The National Association of Realtors (NAR) reported that pending sales of existing single-family homes fell again during June. The 2.6% m/m drop left them down roughly one-third versus April. Home buying activity still seems to be [...]
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| Aug 03 2010U.S. Pending Home Sales Slip Versus May and Slide Versus April
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 03 2010
U.S. Personal Income & Spending Are Stable But Revisions Raise Savings
A soft labor market continued last month to exact its toll on income growth. Personal income during June was unchanged after a downwardly revised 0.3% May gain. A 0.2% increase had been expected. Revisions to the last three years' [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 02 2010
U.S. Construction Activity Inched Up During June
Construction activity just can't develop forward momentum. Overall, the value of construction-put-in-place inched up just 0.1% during June following a 1.0% May decline that was deeper than initially reported. The June slip was in line [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 02 2010
U.S. ISM Index Is Lowest Since April
The loss of forward momentum behind the factory sector's recovery is clear, though activity still is expanding. The July Composite Index from the Institute for Supply Management fell to 55.2 from 56.2 in June. The latest figure was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 30 2010
U.S. Consumer Sentiment Falls Sharply from June
Consumers remain glum. The full-month July reading of consumer sentiment, as measured by the University of Michigan, dropped sharply from June to 67.8, though that was up slightly from the mid-month reading. The latest was the lowest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 30 2010
U.S. Employment Cost Index Gains Moderate As Benefits Ease
The employment cost index for private industry workers gave back some its recent improvement with a 0.5% gain last quarter. Nevertheless, the increase remained improved from the 0.2% low early last year. (The series dates back to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 30 2010
U.S. GDP Growth in Q2 Is Slightly Lower Than Expectations
It's been a disappointing tale for the reports of U.S. real GDP growth since the current recovery began. The advance figure for 2Q showed growth of 2.4%, which was slightly below expectations for 2.7%. It was the fourth straight [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 30 2010
U.S. GDP Growth in Q2 Is Slightly Lower Than Expectations
It's been a disappointing tale for the reports of U.S. real GDP growth since the current recovery began. The advance figure for 2Q showed growth of 2.4%, which was slightly below expectations for 2.7%. It was the fourth straight [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 29 2010
U.S. Weekly Initial Claims for Unemployment Insurance Slip
It was another humdrum indication of an uninspiring labor market. Initial claims for jobless insurance ticked lower last week to 457,000 from 468,000 the prior week, revised from 464,000. The four-week moving average of initial claims [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 28 2010
U.S. Mortgage Applications Slip Overall But Purchase Apps Improve
The Mortgage Bankers Association reported that mortgage applications fell 4.4% last week and reversed roughly half of the prior week's gain. Nevertheless, for July overall applications rose 15.0% from June and by nearly one-half from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 28 2010
U.S. Durable Goods Orders Decline Unexpectedly
For June, weakness in durable goods orders was widespread. The advance figures from the Commerce Department indicated a 1.0% decline in orders overall, similar to May's 0.8% drop which was slightly shallower than reported initially. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2010
U.S. Consumer Confidence Lowest Since February
The Conference Board indicated that consumer confidence continued its recent decline this month. Their consumer confidence index fell 7.2% m/m to 50.4 following a 13.4% June decline that was slightly less than reported initially. The [...]
by:Tom Moeller
|in:Economy in Brief
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