Housing momentum continues in all districts: Beige Book
OtherAll of the Federal Reserve districts reported modest to moderate growth in economic activity in the central bank’s latest Beige Book. Residential real estate and construction activity increased at a moderate to strong pace in all reporting districts since the previous report. Additionally, commercial real estate market conditions and construction continued to also post significant growth across all districts. Residential real estate activity increased at a moderate to strong pace in all districts due to home price increases. The report sounds the alarm on Cleveland, noting that June sales of […]
