Last month, sales of new single-family homes fell to their lowest level in the series' history which dates back to 1963. The 14.7% m/m December decline to 331,000 followed a downwardly revised November. December-to-December, new home [...]
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| Jan 29 2009December U.S. New Home Sales Lowest Since 1963
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 29 2009
U.S. Durable Goods Orders Slumped Further
The factory sector continued to be hard hit by recession last month. New orders for durable goods fell during December for the fourth month in the last five. The 2.6% drop followed declines of 3.7% in November and 8.5% during October. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 29 2009
U.S. Weekly Continuing Claims For Jobless Insurance At Record High
The labor market remained under pressure last week as indicated by another rise in continuing claims for unemployment insurance. During the week of January 17 they rose 159,000 and that followed an upwardly revised 102,000 increase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 29 2009
U.S. Durable Goods Orders Slumped Further
The factory sector continued to be hard hit by recession last month. New orders for durable goods fell during December for the fourth month in the last five. The 2.6% drop followed declines of 3.7% in November and 8.5% during October. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 28 2009
FOMC Leaves Rates Unchanged
The Federal Open Market Committee today left the Federal funds rate in a "range from 0 to 1/4 percent." The discount also was left unchanged at 0.50%. The Fed funds rate remained the lowest ever and the lack of action at this meeting [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 28 2009
U.S. Mortgage Applications Fall as Refinancing Boom Ends
According to the Mortgage Bankers Association, the total number of mortgage applications fell by more than one-third last week and since their peak two weeks ago are down by almost one-half. Applications had been boosted by lower [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 28 2009
U.S. Mortgage Applications Fall as Refinancing Boom Ends
According to the Mortgage Bankers Association, the total number of mortgage applications fell by more than one-third last week and since their peak two weeks ago are down by almost one-half. Applications had been boosted by lower [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 27 2009
U.S. Chain Store Sales Fell Back; 2.4% Yearly Decline a Record
Chain store sales last week retraced the prior week's increase, and more, with a 1.8% decline, according to the International Council of Shopping Centers-Goldman Sachs Index. The drop followed the prior week's 1.1% increase and it [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 27 2009
U.S. Gasoline Price Rise Stabilized
The recent rise in regular gasoline prices stabilized last week after three consecutive weeks of increase. At an average $1.84 per gallon prices about matched the prior week's level but that still was up 13 cents from the recent low, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 27 2009
Case-Shiller Home Price Index Fell A Record 18.2%
The S&P/Case-Shiller 20 Home Price Composite Index fell another 1.9% during November. That pulled prices down 18.2% during the last twelve months and by 25.2% since their peak in May 2006. The series dates back only to 2000. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 27 2009
Consumer Confidence Fell To A Record Low
The Conference Board reported that its December index of consumer confidence fell to a record low last month. The drop to a level of 38.0 followed a November uptick and it lowered Confidence by more than one-half from its year ago [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 27 2009
Consumer Confidence Fell To ARecord Low
The Conference Board reported that its December index of consumer confidence fell to a record low last month. The drop to a level of 38.0 followed a November uptick and it lowered Confidence by more than one-half from its year ago [...]
by:Tom Moeller
|in:Economy in Brief
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