The index of total mortgage applications slipped 5.0% last week to 663.1 (March 16, 1990 = 100). The decline followed the prior week's nearly one-quarter jump. As borrowers took advantage of low interest rates, applications to [...]
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| Jan 25 2012U.S. Mortgage Applications For Refinancing Remain High
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 24 2012
U.S. Richmond Fed Index Improves
The Federal Reserve Bank of Richmond reported that its Composite Index of Manufacturing Sector Activity improved during January to 12 from 3 in December. The latest was the highest level since March but compared unfavorably to the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 24 2012
U.S. Chain Store Sales Continue Their Post-Holiday Skid
After Christmas, shoppers seem to have turned less jolly. Chain store sales fell 1.4% last week (+2.8% y/y). The decline pulled the January average 3.1% below December when sales rose 1.1%. During the last ten years there has been a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 24 2012
U.S. Natural Gas Price Plumbs A New Low; Petroleum Prices Roughly Stable
Natural gas prices are continuing their recent slide. Warm temperatures, firm production and abundant inventories have lowered prices to their lowest since February, 2002. Last week's price of $2.40 per mmbtu was down nearly one-half [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 24 2012
U.S. Natural Gas Price Plumbs A New Low; Petroleum Prices Roughly Stable
Natural gas prices are continuing their recent slide. Warm temperatures, firm production and abundant inventories have lowered prices to their lowest since February, 2002. Last week's price of $2.40 per mmbtu was down nearly one-half [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 20 2012
U.S. Existing Home Sales Surge Again As Prices Rise
The National Association of Realtors reported that December sales of existing homes jumped 5.0% to 4.610M (AR, 3.6% y/y) following a downwardly revised 3.3% November gain. The latest was the highest since last January. For all of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 19 2012
Philadelphia Fed Business Activity Index Increases
The Philadelphia Federal Reserve Bank's General Business Conditions Index improved in January and continued to indicate expansion. The Index of General Business Conditions rose to 7.3 from 6.8 in December. The data for 2011 was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 19 2012
U.S. Initial Claims For Unemployment Insurance Fall To Lowest Since 2008
Improvement in the labor market appears back on track. Initial claims for unemployment insurance fell to 352,000 last week from 402,000 the week earlier (revised from 399,000). The latest figure was the lowest reading since April, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 19 2012
U.S. Housing Starts Slip M/M But Rise Y/Y
Full-year 2011 was moderately improved for new home building, but was not great. In December only, the level of housing starts overall fell to 657,000 (AR) from an unrevised 685,000 in November. The latest fell short of expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 19 2012
U.S. CPI Is Again Unchanged M/M But Accelerates Y/Y
There was a pickup in inflation last year, but the very latest figures show the pressure easing. The December Consumer Price Index was unchanged following a marginal November decline. The latest compared to expectations for a 0.1% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 18 2012
U.S. Gasoline Price Ticks Up But Crude Oil Slips
The pump price for regular gasoline rose one penny last week to $3.39 per gallon, adding to the prior week's eight cent gain. Retail prices usually decline this time of year with reduced seasonal demand. To account for this pattern, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 18 2012
U.S. Home Builders' Index Jumps To Highest Since 2007
The housing sector is convincingly on the mend according to the latest National Association of Home Builders/Wells Fargo report on housing market activity. The Composite Housing Market Index for January rose another four points to 25, [...]
by:Tom Moeller
|in:Economy in Brief
- of1069Go to 574 page