There's certainly no strength in the housing sector, but the latest several months' data at least show stability. Housing starts last month ticked up 0.3% to 610,000 (AR) from an upwardly revised August level. The latest was the [...]
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 19 2010U.S. Housing Starts Nudge Higher To Five-Month High; Permits Weaken
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 18 2010
U.S. Housing Sector Improves This Month Says Home Builders Association
Is this the beginning of a real turnaround in housing? Time will tell if low interest rates are finally having an effect. But for this month, the National Association of Home Builders reported that their index of housing market [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 18 2010
U.S. Industrial Production is Unexpectedly Weak
Momentum previously evident in industrial output growth has been lost. That's again the message from the report on production which fell last month. The decline compared to an expected 0.2% gain, and reversed an unrevised 0.2% August [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 15 2010
Empire State Business Conditions Improve As Employment Picks Up
The Federal Reserve Bank of New York reported that its October Empire State Factory Index of General Business Conditions improved to 15.73 which was the highest level since June. The figure suggests positive growth in factory sector [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 15 2010
CPI Ticks Higher For Month And Decelerates Y/Y
Pricing is stuck in the moderate demand and abundant supply environment of the U.S. economy. Consumer prices rose 0.1% last month and failed to meet expectations for a 0.2% rise. The weakness of the increase lowered the y/y change to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 15 2010
U.S. Retail Spending Increases For Third Month, But Gains Are Moderate
The good news is that consumers are spending, but the bad news is that their wallets are hardly open wide. Retail spending rose last month by 0.6% after an upwardly revised 0.7% August increase. The last was slightly higher than [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 14 2010
U.S. Weekly Initial Claims For Jobless Insurance Increase But Trend Sideways
The labor market is showing halting improvement. Last week, initial claims for unemployment insurance rose 13,000 to 462,000 after a 7,000 decline (revised from -11,000) during the prior week. Since February, the level of claims has [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 14 2010
U.S. August Trade Deficit Reverses Part Of Its Earlier Improvement
The August U.S. foreign trade deficit deteriorated to $46.3B following July's improvement to a little-revised $42.6B. Nevertheless, the Q3 deficits stand to roughly equal those of Q2 and, as a result, exert little drag on GDP growth. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 14 2010
U.S. PPI Jumps With Higher Food Prices; Core Prices Remain Tame
The U.S. Producer Price Index for finished goods again turned in a strong performance last month. The 0.4% increase repeated its August gain and left the y/y comparison at 4.0%, about where it's been this all year. The monthly rise [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 13 2010
Chain Store Sales Remain Lackluster
Consumers just aren't in a buying mood. Last week, chain store sales recovered the prior week's decline and that sideways movement emphasizes the sales weakness since July. Since then sales have fallen 2.3%. During the last ten years [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 13 2010
Mortgage Applications Surge Spurred By Higher Refinancings
The Mortgage Bankers Association reported that mortgage applications surged by 14.6% last week to the highest level since May 2009. Last week's total increase was led by a 21.0% w/w jump in applications to refinance a mortgage. They [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 13 2010
Import Prices Fall With Decline In Oil Prices
A back-slide in oil prices lowered U.S. import prices during September. The 0.3% overall decline reversed half of the 0.6% August increase and left prices up 3.5% y/y. Consensus expectations had been for a 0.2% decline during last [...]
by:Tom Moeller
|in:Economy in Brief
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