- Median sales prices continue to move up to record highs.
- Mortgage rates ease following four months of increase.
- Median family income growth remains strong.
- Affordability is highest in the Midwest and lowest in the West.
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 09 2024U.S. Housing Affordability Index Is Little Changed in June
by:Tom Moeller
|in:Economy in Brief
- Wholesale inventories rise for third consecutive month.
- Sales reverse two monthly gains.
- Inventory/sales ratio increases to roughly one-year high.
by:Tom Moeller
|in:Economy in Brief
USA| Aug 07 2024U.S. Consumer Credit Growth Dips in June
- Revolving credit outstanding declines.
- Nonrevolving credit gain accelerates.
by:Tom Moeller
|in:Economy in Brief
- Purchase applications edge higher while refinancing continues to surge.
- Interest rate on 30-year fixed-rate loan declines sharply.
by:Tom Moeller
|in:Economy in Brief
USA| Aug 06 2024U.S. Trade Deficit Narrows Slightly in June
- Trade shortfall is smallest in three months.
- Export gain outpaces import increase.
- Trade deficits with China, Japan & European Union narrow.
by:Tom Moeller
|in:Economy in Brief
USA| Aug 06 2024U.S. Energy Prices Decline in Latest Week
- Gasoline prices fall to six-week low.
- Crude oil prices decline sharply.
- Natural gas prices weaken to lowest level since early-May.
by:Tom Moeller
|in:Economy in Brief
- Service sector weakness is notable.
- Earnings disappoint m/m and trend growth continues to decelerate.
- Jobless rate stays on upward path.
by:Tom Moeller
|in:Economy in Brief
USA| Aug 01 2024U.S. Light Vehicle Sales Recover in July
- Both light truck and passenger car sales rise.
- Imports' market share strengthens.
by:Tom Moeller
|in:Economy in Brief
- Index weakens to lowest point in eight months.
- Employment & production lead decline while supplier deliveries edge higher.
- Price index moves up.
by:Tom Moeller
|in:Economy in Brief
USA| Jul 31 2024FOMC Maintains Funds Rate Target Range
- Federal funds rate range remains at 5.25% - 5.50%, where it’s been since early-August 2023. Range remains highest since March 2001.
- Fed maintains focus on inflation reduction.
- Moderation of labor market strength & progress toward 2% inflation goal is noted.
by:Tom Moeller
|in:Economy in Brief
USA| Jul 31 2024U.S. Employment Cost Index Gain Moderates in Q2
- Y/Y increase falls sharply.
- Wage & benefit growth both slip.
- Both goods-producing & service-sector compensation growth slows.
by:Tom Moeller
|in:Economy in Brief
- Confidence recovers most of June decline.
- Present situations reading declines but expectations strengthen.
- Inflation expectations stabilize.
by:Tom Moeller
|in:Economy in Brief
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