New home sales increased 1.5% (18.5% y/y) last month to 417,000 (AR) from an unrevised 411,000 during February. The rise roughly matched Consensus expectations for sales of 420,000. Sales were mixed m/m throughout the country. New [...]
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| Apr 23 2013U.S. New Home Sales Advance As Prices Fall Back
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 23 2013
U.S. Gasoline Price Decline Stabilizes; Natural Gas Surge Continues
The price of regular gasoline held last week at $3.54 per gallon (-8.6% y/y). That followed eight weeks of decline from a $3.78 per gallon peak. The norm for this time of year, as driving picks up seasonally, is for prices to begin [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 22 2013
U.S. Existing Home Sales Slip but Prices Improve
The National Association of Realtors reported that March sales of existing homes fell 0.6% (+10.3% y/y) to a 4.920M annual rate. The increase followed a downwardly revised 0.2% February uptick. The latest fell short of Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 22 2013
U.S. Chicago Fed National Activity Index Indicates Growth Moderation
The Chicago Federal Reserve reported that its March National Activity Index (CFNAI) backpedaled to -0.23 from an upwardly revised 0.76 in February. The three-month moving average pulled back to -0.01, its lowest reading since October. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 19 2013
State Labor Market Conditions Are All Over The U.S. Map
Depending on where you live in the U.S., the unemployment rate may vary greatly from the country's 7.6% average. Suffering the greatest degree of unemployment is the Pacific region where jobless rates average 8.8%. California averages [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 18 2013
U.S. Leading Economic Indicators Slip
The index of Leading Economic Indicators, published by the Conference Board, ticked 0.1% lower (+1.7% y/y) during March following unrevised 0.5% increases during the prior two months. One-half of the component series had a positive [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 18 2013
U.S. Initial Claims for Unemployment Insurance Nudge Up
Initial claims for unemployment insurance rose to 352,000 (-9.0% y/y) during the week ended April 13 from a revised 348,000 during the prior week, initially reported as 346,000. Consensus expectations were for 345,000 claims. The four [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 17 2013
U.S. Mortgage Applications For Refinancing & Purchase Rise
The index of total mortgage applications from the Mortgage Banker Association increased 4.8% (19.4% y/y) last week. The rise was led by a 5.2% gain (19.0% y/y) in applications to refinance an existing loan. Home purchase mortgage [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 17 2013
FIBER: Industrial Commodity Prices Weaken
Commodity prices are quite sensitive to changes in the economic environment, and the latest signals suggest softening forward momentum. Yesterday's industrial commodity price index, from the Foundation for International Business and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 16 2013
U.S. Industrial Production Gain Supported by Utility Output
Industrial production rose 0.4% during March following a 1.1% February increase, earlier reported as a 0.7% rise. A 0.2% gain had been expected in the Action Economics survey. The gain in overall output reflected a 5.4% rise (10.4% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 16 2013
U.S. Housing Starts Gain Reflects Firmer Multi-family Sector
Total housing starts jumped to 1,036M (AR) last month from 968,000 in February, initially reported as 917,000. Expectations had been for 930,000 starts in the Action Economics survey of economists. It was the highest level since June [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 16 2013
U.S. CPI Falls As Energy Prices Move Lower
The consumer price index fell 0.2% (+1.5% y/y) during March and partially reversed February's 0.7% rise. Expectations were for no change in the index. Prices excluding food and energy ticked up 0.1% (1.9% y/y), weaker than the [...]
by:Tom Moeller
|in:Economy in Brief
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