Last week, the total number of mortgage applications recovered most of the prior week's decline with a 4.6% gain. The rise lifted the average level in May 0.3% above the April average. Purchase applications rose 2.4% following a 3.9% [...]
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| May 17 2006Mortgage Applications Recovered
by:Tom Moeller
|in:Economy in Brief
- Global| May 17 2006
CPI Up 0.6% Due To Energy & Services
The April consumer price index (CPI-U) rose 0.6%, the most for any month since a 0.7% rise in January and matched Consensus expectations. For the second month, however, a 0.3% rise in prices less food & energy was firmer than [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 17 2006
CPI Up 0.6% Due To Energy & Services
The April consumer price index (CPI-U) rose 0.6%, the most for any month since a 0.7% rise in January and matched Consensus expectations. For the second month, however, a 0.3% rise in prices less food & energy was firmer than [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 16 2006
Chain Store Sales Tread Water; Gasoline Prices Up
Chain store sales remained unchanged last week after a 0.4% slip to open the month, according to the International Council of Shopping Centers (ICSC)-UBS survey. So far in May sales are 0.3% above the April average which rose 1.6% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 16 2006
Industrial Production Jumped
Total industrial output jumped 0.8% last month following two months of 0.5% gain. Consensus expectations had been for another 0.5% increase. Factory sector output surged 0.8% (5.5% y/y) after an unrevised 0.5% March increase. That [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 16 2006
PPI Up Expected 0.9%, Core Tame
The April finished goods producer price index jumped 0.9%. That was the largest gain since a 1.4% spike last September but it about matched Consensus expectations had been for a 0.8% rise. Less food & energy the (core) PPI increased [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 16 2006
Housing Starts Lowest Since 2004
During April, housing starts fell 7.4% m/m to 1.849M units following the 6.4% March decline that was revised slightly shallower. Again, the decline by far exceeded Consensus expectations for a modest drop to 1.95M starts and reduced [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 16 2006
Housing Starts Lowest Since 2004
During April, housing starts fell 7.4% m/m to 1.849M units following the 6.4% March decline that was revised slightly shallower. Again, the decline by far exceeded Consensus expectations for a modest drop to 1.95M starts and reduced [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 15 2006
NAHB Housing Market Index Lowest Since 1995
The National Association of Home Builders' (NAHB) reported that the May Composite Housing Market Index dropped 11.8% from April to the lowest level since June 1995. The figure was quite a bit weaker than Consensus expectations for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 15 2006
Empire State Index Easier Again, Expected Conditions Off Sharply
The Empire State Index of General Business Conditions for May slipped further to 12.36 from an unrevised 15.81 in April. These levels are down sharply from the series' March high of 29.03 and are reported by the Federal Reserve Bank [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 15 2006
Europe Led the OECD Leaders Up
During March, the Leading Index of the Major 7 OECD economies increased another 0.2% after five consecutive months of 0.4% gain. The leaders' six month growth rate held at 3.9%, its best since early 2004. During the last ten years [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 15 2006
Europe Led the OECD Leaders Up
During March, the Leading Index of the Major 7 OECD economies increased another 0.2% after five consecutive months of 0.4% gain. The leaders' six month growth rate held at 3.9%, its best since early 2004. During the last ten years [...]
by:Tom Moeller
|in:Economy in Brief
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