to 411,000 (AR). That compared to a downwardly revised gain to 431,000 sales during January. Consensus expectations had been for sales of 424,000. Sales declined m/m throughout most [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 26 2013
U.S. Case-Shiller Home Price Index Strengthens
The seasonally adjusted Case-Shiller 20 City Home Price Index increased 1.0% (8.1% y/y) during January after a 0.9% December gain. The last two monthly increases were the strongest since the spring of last year. Home prices in the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 26 2013
U.S. Durable Goods Orders Recover
Total durable goods orders during February rebounded 5.7% (3.8% y/y) following a 3.8% January decline, revised from -5.2%. A 3.7% rise had been expected. Last month's recovery was led by a 21.7% rebound (9.4% y/y) in transportation [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 25 2013
U.S. Chicago Fed National Activity Index Suggests Moderate Economic Growth
The Chicago Federal Reserve reported that its February National Activity Index (CFNAI) rose to 0.44 from a downwardly revised -0.49 in January. Smoothing out the m/m volatility, the three-month moving average deteriorated to 0.09, its [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 22 2013
U.S. Mass Layoff Events Near Cycle Low
The employment market continues to firm. The Labor Department reported that layoffs of 50 or more persons from a single firm fell to 960 during February, near the cycle's low. That comes on the heels of a 7.8% decline to 17,080 during [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 22 2013
FHFA Home Price Index Continues to Firm
The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) rose another 0.6% during January following three consecutive months of similar increase. The 6.5% y/y rise was its strongest since the middle of 2006; it [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 21 2013
U.S. Existing Home Sales & Prices Improve
The National Association of Realtors reported that sales of existing homes improved 0.8% (10.2% y/y) during February to a 4.98M annual rate. The increase followed an upwardly revised 0.8% January rise. The latest fell short of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 21 2013
Philadelphia Fed Business Activity Index Recovers
The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index rebounded during March to 2.0. That followed an unrevised sharp February decline to -12.5. Haver Analytics constructs a seasonally adjusted [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 21 2013
U.S. Leading Economic Indicators Continue To Firm
The index of Leading Economic Indicators, published by the Conference Board, increased 0.5% (2.0% y/y) during February after a revised 0.5% January increase, initially reported as 0.2%. Eighty percent of the component series had a [...]
by:Tom Moeller
|in:Economy in Brief
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