New home buyers were hesitant to commit last month. New home sales in October slipped 0.3% to 368,000 (SAAR) from 369,000 during September, revised from 389,000. The figure fell short of Consensus expectations for 388,000 sales. Home [...]
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| Nov 28 2012U.S. New Home Sales Are Depressed
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 28 2012
U.S. Mortgage Applications Fall With Fewer Refinancings
The Mortgage Bankers Association index of total mortgage applications slipped 0.9% last week (+45.5% y/y). The decline was led by a 1.5% drop (+61.4% y/y) in applications to refinance an existing loan. Home purchase applications [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 27 2012
FHFA Home Price Index Keeps Improving
The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) rose 0.2% during September following a 0.5% August rise. The 4.4% y/y increase was its strongest since 2006, and followed four successive years of price [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 27 2012
U.S. Consumer Confidence Moves Higher
The Conference Board's Consumer Confidence Index for November rose slightly to 73.7 from 73.1 in October, revised from 72.2. Consensus expectations had been 73.2 for this month. The latest figure was the highest since February 2008. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 27 2012
U.S. Case-Shiller Home Price Index Y/Y Momentum Picks Up
Not only are housing prices rising, but the rate of increase is firming. The seasonally adjusted Case-Shiller 20 City Home Price Index rose 0.4% (3.0% y/y) during September, the same as in August. The y/y gain of 3.0% was the fastest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 27 2012
U.S. Gasoline Prices Stabilize But Demand Surges
Last week the pump price for a gallon of regular gasoline inched up one cent (3.9%) to $3.44 per gallon. Since their September peak prices have fallen 44 cents per gallon. The w/w price increase ran counter to the norm for this time [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 27 2012
U.S. Durable Goods Orders Are Flat
Durable goods orders were unchanged (2.3% y/y) last month after a 9.2% recovery during September. The figure contrasted with Consensus expectations for a 1.0% decline. Fewer orders for transportation equipment accounted for much of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 27 2012
U.S. Consumer Confidence Moves Higher
The Conference Board's Consumer Confidence Index for November rose slightly to 73.7 from 73.1 in October, revised from 72.2. Consensus expectations had been 73.2 for this month. The latest figure was the highest since February 2008. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 26 2012
U.S. Chicago Fed Index Drops Sharply
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) for October dropped sharply to -0.56 from an unrevised 0.00 during September. The three-month moving average also fell to -0.56, its lowest since October [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 21 2012
U.S. Leading Indicators Improve Further
The Leading Economic Indicator index from the Conference Board increased 0.2% during October following a 0.5% September gain, initially estimated at 0.6%. Fifty percent of the component series had a positive influence on the index [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 21 2012
U.S. Initial Unemployment Insurance Claims Pull Back Somewhat
Initial claims for jobless insurance fell last week, but remained elevated after Hurricane Sandy. Claims fell during the week ended November 17 to 410,000 from 451,000 during the prior period, initially reported as 439,000. The four [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 20 2012
U.S. Chain Store Sales Remain Lackluster
The data on U.S. chain store sales just don't show upward momentum entering the holiday season. Sales slipped 0.3% last week and left the November average 3.5% below last July. During the last ten years there has been a 72% [...]
by:Tom Moeller
|in:Economy in Brief
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