- Principal & interest payments fall.
- Mortgage rates rise further.
- Median sales price of single-family home declines sharply.
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| Nov 09 2023U.S. Housing Affordability Improves in September
by:Tom Moeller
|in:Economy in Brief
USA| Nov 09 2023U.S. Initial Jobless Claims Edge Lower in Latest Week
- Decline compares to upwardly revised level in the prior week.
- Continuing claims continue to strengthen.
- Insured unemployment rate holds steady.
by:Tom Moeller
|in:Economy in Brief
- Inventories of both durables & nondurable goods move up.
- Sales continue to strengthen.
- Inventory-to-sales ratio weakens significantly.
by:Tom Moeller
|in:Economy in Brief
USA| Nov 08 2023U.S. Mortgage Applications Strengthen as Interest Rates Decline
- Total applications move up after three weekly declines.
- Purchase & refinancing loans increase.
- Mortgage rates fall to five-week low.
by:Tom Moeller
|in:Economy in Brief
USA| Nov 07 2023U.S. Trade Deficit Widens in September
- Exports & imports post firm gains.
- Goods trade deficit widens slightly while services surplus shrinks.
- Goods trade deficit with China deepens.
by:Tom Moeller
|in:Economy in Brief
USA| Nov 07 2023Consumer Credit Rebounds in September
- Nonrevolving credit recovers some of August’s decline.
- Revolving credit usage weakens.
by:Tom Moeller
|in:Economy in Brief
USA| Nov 07 2023U.S. Gasoline & Crude Oil Prices Decline
- Gasoline & diesel fuel prices continue to weaken.
- Crude oil prices fall to lowest since late-August.
- Natural gas prices rise.
by:Tom Moeller
|in:Economy in Brief
- Crude oil & benzene prices decline sharply.
- Lumber costs continue to fall but rubber prices rise.
- Metals prices decline and textile prices ease.
by:Tom Moeller
|in:Economy in Brief
USA| Nov 03 2023U.S. Payroll Growth Weakens in October; Earnings Growth Slows and Unemployment Rate Edges Higher
- September & August payroll gains are revised lower.
- Earnings growth is below expectations.
- Labor force & household employment decline.
by:Tom Moeller
|in:Economy in Brief
USA| Nov 02 2023U.S. Productivity Strengthens in Q3
- Increase in productivity is largest in three years; compensation improves.
- Unit labor costs ease following two quarters of increase.
- Decline in factory sector productivity bolsters unit labor costs.
by:Tom Moeller
|in:Economy in Brief
USA| Nov 02 2023U.S. Light Vehicle Sales Dip in October
- Light truck sales edge higher while passenger car sales decline.
- Imports' market share increases.
by:Tom Moeller
|in:Economy in Brief
USA| Nov 01 2023FOMC Holds Funds Rate Steady as Expected
- Federal funds rate range remains at 5.25% - 5.50%.
- Rate stays at highest level since March 2001.
- Fed keeps focus on inflation reduction.
by:Tom Moeller
|in:Economy in Brief
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