Housing starts jumped 14.5% m/m during January to 2.276M units, the highest since 1973, following a December decline which was revised shallower. New construction activity most certainly was aided by the record warm temperatures last [...]
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| Feb 16 2006Housing Starts Lifted By Mild Weather
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 15 2006
Mortgage Applications Reversed January Uptick
The total number of mortgage applications fell 7.3% last week, the third consecutive weekly decline. The declines have been sufficient to reverse virtually all of the 5.2% increase in applications during the month of January. Purchase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 15 2006
Empire State Index Stable
The February Empire State Index of General Business Conditions, published by the Federal Reserve Bank of New York, was roughly stable at 20.31 following the 6.16 point January decline to 20.12. Consensus expectations for the factory [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 15 2006
Industrial Production Off Due to Warm Weather
Overall industrial output fell last month by 0.7% following an upwardly revised 0.9% rise during December. The decline, however, wholly reflected the warm temperatures which reduced utility output by 10.2% (-4.7% y/y). Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 15 2006
Industrial Production Off Due to Warm Weather
Overall industrial output fell last month by 0.7% following an upwardly revised 0.9% rise during December. The decline, however, wholly reflected the warm temperatures which reduced utility output by 10.2% (-4.7% y/y). Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 14 2006
Small Business Optimism Dipped
The January index of small business optimism from the National Federation of Independent Business (NFIB) reversed the small December rise and fell 0.3%. The latest index level was 6.1% lower than the peak during November 2004. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 14 2006
U.S. Business Inventories Up Again
Total business inventories posted another solid increase during December. The 0.7% increase followed an upwardly revised 0.6% November gain and was firmer than the 0.4% Consensus expectation. The latest increases, however, have lagged [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 14 2006
Chain Store Sales Dipped Last Week
Chain store sales dipped 0.4% last week following a 2.0% surge during the opening week of February, according to the International Council of Shopping Centers (ICSC)-UBS survey. So far in February sales are 0.7% ahead of the January [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 14 2006
U.S. Retail Sales Surged As Temperatures Warmed
January US retail sales surged 2.3% as temperatures posted record highs. The increase by far exceeded Consensus expectations for a 0.8% gain and the December increase was revised down to 0.4% due to a lowered estimate of auto sales. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 14 2006
U.S. Retail Sales Surged As Temperatures Warmed
January US retail sales surged 2.3% as temperatures posted record highs. The increase by far exceeded Consensus expectations for a 0.8% gain and the December increase was revised down to 0.4% due to a lowered estimate of auto sales. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 13 2006
U.S. Budget Surplus Up Due to Strong Receipts
The U.S. federal government posted a wider budget surplus during January as net revenues held on to a strong increase during December. The surplus, common during past Januarys, nearly doubled y/y to $21.0B. The fiscal year to date [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 13 2006
OECD Leaders Rose Further
During December, the Leading Index of the Major 7 OECD economies capped a year of slower growth for the full year of 2005, but improvement in the second half. In fact, a 0.6% December rise pulled the average monthly gain during 2H '05 [...]
by:Tom Moeller
|in:Economy in Brief
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