The index of total mortgage applications increased 12.8% last week to 650.4 (March 16, 1990 = 100). While the rise reversed most of the prior week's decline, the most recent trend in applications still was down. 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| Dec 07 2011U.S. Mortgage Applications Bounce Back
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 06 2011
U.S. Chain Store Sales Ease
Following a strong November, chain store sales fell 2.3% last week (+3.8% y/y) and were 1.4% below the November average. During the last ten years there has been a 66% correlation between the y/y change in chain store sales and the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 06 2011
U.S. Gasoline Price Slips As Crude Oil Gains
The pump price for regular gasoline fell another two cents last week to $3.29 per gallon. Prices were the lowest since February when they averaged $3.21. Retail prices usually start to ease this time of year with reduced seasonal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 05 2011
U.S. Factory Orders Fall Again but Shipments Improve
Manufacturing orders fell 0.4% during October following a 0.1% September slip, revised from the 0.3% rise reported last month. The latest decline roughly matched Consensus expectations. For durable goods only, orders fell 0.5% and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 05 2011
U.S. ISM Nonmanufacturing Index Suggests Malaise
Activity in the service sector continued under pressure last month. The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) slipped to 52.0 in November versus an unrevised 52.9 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 02 2011
U.S. Nonfarm Payrolls Grow Moderately As Jobless Rate Falls
The labor market continued its moderate improvement during November. Nonfarm payrolls grew 120,000 and the prior two months were revised up. Consensus expectations had been for a 125,000 increase in jobs last month. Despite the gains, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2011
U.S. Construction Spending Improves Further
Construction spending during October rose 0.8%, about as expected, after an unrevised 0.2% September uptick. Private sector spending led last month's gain with a 2.3% jump. Residential building rose 3.4% led by a 6.7% jump (1.7% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2011
U.S. ISM Factory Index Improves
Manufacturing activity seems to be gaining a firmer footing. The Institute for Supply Management reported that its November Composite Index of factory sector activity rose to 52.7, its highest since June, from an unrevised 50.8 in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2011
U.S. Initial Unemployment Insurance Claims Move Higher
Initial claims for jobless insurance rose last week to 402,000 from 396,000 (revised from 393,000) during the week prior. Expectations had been for 390,000 in the Action Economics survey. The 4-week moving average of claims held [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2011
U.S. Pending Home Sales Recover Sharply
The National Association of Realtors (NAR) reported that pending sales of existing single-family homes jumped 10.4% last month to the highest level since November 2010. The sharp rise in sales reflected m/m strength across the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2011
U.S. Mortgage Applications Drop Precipitously From Early-Month High
Let's talk about a reversal. The index of total mortgage applications fell 11.7% last week to 576.4 (March 16, 1990 = 100). Its was the third consecutive weekly decline and reversed all of the gains since late-July. Since early this [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2011
Challenger Reports Few Job Cuts
The outplacement firm of Challenger, Grey & Christmas reported that job cut announcements during November remained low at 42,474, roughly the same as October's 42,759. The latest figure was the lowest since June. The low level of [...]
by:Tom Moeller
|in:Economy in Brief
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