Lower interest rates are encouraging mortgage refinancings, but not so much new home purchases. The Mortgage Bankers Association reported that mortgage applications jumped last week and for May they've risen 11.5% from April. The May [...]
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| May 26 2010U.S. Mortgage Refinance Applications Surge With Lower Rates
by:Tom Moeller
|in:Economy in Brief
- Global| May 26 2010
U.S. New Home Sales Soar With Pending Tax Credit Expiration
The April end to the Federal government's $8,000 home-buyer tax credit, like in March, caused new home sales to surge. New home sales jumped 14.8% m/m to 504,000 following the upwardly revised 29.9% advance during March. The latest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 26 2010
U.S. Durable Goods Orders Soar With Aircraft
No category of factory orders can influence the Commerce Dept's monthly figures more than commercial aircraft. This has never been more evident than in recent months. During April, overall durable goods orders jumped 2.9%, while [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 26 2010
U.S. Durable Goods Orders SoarWith Aircraft
No category of factory orders can influence the Commerce Dept's monthly figures more than commercial aircraft. This has never been more evident than in recent months. During April, overall durable goods orders jumped 2.9%, while [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 25 2010
U.S. Consumer Confidence Improves To Highest Since 2008
The Conference Board indicated that consumer confidence was unshaken in early May by U.S. stock market declines nor by European market turmoil. Their consumer confidence index rose 9.7% m/m to 63.3, its highest level since March 2008. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 25 2010
U.S. Gasoline Prices Fall To Lowest Since March
The coming summer driving season hasn't helped U.S. gasoline prices as they've dipped from recent highs. Petroleum prices generally weakened with evidence that forward economic momentum, globally, has lost steam. Those worries lowered [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 25 2010
Case-Shiller Home Price Index Improves Y/Y But Momentum Eases
The recent improvement in home sales has not enhanced pricing power by much, but at least it's ended earlier declines. Seasonally adjusted, the Case-Shiller Home Price Index slipped just marginally from February. That capped a 3.7% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 25 2010
Case-Shiller Home Price IndexImproves Y/Y But Momentum Eases
The recent improvement in home sales has not enhanced pricing power by much, but at least it's ended earlier declines. Seasonally adjusted, the Case-Shiller Home Price Index slipped just marginally from February. That capped a 3.7% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 24 2010
U.S. Existing Home Sales Improve With Tax Credit Expiration
Hopefully, recent improvement in existing single-family home sales wasn't all due to buying ahead of the April 30th expiration of a Federal home-buyer tax credit. Existing home sales rose 7.6% last month to 5.770M (AR) according to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 24 2010
Chicago Fed Index Improves To Highest Since 2006
Economic growth continued to improve last month. The Chicago Fed indicated that its National Activity Index (CFNAI) rose to 0.29 from an upwardly revised March level. The increase was to the highest level since 2006 and added to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 24 2010
National Association For Business Economics Expects Positive Growth, Low Inflation & Higher Interest Rates
The National Association For Business Economics (NABE) indicated in its latest survey of 46 economists that economic growth would continue this year and next at a 3.2% rate. Though that expectation is slightly higher than the 3.1% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 24 2010
National Association For BusinessEconomics Expects Positive Growth, Low Inflation & Higher Interest Rates
The National Association For Business Economics (NABE) indicated in its latest survey of 46 economists that economic growth would continue this year and next at a 3.2% rate. Though that expectation is slightly higher than the 3.1% [...]
by:Tom Moeller
|in:Economy in Brief
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