The housing market continues to improve. The Composite Housing Market Index from the National Association of Home Builders/Wells Fargo increased this month to 46 from 41 in October. The latest figure was the highest since April 2006. [...]
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 19 2012U.S. Home Builders Index Increases To Seven Year High
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 19 2012
U.S. Existing Home Sales Improve
The National Association of Realtors reported that sales of existing homes increased 2.1% during October to a 4.790M annual rate. The gain followed a downwardly revised 2.9% September decline to 4.690M, initially reported as 4.750M. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 16 2012
U.S. Industrial Output Declines Due To Sandy
Hurricane Sandy added to last month's weakness in industrial output. Industrial production fell 0.4% during October following a 0.2% September increase, last month reported as 0.4%. A 0.2% increase had been expected. Factory output [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 15 2012
Philadelphia Fed Business Activity Index Declines
The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index retraced earlier gains. It declined to -10.7 this month after rising to an unrevised 5.7 during October. The latest was the lowest level since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 15 2012
U.S. Initial Jobless Insurance Jump Following Hurricane Sandy
With the passage of Hurricane Sandy, initial claims for unemployment insurance surged. The Department of Labor indicated that gains in several states caused initial claims for unemployment insurance to jump to 439,000 in the week [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 15 2012
U.S. Consumer Prices Increase Marginally; Energy Prices Fall
Consumer price inflation eased last month. The overall consumer price index ticked up an expected 0.1% (2.2% y/y) following two successive 0.6% increases. The easing was due to a 0.2% (4.0% y/y) decline in energy prices following two [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2012
U.S. Gasoline Prices Decline Again
Gasoline prices are being helped lower by reduced seasonal pressure. Last week, the pump price for a gallon of regular gasoline fell another four cents (+0.4%) to $3.45 per gallon. Since their September peak prices have fallen 43 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2012
U.S. Business Inventory Growth Remains Steady
Business inventories rose 0.7% following a 0.6% August rise. Quickened accumulation during the last three months reflected the gains in merchant wholesalers inventories driven by a 5.5% surge (11.9% y/y) in petroleum inventories. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2012
U.S. PPI Backpedals With Lower Energy Prices
The producer price index for finished goods fell 0.2% last month. The decline followed four months of increase and contrasted with expectations for a 0.2% rise. Excluding food & energy prices also fell 0.2% versus expectations for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2012
U.S. Retail Sales Decline With Fewer Vehicle Purchases
Total retail sales fell 0.3% last month following an upwardly revised 1.3% September rise, initially reported as 1.1%. A 0.1% downtick in October sales was expected according to Action Economics. Excluding autos, retail sales also [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2012
U.S. Retail Sales Decline With Fewer Vehicle Purchases
Total retail sales fell 0.3% last month following an upwardly revised 1.3% September rise, initially reported as 1.1%. A 0.1% downtick in October sales was expected according to Action Economics. Excluding autos, retail sales also [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 13 2012
U.S. Budget Deficit Deepens
The Federal Government budget deficit deepened to $120.0B during October of FY13 versus $98.5B last fiscal year. The deeper deficit was paced by a 16.4% y/y increase in outlays which was greater than the 13.0% y/y rise in revenues. [...]
by:Tom Moeller
|in:Economy in Brief
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