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Home | Tag Archives: Beige Book

Tag Archives: Beige Book

Fed Reports ‘Steady to Improving’ Residential Real Estate Activity in Most Districts

federal-reserve

*+-The districts of Richmond, Chicago, and Dallas reported that residential mortgage demand, particularly in the area of refinancings, grew during the period, while New York reported steady growth. Delinquencies were down or at low levels in New York and Cleveland, while Philadelphia and Kansas City bankers expressed confidence in the quality of their loan portfolios, according to the Fed.

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Fed: Economy Growing at ‘Modest to Moderate’ Pace Amidst Concerns Over Oil Prices

saving-money

*+-While lower prices are bound to keep Americans happy at the gas pump, they could potentially be a problem for housing in oil-dependent states, including Texas, Oklahoma, and Louisiana. If the current decline impacts the local labor market (as the Dallas Fed indicated Wednesday in its own Beige Book), it could be a weight on their housing health in the next few years.

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Federal Reserve: Housing Mirrors Modest Economy Growth

saving-money

*+-Growth was described as "modest" in the New York, Cleveland, Chicago, Minneapolis, Dallas, and San Francisco districts, while Philadelphia, Atlanta, St. Louis, and Kansas City reported “modest” growth. Looking ahead, contacts in about half of the districts "generally remained optimistic about future growth," while most of the other districts saw ongoing optimism in specific sectors.

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Beige Book: Economic Conditions Improved Since Q1 2014

*+-In its latest Beige Book, released Wednesday, the Federal Reserve noted economic activity has expanded in recent months, with the pace of growth "characterized as moderate in the Boston, New York, Richmond, Chicago, Minneapolis, Dallas, and San Francisco Districts, and modest in the remaining regions."

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Fed: Economic Activity Increases Due to Better Weather

*+-Reports from the Federal Reserve’s 12 districts indicate economic activity has increased in most regions across the country since the end of February as the unusually harsh winter came to an end. As in the last Beige Book report, the word "weather" appeared more than 100 times in the Fed's latest release, though the theme this time was generally one of improvement rather than sluggishness.

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