After two weeks of respectable gain, the number of mortgage applications for purchase fell last week by 3.0%, according to the Mortgage Bankers Association. For the month so far, applications in September are 4.2% 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| Sep 20 2006Mortgage Purchase Application Recovery Stalled
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 19 2006
US Flow of Funds: Households' Net Worth Stable
The net worth of the US household sector inched up just 0.1% last quarter versus 1Q'06 to $53.3 trillion. The gain totaled, however, 7.9% versus the second quarter of last year. On the asset side of the ledger, total assets of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 19 2006
US Flow of Funds: Households' Net Worth Stable
The net worth of the US household sector inched up just 0.1% last quarter versus 1Q'06 to $53.3 trillion. The gain totaled, however, 7.9% versus the second quarter of last year. On the asset side of the ledger, total assets of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 19 2006
Chain Store Sales Fell Hard Along With Gasoline Prices
The International Council of Shopping Centers (ICSC)-UBS survey indicated that chain store sales fell a hard 1.1% last week. The second consecutive w/w drop pulled the average sales level in September about even with August.
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 19 2006
Housing Starts Off 20% Y/Y
Housing starts in August fell hard for the sixth month this year to 1.665M units. The 6.0% m/m decline outpaced Consensus expectations for a drop to 1.75M, lowered starts 19.8% below last August and left the latest level 26.5% below [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 19 2006
PPI Up 0.1%, Core Prices Fell
The finished goods producer price index increased 0.1% in August, the same as in July and below Consensus expectations for a 0.2% rise.Excluding food & energy finished producer prices were similarly under control last month and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 19 2006
PPI Up 0.1%, Core Prices Fell
The finished goods producer price index increased 0.1% in August, the same as in July and below Consensus expectations for a 0.2% rise.Excluding food & energy finished producer prices were similarly under control last month and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 18 2006
NAHB Housing Market Index Down By One Half
The National Association of Home Builders (NAHB) indicated that the September Composite Housing Market Index fell to 30 from a slightly revised 33 in August. The latest level is down by more than one half from last year. During the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 18 2006
U.S. Current Account Deficit Deeper: Oil Imports Surged
The US current account deficit in 2Q'06 deepened to $218.4B versus a revised and deepened deficit of $213.2B during 1Q. The deficit last quarter equaled 6.6% of GDP, greater than the 6.35% during all of last year . Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 18 2006
U.S. Current Account Deficit Deeper: Oil Imports Surged
The US current account deficit in 2Q'06 deepened to $218.4B versus a revised and deepened deficit of $213.2B during 1Q. The deficit last quarter equaled 6.6% of GDP, greater than the 6.35% during all of last year . Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 15 2006
U.S. Consumer Sentiment Improved Further, Expectations Up
Consumer sentiment in early September added to the gains of late August, according to the University of Michigan. The mid-month reading rose 2.9% to 84.4 on top of the late-August rise which limited that month's decline to 3.2%. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 15 2006
Industrial Production Stalled in August
Total U.S. industrial output slipped 0.2% last month and that disappointed Consensus expectations for a 0.2% gain. The decline followed an unrevised 0.4% rise during July. As hot summer temperatures moderated, utility output reversed [...]
by:Tom Moeller
|in:Economy in Brief
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