According to the Office of Federal Housing Enterprise Oversight (OFHEO) home prices in the U.S. rose just 0.1% last quarter. That rounded out a year end gain of just 0.8%, and of 2.8% for the full year. These rates of increase were [...]
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| Feb 27 2008Home Price Appreciation Weakest Since 1990
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 27 2008
U.S. Durable Goods Orders Off Big, As Expected
New orders for durable manufactured goods dropped 5.3% last month. The decline only slightly exceeded Consensus expectations for a large 4.0% downdraft but the surge during December was revised down. The weakness in orders was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 27 2008
US New Home Sales Off 57.7%, Midwest Sales Down 71.5%
During January new single family home sales fell 2.8% m/m to 588,000. The decline dropped sales to the lowest level since 1995 and they were down 57.7% since the peak in July of 2005. A sales rate of 600,000 was the Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 27 2008
US New Home Sales Off 57.7%, Midwest Sales Down 71.5%
During January new single family home sales fell 2.8% m/m to 588,000. The decline dropped sales to the lowest level since 1995 and they were down 57.7% since the peak in July of 2005. A sales rate of 600,000 was the Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 26 2008
U.S. Chain Store Sales Up, Gasoline Prices Surged
According to the International Council of Shopping Centers ICSC-UBS Chain store survey, chain store sales rose 0.5% last week after no change during the prior period. Sales so far this month are up 0.5% from January after a 1.3% gain [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 26 2008
Consumer Confidence Plummet, Expectations the Dreariest
The Conference Board reported today that consumer confidence plummeted this month. The 14.1% m/m decline to a reading of 75.0 was the largest m/m give back since September of 2005 and it dropped the level to its lowest since early [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 26 2008
Gasoline Prices Surged, Crude Oil Crested $100
Week to week, retail gasoline prices rose nearly a dime per gallon to $3.13 per gallon, according to the US Department of Energy survey. The retail price for regular grade gasoline was its highest since early last June. This week, a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 26 2008
Case-Shiller Home Price Index Lowest Since 2005
According to the S&P/Case-Shiller Composite 20 home price index, U.S. home prices fell 2.1% m/m in December and repeated the prior months' decline. Home prices have fallen in every month since July of 2006 and the total decline over [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 26 2008
U.S. PPI Total & Core Strong
Finished producer prices surged 1.0% during January following a 0.3% dip in December. The latest increase was triple Consensus expectations for a 0.3% rise. At an annual rate the PPI is up 13.5% during the last three months. Less food [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 26 2008
U.S. PPI Total & Core Strong
Finished producer prices surged 1.0% during January following a 0.3% dip in December. The latest increase was triple Consensus expectations for a 0.3% rise. At an annual rate the PPI is up 13.5% during the last three months. Less food [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 25 2008
Economists Forecast No U.S. Recession in 2008
According to the National Association For Business Economists (NABE), the U.S. economy will skirt an economic downturn in 2008. During 1Q08 and 2Q08 growth on average is, however, expected to be the lowest since the end of the last [...]
by:Tom Moeller
|in:Economy in Brief
The Federal Reserve Bank of Chicago reported that its January National Activity Index (CFNAI) remained negative, at -0.58. The three month moving average of the index also remained negative at -0.60 which was near the lowest since [...]
by:Tom Moeller
|in:Economy in Brief
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