The total number of mortgage applications fell 3.6% last week to the lowest level since last February, according to the Mortgage Bankers Association. The decline was to a level 11.8% below the recent peak in March. Purchase [...]
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| Jul 25 2007Mortgage Applications Lowest Since February
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 24 2007
Weekly Chain Store Sales Tick Down as Gas Prices Fell
The International Council of Shopping Centers (ICSC)-UBS survey indicated that chain store sales ticked 0.2% lower last week and reversed most of the 0.3% rise during the prior week. The weak showing of sales recently left the average [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 24 2007
Weekly Chain Store Sales Tick Down as Gas Prices Fell
The International Council of Shopping Centers (ICSC)-UBS survey indicated that chain store sales ticked 0.2% lower last week and reversed most of the 0.3% rise during the prior week. The weak showing of sales recently left the average [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 23 2007
Mass Layoffs Creep Higher
The number of mass layoff events rose 8.0% during June. The increase reversed al of the prior months 6.2% decline, according to BLS data.These specific layoff incidents are called "mass layoffs" because they involve 50 or more [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 23 2007
Mass Layoffs Creep Higher
The number of mass layoff events rose 8.0% during June. The increase reversed al of the prior months 6.2% decline, according to BLS data.These specific layoff incidents are called "mass layoffs" because they involve 50 or more [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 18 2007
Mortgage Applications Up Slightly
The total number of mortgage applications rose 1.9% last week following a 1.1% gain the prior week, according to the Mortgage Bankers Association. Higher applications to refinance led the increase in the total with a 4.9% increase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 18 2007
Total Housing Starts Uptick All Multi-Family, Single-Family Down
Housing starts rose 2.3% during June to 1.467M and slightly beat Consensus expectations for 1.45M starts. The increase did little to dampen this years pace of 20%+ y/y declines. The increase in June starts was all in multi-family [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 17 2007
NAHB Housing Market Index Fell Again
The Composite Housing Market Index from the National Association of Home Builders' (NAHB) fell last month to the lowest level since early 1991. At 28 for June, the index fell 6.7% from May and fell by one third from a year earlier. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 17 2007
Lower Energy Prices Ease U.S. PPI; Core Prices Firm
The producer price index for finished goods fell 0.2% last month following its 0.9% rise in May. The decline compared to Consensus forecasts for a 0.1% increase and it was the first decline since January. Food prices fell 0.8% (+6.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 17 2007
Lower Energy Prices Ease U.S. PPI; Core Prices Firm
The producer price index for finished goods fell 0.2% last month following its 0.9% rise in May. The decline compared to Consensus forecasts for a 0.1% increase and it was the first decline since January. Food prices fell 0.8% (+6.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 16 2007
U.S. Inventory Accumulation Showed Some Life
After deceleration through April, total business inventories in May rose 0.5% following a 0.4% increase the month prior. The increases were sufficient to raise the three month growth rates. Consensus expectations had been for a 0.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 16 2007
Empire State Index Adds To June Surge
The July index of manufacturing activity in New York State added slightly to the improvement in June. The Index of General Business Conditions rose 0.71 points on top of its 17.72 jump during June. Consensus expectations for the [...]
by:Tom Moeller
|in:Economy in Brief
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