The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) rose 0.8% during May following a 0.7% April increase. It was the fourth consecutive monthly gain and lifted the y/y increase to 3.7%. That gain followed [...]
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| Jul 24 2012FHFA Home Price Index Improves Again
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 24 2012
U.S. Chain Store Sales Continue Recovering
Consumers' inclination to spend remained in place last week. Chain store sales rose 1.0% w/w (3.3% y/y) and are 3.6% higher than in June. During the last ten years there has been a 72% correlation between the y/y change in chain store [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 24 2012
U.S. Energy Prices Rise Further
The pump price of regular gasoline rose another six cents last week to $3.49 per gallon. Since the low three weeks ago prices have risen 14 cents (4.1%). Haver Analytics' seasonally-adjusted price for regular rose eight cents to $3.28 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 23 2012
U.S. Chicago Fed Index Improves Moderately
The National Activity Index (CFNAI) from the Chicago Federal Reserve improved to -0.15 from a revised -0.48 in May, reported as -0.45 last month. The three-month moving rose to -0.20 but remained near its lowest reading since June of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 20 2012
U.S. Mass Layoffs Continue Lower
Mass layoffs in the U.S. during June continued lower. The Labor Department reported this morning that layoffs of 50 or more persons from a single firm slipped by a seasonally adjusted 4.6% (-13.0% y/y) to 1,317 following a 0.6% May [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 19 2012
U.S. Existing Home Sales Weaken As Prices Firm
Sales of existing homes fell 5.4% last month to a 4.370 annual rate (4.5% y/y) from an upwardly revised 4.620M during May. Sales of existing single-family homes alone fell 5.1% to 3.900M, up 4.8% y/y. (These data have a longer history [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 19 2012
Philadelphia Fed Activity Index Remains Weak
The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index ticked up to -12.9 after an unrevised sharp decline last month to -16.6. The figure was the third consecutive monthly negative reading and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 19 2012
U.S. Leading Indicators Waffle
It's been hard to find a solid indication of the economy's future, and one of the better series has been waffling. The Leading Economic Indicator index from the Conference Board fell 0.3% last month following a 0.4% May rise, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 19 2012
U.S. Initial Jobless Insurance Claims Rebound
Last week's indication of labor market improvement was a false reading.Initial claims for unemployment insurance jumped to 386,000 during the week ended July 14th from a much-lower 352,000 during the prior week, revised from 350,000. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 18 2012
U.S. Mortgage Applications Rise As Rates Plumb New Lows
Lower interest rates can still stimulate activity in the mortgage market. The Mortgage Bankers Association index of total mortgage applications jumped 16.9% (68.2% y/y) last week, nearly reaching this cycle's high. Applications to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 18 2012
U.S. Housing Starts Recover To Expansion High
The housing market continues to respond to low interest rates, however slowly. June housing starts rose 6.9% to 760,000 (23.6% y/y) from 711,000 in May, revised from 708,000. The latest level was the highest of the economic recovery, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 17 2012
U.S. Home Builders Index Buoyed By Heavy Traffic
The National Association of Home Builders/Wells Fargo reported that its Composite Housing Market Index jumped this month to 35 from an unrevised 29 in June. The latest figure was the highest since March 2007. More individuals are out [...]
by:Tom Moeller
|in:Economy in Brief
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