According to the Mortgage Bankers Association. the total number of mortgage applications surged 11.9% last week. It was the strongest w/w increase since June 2005. The gain lifted applications for the month 5.6% above the August [...]
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 04 2006Mortgage Applications Surged
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 04 2006
U.S. Factory Inventory Gain Slowed
Factory inventories rose 0.4% last month, half the upwardly revised gain during July. Nevertheless, the y/y rate of accumulation was at its highest since early 2005. Primary metals inventories again were firm and rose 1.4% (11.7% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 04 2006
ISM Nonmanufacturing Index Down, Components Up
The September Business Activity Index for the non-manufacturing sector from the Institute for Supply Management (ISM) fell unexpectedly to its lowest level in over three years. The decline to 52.9 compared to Consensus expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 04 2006
Lower Gasoline Prices Fueled U.S. Vehicle (Truck) Sales
U.S. sales of light vehicles in September rose 3.5% to 16.63M units, according to the Autodata Corporation. The gain recovered a piece of the prior month's 6.5% decline and during the first nine months of 2006 vehicle sales averaged [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 04 2006
ADP Reports Less Hiring During September
The Nat'l Employment Report, published by the payroll processor ADP, indicated that private nonfarm payrolls rose 78,000 last month. The September figure from BLS will be published this Friday. During August, ADP's measure of private [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 04 2006
ADP Reports Less Hiring During September
The Nat'l Employment Report, published by the payroll processor ADP, indicated that private nonfarm payrolls rose 78,000 last month. The September figure from BLS will be published this Friday. During August, ADP's measure of private [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 03 2006
Challenger Layoffs Up Sharply
For September, announced job cuts reported by Challenger, Grey & Christmas jumped for the second month. The 35,037 increase to 100,315 was to the highest level since January. The three month moving average of layoff announcements also [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 03 2006
Chain Store Sales & Gasoline Prices Fell Again
The International Council of Shopping Centers (ICSC)-UBS indicated that chain store sales fell last week. The 0.3% decline was the fourth drop in as many weeks and pulled the average of sales in September 0.5% below August.
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 03 2006
Chain Store Sales & Gasoline Prices Fell Again
The International Council of Shopping Centers (ICSC)-UBS indicated that chain store sales fell last week. The 0.3% decline was the fourth drop in as many weeks and pulled the average of sales in September 0.5% below August.
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 02 2006
U.S. Construction Spending Up Unexpectedly
The August value of construction put in place rose a modest 0.3% after a little revised 1.0% drop during July. Consensus expectations had been for a 0.4% decline. Despite the latest increase the level of 3Q activity remained 1.0% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 02 2006
ISM Composite & Price Indexes Down
The September composite index of manufacturing sector activity from the Institute for Supply Management fell to 52.9 from 54.5 during the prior month. The decline was the fourth in the last five months and left the index down five [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 02 2006
ISM Composite & Price Indexes Down
The September composite index of manufacturing sector activity from the Institute for Supply Management fell to 52.9 from 54.5 during the prior month. The decline was the fourth in the last five months and left the index down five [...]
by:Tom Moeller
|in:Economy in Brief
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