The housing market continues to generate only modest forward momentum. Consistent with last week's report of higher sales of existing single-family homes, total new home sales in March rose 25.9% to 300,000 (AR). That, however, just [...]
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| Apr 25 2011U.S. New Home Sales Post A Limp Rebound
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 21 2011
Philadelphia Fed Business Activity Index Falls Sharply
The rate of improvement in economic conditions fell sharply this month according to the Philadelphia Federal Reserve Bank's index of regional factory sector activity. The figure dropped to 18.5 from an unrevised 43.4 in March. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 21 2011
U.S. Leading Economic Indicators Rise Again
The Conference Board reported that its Index of Leading Economic Indicators rose 0.4% in March after an upwardly revised February gain of 1.0%, originally reported at 0.8%. Consensus expectations were for a 0.3% increase during last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 21 2011
U.S. Initial Unemployment Insurance Claims Fall
Initial claims for jobless insurance fell last week to 403,000 from 416,00 during the week prior, initially reported as 412,000. The latest figure exceeded Consensus expectations for 395,000 claims and remained near the highest in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 20 2011
U.S. Mortgage Applications Rise
Some improvement in the housing market is apparent in the mortgage applications data. The Mortgage Bankers Association reported that overall mortgage applications rose 5.3% last week for the first gain in four weeks. Applications to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 20 2011
U.S. Existing Home Sales Improve Somewhat
The National Association of Realtors reported that sales of existing homes rose during March to 5.100M (AR) from a February level of 4.920M, revised from 4.880M. The last was slightly higher than Consensus expectations for 5.00M sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 19 2011
U.S. Chain Store Sales Reach Another Record
April has been a strong month for retail sales. Last week, chain stores alone recorded a 0.3% w/w increase to another record high. For the month so far sales have risen 2.6% from March after that month's 3.0% increase. During the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 19 2011
U.S. Gasoline Prices Strengthen Even More
No need to tell drivers that it's more expensive to hit the road. Last week, the pump price for regular gasoline rose another nickel to $3.84 per gallon, the highest level since August, 2008. The gain has been from the December low [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 19 2011
U.S. Housing Starts Recover Modestly
It was a rough winter for the housing sector. The latest indication is the only moderate 7.2% m/m rebound in seasonally-adjusted housing starts last month following a 18.5% February plunge. The rise brought the level to 549,000 (AR) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 18 2011
U.S. Home Builders Association Index Remains Low
Spring has done nothing to lift activity in the housing market. The National Association of Home Builders reported that its April index of housing market activity slipped back to 16 from an unrevised 17 in March. Though the latest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 15 2011
Empire State Factory Index Reaches Twelve-Month High
The Federal Reserve Bank of New York reported that its Empire State Factory Index of General Business Conditions rose to 21.70, its highest level since April of last year. The figure beat Consensus expectations for a stable reading of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 15 2011
U.S. Factory Sector Improvement Continues
U.S. industrial production jumped 0.9% in March following a revised no-change in February, initially reported as -0.1%. The latest increase roughly matched Consensus expectations for a 0.8% gain according to Action Economics. Improved [...]
by:Tom Moeller
|in:Economy in Brief
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