- Sales fall after three months of strong increase.
- Regional sales patterns are mixed.
- Median sales price retraces much of May’s increase.
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
USA| Jul 26 2023U.S. New Home Sales Decline & Prices Slip in June
by:Tom Moeller
|in:Economy in Brief
USA| Jul 26 2023U.S. Mortgage Applications Fall as Interest Rates Steady
- Purchase applications decline and loan refinancing slips.
- Effective interest rate is little-changed w/w.
- Average loan size rebounds.
by:Tom Moeller
|in:Economy in Brief
USA| Jul 25 2023U.S. Consumer Confidence Strengthens in July to Two-Year High
- Present situation index strengthens to roughly three-year high.
- Expectations index improves by one-third y/y.
- Inflation expectations continue to decline.
by:Tom Moeller
|in:Economy in Brief
USA| Jul 25 2023U.S. Gasoline & Crude Oil Prices Rise
- Gasoline prices continue to increase.
- Crude oil prices improve to highest level since late-April.
- Natural gas prices are little changed.
by:Tom Moeller
|in:Economy in Brief
USA| Jul 24 2023Chicago Fed National Activity Index Slips During June
- Three of four component series are negative.
- Production falls sharply.
- Three-month average has been negative since November.
by:Tom Moeller
|in:Economy in Brief
- Crude oil prices rise.
- Lumber prices increase.
- Metals price decline led by copper scrap.
by:Tom Moeller
|in:Economy in Brief
USA| Jul 20 2023U.S. Existing Home Sales Decline Sharply in June
• Sales fall to five-month low. • Purchases are mixed throughout country. • Home prices continue to strengthen.
by:Tom Moeller
|in:Economy in Brief
USA| Jul 20 2023Philadelphia Fed Manufacturing Index Is Little Changed in July; Expectations Improve
- New orders, shipments & employment falter but workweek & order backlogs rise.
- Prices paid weaken; prices received surge.
- Expectations improve to two-year high.
by:Tom Moeller
|in:Economy in Brief
USA| Jul 19 2023U.S. Housing Starts & Building Permits Decline in June
- Both single-family & multi-family starts reverse earlier gain.
- Declines spread throughout country.
- Drop in building permits reflects multi-family plunge.
by:Tom Moeller
|in:Economy in Brief
USA| Jul 19 2023U.S. Mortgage Applications Increase as Interest Rates Decline
- Purchase applications decline while loan refinancing increases.
- Effective interest rates reverse prior week’s increase.
- Average loan size declines.
by:Tom Moeller
|in:Economy in Brief
USA| Jul 18 2023U.S. Retail Sales Gain Eases in June
- Gasoline & building material sales decline.
- Sale of core goods strengthen.
- Online retail sales surge.
by:Tom Moeller
|in:Economy in Brief
USA| Jul 18 2023U.S. Home Builders Index Increases in July
- Activity increases in each month this year.
- Buyer traffic continues to rise.
- Regional performance remains mixed.
by:Tom Moeller
|in:Economy in Brief
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