- Sales rise after four months of decline.
- Home prices back away from record.
- Sales rise in most regions of the country.
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| Aug 22 2024U.S. Existing Home Sales Edge Higher in July; Prices Decline
by:Tom Moeller
|in:Economy in Brief
- Purchase & refinancing applications decline.
- Interest rate on 30-year fixed-rate loan remains near May 2023 low.
- Average loan size declines.
by:Tom Moeller
|in:Economy in Brief
USA| Aug 20 2024U.S. E-Commerce Sales Firm in Q2’24
- Online sales share of total remains high.
- Nonstore retail sales moderate.
- Electronics & general merchandise firm y/y.
by:Tom Moeller
|in:Economy in Brief
USA| Aug 20 2024U.S. Gasoline Prices Decline in Latest Week; Crude Oil Prices Rise
- Gasoline prices fall to six-month low.
- Crude oil prices increase w/w but decline sharply yesterday.
- Natural gas prices weaken to lowest level since early-May.
by:Tom Moeller
|in:Economy in Brief
USA| Aug 19 2024U.S. Leading Economic Indicators Decline Further in July
- Leading index drop is largest in three months.
- Coincident index stabilizes, following two months of increase.
- Lagging index dips for second month in last three.
by:Tom Moeller
|in:Economy in Brief
USA| Aug 16 2024U.S. Housing Starts & Building Permits Decline Sharply in July
- Retrenchment in starts led by single-family; multi-family moves higher.
- Starts are mixed m/m throughout the country.
- Building permits return to four-year low.
by:Tom Moeller
|in:Economy in Brief
USA| Aug 15 2024U.S. Industrial Production Declines During July
- Factory production falls moderately; utility output plunges.
- Mining output holds steady.
- Capacity utilization declines sharply.
by:Tom Moeller
|in:Economy in Brief
- Vehicle sales strengthen while gasoline purchases edge higher.
- Core retail spending gain moderates.
- Furniture & electronics sales jump.
by:Tom Moeller
|in:Economy in Brief
USA| Aug 14 2024U.S. CPI Total & Core Prices Increase Modestly in July
- Services prices pick up m/m, driven by shelter.
- Core goods price decline is broad-based.
- Food prices rise modestly while energy costs are unchanged.
by:Tom Moeller
|in:Economy in Brief
- Goods prices less food & energy increase modesty.
- Service price decline follows three months of strong gain.
- Energy prices rebound; food prices strengthen.
by:Tom Moeller
|in:Economy in Brief
USA| Aug 13 2024U.S. Energy Prices Decline in Latest Week
- Gasoline prices fall to five-month low.
- Crude oil prices continue to decline.
- Natural gas prices weaken to lowest level since early-May.
by:Tom Moeller
|in:Economy in Brief
USA| Aug 12 2024U.S. Government Budget Deficit Shrinks So Far in FY 2024
- Personal income tax receipts strengthen.
- Corporate tax payments surge.
- Outlay growth picks up with higher Social Security spending.
- Interest payments surge.
by:Tom Moeller
|in:Economy in Brief
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