The National Association of Realtors reported a further loss of strength in the housing market. Sales of existing homes during June slipped 0.8% to 4.770M from an unrevised 4.810M in May. The latest was weaker than Consensus [...]
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 20 2011U.S. Existing Home Sales Decline Again
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 20 2011
Lower U.S. Interest Rates Generate Mortgage Refinancing
Overall mortgage applications jumped 15.5% last week. The gain followed four weeks of decline. Remaining strong were applications to refinance which jumped nearly one-quarter w/w, also after four weeks of decline. Working the other [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 19 2011
U.S. Chain Store Sales Trend To A Record High
Chain store sales rose 0.4% last week for the fourth consecutive weekly gain. The increase pulled sales to a record high and up 3.5% so far in July versus June. During the last ten years there has been a 66% correlation between the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 19 2011
U.S. Gasoline Prices Again Move Up
Good news often doesn't last forever. Reversing earlier declines, the pump price for regular gasoline rose four cents last week to $3.68 per gallon, its highest in a month. Nevertheless, prices remained down twenty eight cents since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 19 2011
U.S. Housing Starts Jump M/M But Trend Sideways
New residential building activity just can't break out to the upside. Housing starts rose 14.6% last month to 629,000 (AR) following a downwardly revised no change in May. Despite the increase, however, the lift only made up for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 18 2011
NABE Survey of Economic Trends Shows Demand Growing, Prices Rising But Profits Weakening
The National Association For Business Economics (NABE) today released its latest Industry Survey. It paints a picture of continued recovery in the U.S. economy. First, though the unit demand figure for Q2 slipped versus Q1, the level [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 18 2011
U.S. Home Builders Association Index Ticks Higher
The National Association of Home Builders reported that its July index of housing market activity inched up to 15 versus an unrevised 13 in June. Though the latest figure remained above the all-time low of 8 reached in January of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 15 2011
Empire State Factory Index Is Less Negative
The Federal Reserve Bank of New York reported that its Empire State Factory Index of General Business Conditions improved to -3.76. The figure again indicated negative growth in overall conditions but an easing of the rate decline. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 15 2011
U.S. Industrial Activity Gain Is Moderate
Following two months of slight decline, U.S. industrial production rose all of 0.2% last month. Earlier months' figures were revised down slightly. The latest figure was weaker than Consensus expectations for a 0.3% gain according to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 15 2011
U.S. CPI Declines; Core Increase Is Stable M/M But Trend Increases
The inflation picture brightened slightly last month. The overall CPI declined 0.2%, the first decline in twelve months. The drop compared to Consensus expectations for a 0.1% slip. On a three-month basis prices rose at a moderated [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 14 2011
U.S. Business Inventory Accumulation Continues As I/S Ratio Ticks Up
The U.S. Commerce Department reported that business inventories rose 1.0% in May after a revised 1.0% April increase, originally reported as 0.8%. Quicker inventory accumulation raised the inventory-to-sales ratio to 1.28, up from the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 14 2011
U.S. Claims for Unemployment Decline
Initial claims for jobless insurance fell last week to 405,000 versus a revised 427,000 during the week prior, initially reported as 418,000. The Labor Department indicated that the latest figure reflected 11,500 claims due to the [...]
by:Tom Moeller
|in:Economy in Brief
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