A 4.6% decline in the total number of mortgage applications last week reversed most of the increases during the prior two weeks and left applications early in July about even (+0.2%) with the June average which fell 1.5% from May. [...]
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 19 2006Mortgage Applications Confirm Housing Soft in July
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 19 2006
NAHB Housing Market Index Lowest Since 1991
The July Composite Housing Market Index at 39 was at its lowest level since late 1991. The index compiled by the National Association of Home Builders (NAHB) fell from 42 in June and compared to Consensus expectations for a reading of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 19 2006
June Housing Starts Fell More Than Expected
Housing starts fell 5.3% last month to 1.850M units, a decline that outpaced Consensus expectations for a lesser drop to 1.90M starts. For 2Q starts averaged 1.878M, down 11.5% from 1Q and it was the lowest quarterly level since mid [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 19 2006
Core CPI Firmer Than Expected
Consumer prices (CPI-U) rose an expected 0.2% during June. The 0.3% rise in prices less food & energy was, however, like the previous month firmer than expectations for a 0.2% gain. The upside surprise in "core" price inflation [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 19 2006
Core CPI Firmer Than Expected
Consumer prices (CPI-U) rose an expected 0.2% during June. The 0.3% rise in prices less food & energy was, however, like the previous month firmer than expectations for a 0.2% gain. The upside surprise in "core" price inflation [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 18 2006
Gasoline Prices Rose Last Week
Versus the prior week, retail gasoline prices rose two cents last week to $2.99 per gallon (29.0% y/y). During June prices averaged $2.89. A further increase in retail gas prices may be in store this week as the spot market price for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 18 2006
June PPI Firm & Core Tame M/M, Pricing Trends Elevated
The June producer price index for finished goods increased 0.5% and exceeded Consensus expectations for a 0.3% rise. Excluding food & energy, however, prices rose an expected 0.2%. Despite the relatively tame m/m rise in prices less [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 18 2006
June PPI Firm & Core Tame M/M, Pricing Trends Elevated
The June producer price index for finished goods increased 0.5% and exceeded Consensus expectations for a 0.3% rise. Excluding food & energy, however, prices rose an expected 0.2%. Despite the relatively tame m/m rise in prices less [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 17 2006
Empire State Index Slipped During July
The Empire State Mfg. Index of General Business Conditions, reported by the Federal Reserve Bank of New York, during July reversed most of the prior month's surge and fell 13.37 points to 15.64. Consensus expectations had been for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 17 2006
June Industrial Production Rebounded
Total U.S. industrial output rebounded 0.8% during June after a negligible 0.1% May gain that was upwardly revised. The rise outpaced Consensus expectations for a 0.5% increase. Factory sector output increased 0.8% (5.7% y/y) after a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 17 2006
June Industrial Production Rebounded
Total U.S. industrial output rebounded 0.8% during June after a negligible 0.1% May gain that was upwardly revised. The rise outpaced Consensus expectations for a 0.5% increase. Factory sector output increased 0.8% (5.7% y/y) after a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 14 2006
U.S. Business Inventories Gain
Total business inventories increased 0.8% during May, about matched the prior month's strong gain and easily surpassed Consensus expectations for a 0.4% rise. Retail inventories jumped 1.6% after a slight slip during April. Motor [...]
by:Tom Moeller
|in:Economy in Brief
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