Volatility has been great in the monthly construction put-in-place figures, but there has been some trend improvement. During August, activity rose 1.4% after a little-revised 1.4% July decline. The monthly rise lifted activity 4.8% [...]
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| Oct 03 2011U.S. Construction Spending Jumps
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 30 2011
U.S. Consumer Sentiment Recovers A Bit Further
The University of Michigan's Index of Consumer Sentiment for all of September rose to 59.4. That's versus its mid-September reading of 57.8 and versus August of 55.7. Regardless, that gain still left the Q3 average down sharply at [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 30 2011
U.S. Personal Income Falls
A one-month decline and a trend slowdown characterize the recent behavior of personal income. It fell 0.1% during August following a revised 0.1% July uptick, initially reported as 0.3%. A 0.1% gain was expected. Disposable income [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 29 2011
U.S. GDP Growth Revised Back Up
Real GDP growth was revised back up to 1.3% (SAAR) from the 1.0% reported a month ago. The change was powered by a higher estimate of growth in domestic final sales. Consensus estimates had called for GDP growth of 1.2%. The upward [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 29 2011
U.S. Pending Home Sales Slip
The National Association of Realtors (NAR) reported that pending sales of existing single-family homes fell 1.2% last month and repeated the July drop that was unrevised. Sales remained slightly higher than the Q2 average but remained [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 29 2011
U.S. Initial Unemployment Insurance Claims Are Lowest Since April
The job market may be on the mend.Initial claims for jobless insurance dropped a sharp 37,000 to 391,000,000 last week from 428,000 (revised from 423,000). The latest figure was the lowest since the first week of April and was far [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 28 2011
U.S. Chain Store Sales Slip Further
In a another sign of a consumer that is hesitant to consume, chain store sales continue lethargic. Last week, they slipped 0.2% (+2.7% y/y) and added to the prior period's 1.2% drop. So far in September sales are down 1.2% from August [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 28 2011
U.S. Mortgage Applications Jump With Refinancing
Low interest rates continue to generate strength in the mortgage loan market. The total index of mortgage applications jumped 9.3% last week to 767.9 (March 16, 1990 = 100). That followed a 10.0% rise during the prior week which was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 28 2011
U.S. Durable Goods Orders Are Flat
New orders for durable goods slipped an expected 0.1% last month following a little-revised 4.1% jump during July. Last month's figure reflected strong crosscurrents amongst the components, certainly in the transportation sector where [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 27 2011
U.S. Consumer Confidence Is Stable M/M But Still Low
The Conference Board's September Index of Consumer Confidence showed stability following the harrowing August decline. The index actually ticked up slightly m/m to 45.4 following the nearly one-quarter August downdraft, which was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 27 2011
U.S. Case-Shiller Home Price Index Remains Unchanged
The seasonally adjusted Case-Shiller 20-City Home Price Index remained unchanged during July for the third straight month, June was revised up from a 0.1% slip reported earlier. Despite their recent stability, prices during the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 27 2011
U.S. Gasoline Prices Move To Their Lowest Since February
Slacked demand and lower crude oil prices helped lower retail gasoline prices last week to their least since late-February. The pump price for a gallon of regular gasoline fell another nine cents to $3.51. Prices were down forty-five [...]
by:Tom Moeller
|in:Economy in Brief
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