Pending sales of single-family homes fell 2.6% last month and reversed the July gain, according to the National Association of Realtors (NAR). Sales have risen nearly one-third from the 2010 low. Sales drooped last month across most [...]
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 27 2012U.S. Pending Home Sales Fall Back
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 27 2012
U.S. Initial Claims for Unemployment Insurance Fall Back
Initial claims for jobless insurance fell to 359,000 during the week ended September 22 versus a revised 385,000 during the prior week. The latest was the lowest since the third week of July. The four-week moving average of initial [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 27 2012
U.S. Durable Goods Orders Plummet With Cancelled Aircraft Bookings
Durable goods orders fell by an outsized 13.2% (-6.7% y/y) last month following a lessened 3.3% advance during July. A 4.5% decline had been the Consensus forecast. Fewer orders for transportation equipment led the decline with a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 26 2012
U.S. New Home Sales Slip As Prices Rise
The new home sales market cooled off last month.New home sales in August slipped 0.3% to 373,000 from 374,000 during the prior month, revised from 372,000. The slip compared to Consensus expectations for 380,000 sales. The shortfall [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 26 2012
U.S. Mortgage Applications Rise As Interest Rates Fall to Postwar Lows
The market for home mortgages continues to heat up with interest rates touching levels not seen since the 1940s. The Mortgage Bankers Association index of total mortgage applications increased 2.8% last week (14.0% y/y) following a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 26 2012
FHFA Home Price Index Increase Lessens
The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) rose a lessened 0.2% during July following a 0.6% June increase, last month reported as 0.7%. It was the easiest of the last six consecutive monthly gains. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 25 2012
U.S. Chain Store Sales Tick Higher
Chain store sales nudged up 0.6% last week (2.9% y/y) but barely dented the prior week's 2.5% decline. For September so far sales are 1.2% below August adding to that month's 1.8% decline. During the last ten years there has been a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 25 2012
U.S. Consumer Confidence Surprisingly Recovers
The Conference Board's Consumer Confidence Index for September jumped 14.7% to 70.3 from 61.3 in August, revised up from 60.6. Consensus had been looking for a m/m decline to 63.0. The latest figure was the highest since February. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 25 2012
U.S. Gasoline & Crude Oil Prices Back Off Seasonally
Since the summer, petroleum prices have been on the rise but lately the momentum eased.The pump price of regular gasoline fell five cents last week to $3.83 per gallon. However, since fall usually brings with it less driving, prices [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 25 2012
U.S. Case-Shiller Home Price Index Is Still Rising
Housing prices are on the rise throughout the country. The seasonally adjusted Case-Shiller 20-City Home Price Index rose 0.4% (1.1% y/y) during July. That added to an unrevised 0.9% June increase. The gain in prices follows last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 24 2012
U.S. Chicago Fed Index Falls To Its Lowest Level Since The Last Recession
The recession has been revisited. The National Activity Index (CFNAI) from the Chicago Federal Reserve deteriorated to -0.87 during August from a little revised -0.12 in July. The latest reading was the lowest since June 2009, the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 21 2012
U.S. Mass Layoffs Decline
The job market continues to show signs of improvement as mass layoffs in the U.S. during August continued lower. The Labor Department reported that layoffs of 50 or more persons from a single firm fell to 1,016, the lowest level in [...]
by:Tom Moeller
|in:Economy in Brief
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