The Mortgage Bankers Association reported that mortgage applications fell 2.4% last week following two weeks of slight decline. Applications to refinance plunged 9.9% w/w and reversed most of the gains of the prior three weeks. [...]
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| Mar 02 2005Mortgage Applications Lower With Fewer Refi's
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 02 2005
U.S. Light Vehicle Sales Lackluster
Unit sales of light vehicles in February edged up 0.5% versus January to 16.30M according to Autodata Corporation. Versus last year sales fell 1.3% and so far in 1Q sales have averaged 16.26M, down from 17.25M in 4Q04. Sales of light [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 02 2005
U.S. Light Vehicle Sales Lackluster
Unit sales of light vehicles in February edged up 0.5% versus January to 16.30M according to Autodata Corporation. Versus last year sales fell 1.3% and so far in 1Q sales have averaged 16.26M, down from 17.25M in 4Q04. Sales of light [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 01 2005
Chain Store Sales Jumped Last Week
Chain store sales jumped 1.5% last week according to the International Council of Shopping Centers (ICSC)-UBS survey. The strong end to February pulled the month's average 1.0% ahead of January and last week's sales were 3.8% above [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 01 2005
U.S. Construction Spending Up
The total value of construction put in place rose another 0.7% in January. Revised figures indicate consistent gains throughout 2004. Consensus expectations had been for a 0.4% rise for January. Private residential building activity [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 01 2005
ISM Factory Index Slipped Again
The Composite Index of activity in the manufacturing sector reported by the Institute of Supply Management slipped again in February to 55.3. The index has fallen during six of the last seven months. Consensus expectation had been for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 01 2005
ISM Factory Index Slipped Again
The Composite Index of activity in the manufacturing sector reported by the Institute of Supply Management slipped again in February to 55.3. The index has fallen during six of the last seven months. Consensus expectation had been for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 28 2005
Chicago Purchasing Agents' Index Up Again
The Chicago Purchasing Managers Business Barometer rose for the second month and increased to 62.7 in February, beating Consensus expectations for a decline to 60.2. During the last ten years there has been a 67% correlation between [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 28 2005
New Home Sales Fell
Sales of new single-family homes fell a sharp 9.2% in January to 1.106M but the previously reported slight gain in December was revised to a 5.6% increase. Consensus estimates had been for sales of 1.125M. The decline in sales last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 28 2005
U.S. Personal Income Down
Personal income dropped last month 2.3% following the 3.7% jump in December which was driven by Microsoft's dividend payment. Consensus expectations had been for a 2.6% decline. Excluding the dividend effect personal income increased [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 28 2005
U.S. Personal Income Down
Personal income dropped last month 2.3% following the 3.7% jump in December which was driven by Microsoft's dividend payment. Consensus expectations had been for a 2.6% decline. Excluding the dividend effect personal income increased [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 25 2005
U.S. Existing Home Sales Fell Again
Sales of existing single family homes fell for the second month and earlier sales estimates were revised down. January sales of 5.94M fell 0.5% from December which fell 2.8% from November. Consensus expectations had been for December [...]
by:Tom Moeller
|in:Economy in Brief
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