- Last week’s decline in applications reverses prior week’s gain.
- Purchase applications & refinancing applications both fall.
- Interest rates continue to rise.
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
USA| Apr 24 2024U.S. Mortgage Applications Decline as Interest Rates Increase
by:Tom Moeller
|in:Economy in Brief
USA| Apr 23 2024U.S. New Home Sales Rebound in March
- Sales rise to highest level in six months.
- Regional sales gain is broad-based.
- Median sales price increases sharply.
by:Tom Moeller
|in:Economy in Brief
USA| Apr 23 2024U.S. Energy Prices Are Mixed in Latest Week
- Gasoline prices continue to rise.
- Crude oil costs drop, reversing earlier increase.
- Natural gas prices fall sharply.
by:Tom Moeller
|in:Economy in Brief
USA| Apr 22 2024Chicago Fed National Activity Index Increases in March
- Index is positive for second straight month.
- Three-month average remains negative.
- Improvement led by labor market indicators.
by:Tom Moeller
|in:Economy in Brief
USA| Apr 19 2024U.S. Leading Economic Indicators Resume Decline in March
- Drop in leading index follows first rise in two years.
- Coincident Indicators exhibit strength.
- Lagging index holds steady after two monthly increases.
by:Tom Moeller
|in:Economy in Brief
USA| Apr 18 2024U.S. Existing Home Sales Decline in March
- Sales retreat from twelve-month high.
- Home prices rebound to seven-month high.
- Sales decline in much of country.
by:Tom Moeller
|in:Economy in Brief
USA| Apr 18 2024Philadelphia Fed Manufacturing Index Surges in April
- Composite index moves to highest level in two years as new orders & shipments strengthen.
- Prices paid measure jumps; prices received increases as well.
- Expectations ease slightly but remain positive.
by:Tom Moeller
|in:Economy in Brief
USA| Apr 17 2024U.S. Mortgage Applications Rise Despite Higher Interest Rates
- Applications surge in second week of April.
- Purchase applications jump while refinance applications rise modestly.
- Interest rates rise markedly.
by:Tom Moeller
|in:Economy in Brief
- Rise in production follows upward revision to February gain.
- Factory output improves moderately; utilities production increases.
- Capacity utilization edges higher.
by:Tom Moeller
|in:Economy in Brief
USA| Apr 16 2024U.S. Housing Starts Drop Sharply in March; Building Permits Fall
- Single-family and multi-family starts reverse February gains.
- Starts decline throughout most of the country.
- Building permits fall to eight-month low.
by:Tom Moeller
|in:Economy in Brief
USA| Apr 15 2024U.S. Retail Sales Gain Is Surprisingly Strong in March
- Surge in core sales is led by nonstore retailers.
- Vehicle sales decline.
- Gasoline sales jump with higher prices.
by:Tom Moeller
|in:Economy in Brief
USA| Apr 15 2024U.S. Home Builders Sentiment Holds Steady in April
- Overall index remains at highest level since July 2023.
- Component movement is mixed.
- Regional indexes diverge.
by:Tom Moeller
|in:Economy in Brief
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