The median sales price of a new single family home fell 9.3% to $217,000 during September. Though the August level of prices was revised up, the year to year change of -9.7% was the worst since 1970 and it lowered prices below the [...]
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| Oct 26 2006New Home Prices Down, Sales Up
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 26 2006
Surge in U.S. Durable Goods Orders All Air
Orders for civilian aircraft & parts nearly tripled m/m during September and propelled total new orders for durable goods up 7.8%. That followed a little revised 0.1% dip during August and it beat Consensus expectations for a 2.0% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 26 2006
Surge in U.S. Durable Goods Orders All Air
Orders for civilian aircraft & parts nearly tripled m/m during September and propelled total new orders for durable goods up 7.8%. That followed a little revised 0.1% dip during August and it beat Consensus expectations for a 2.0% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2006
Federal Funds Rate Steady at 5.25%
The target interest rate for Federal funds was held steady at 5.25%, where it has been since late June, at today's meeting of the Federal Open Market Committee. Voting against the decision for the third consecutive meeting was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2006
Negative Readings from the Chicago Fed & the Richmond Fed
The National Activity Index (CFNAI) from the Federal Reserve Bank of Chicago dropped to a negative 0.51 in September, the third negative monthly reading in a row. As a result, the three-month moving average of the CFNAI fell to -0.25, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2006
U.S. Existing Home Sales & Prices Down
Total existing home sales in September fell 1.9% to 6.18M from an unrevised August level, according to the National Association of Realtors. The decline was the sixth in a row and the latest level fell short of Consensus expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2006
Mortgage Applications Ticked Higher
The total number of mortgage applications ticked 0.5% higher last week following two consecutive weeks of hefty decline, according to the Mortgage Bankers Association. Due to a sharp increase at the end of last month, the average [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2006
Mortgage Applications Ticked Higher
The total number of mortgage applications ticked 0.5% higher last week following two consecutive weeks of hefty decline, according to the Mortgage Bankers Association. Due to a sharp increase at the end of last month, the average [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 24 2006
Gasoline Off Another Two Cents, Natural Gas Prices Firm
The retail price for a gallon of regular unleaded gasoline fell another two cents last week to an average $2.21 (-15.2% y/y) and was to the lowest level since December of last year. The spot market price for a gallon of regular [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 24 2006
Decline in Chain Store Sales Retraced All of the Recent Gains
Chain store sales dropped 1.1% last week and gave back all of the gains of the prior two periods, according to the International Council of Shopping Centers (ICSC)-UBS. The decline lowered the change in October sales to -0.4% versus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 24 2006
Decline in Chain Store Sales Retraced All of the Recent Gains
Chain store sales dropped 1.1% last week and gave back all of the gains of the prior two periods, according to the International Council of Shopping Centers (ICSC)-UBS. The decline lowered the change in October sales to -0.4% versus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2006
Energy & Gold Prices: Whiffs of Reflation?
At $58.51 yesterday for a barrel of WTI crude oil, the price has stabilized after falling below $60 early last week. Reflation probably is too strong a word for the likely, prospective path of oil prices, but several factors argue [...]
by:Tom Moeller
|in:Economy in Brief
- of1081Go to 870 page