May new single family home sales continued unexpectedly firm and rose 4.6% m/m to 1.234 million (SAAR). The rise was third consecutive monthly increase and followed a 5.9% April gain that was little revised. Consensus expectations had [...]
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| Jun 26 2006New Home Sales Continued Firm
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 23 2006
U.S. Durable Goods Orders Off Slightly
New orders for durable goods fell 0.3% last month after a little revised 4.7% drop during April. Consensus expectations had been for a 0.5% decline. Lower Boeing orders dropped nondefense aircraft & parts bookings by 17.9% (-38.7% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 23 2006
U.S. Durable Goods Orders Off Slightly
New orders for durable goods fell 0.3% last month after a little revised 4.7% drop during April. Consensus expectations had been for a 0.5% decline. Lower Boeing orders dropped nondefense aircraft & parts bookings by 17.9% (-38.7% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 22 2006
Leading Economic Indicators Down Third Month in Four
The May Composite Index of Leading Economic Indicators fell 0.6% last month after an unrevised 0.1% dip during April, reported the Conference Board. Consensus expectations had been for a 0.4% decline and it was the third drop in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 22 2006
Initial Claims for Unemployment Insurance Up Slightly
Initial unemployment insurance claims increased 11,000 to 308,000 last week. The rise followed a decline of 6,000 the week prior that was slightly shallower than initially estimated and about matched Consensus expectations for 309,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 22 2006
Initial Claims for Unemployment Insurance Up Slightly
Initial unemployment insurance claims increased 11,000 to 308,000 last week. The rise followed a decline of 6,000 the week prior that was slightly shallower than initially estimated and about matched Consensus expectations for 309,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 21 2006
Gold Prices Crater, Oil Off a Bit But Inflation Pressure Up
Gold prices at $567.00 per ounce yesterday were more than 20% lower than their high during May. (Since 1980 there has been a 56% correlation between the level of gold prices and the y/y change in consumer prices.) In addition, the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 21 2006
Mortgage Applications Dip, # of Unsold Homes Soar
The total number of mortgage applications dipped 0.8% last week after the 7.0% recovery the prior week. Through early June, applications were just 0.6% below the May average but were 27.9% below the year ago level. Applications to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 21 2006
Mortgage Applications Dip, # of Unsold Homes Soar
The total number of mortgage applications dipped 0.8% last week after the 7.0% recovery the prior week. Through early June, applications were just 0.6% below the May average but were 27.9% below the year ago level. Applications to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 20 2006
Chain Store Sales Stable As Gas Prices Fell
The International Council of Shopping Centers (ICSC)-UBS reported that chain store sales were stable last week following a 1.2% surge during the prior week. Sales so far in June are 0.2% below the May average which fell 0.4% from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 20 2006
NAHB Housing Market Index Down Again
The National Association of Home Builders' (NAHB) reported that the June Composite Housing Market Index at 45 fell another 8.7% from May to the lowest level since April 1995. The figure matched Consensus expectations. During the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 20 2006
Housing Starts Rebound
Housing starts rebounded 5.0% last month to 1.957M units and recovered about all of the April decline that was revised slightly shallower. The rise by far exceeded Consensus expectations for stability at 1.869M starts. Total housing [...]
by:Tom Moeller
|in:Economy in Brief
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