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Tag Archives: Beige Book

Existing-Home Sales Dip in December; Inventory Falls to 11-Year Low

Existing-home sales fell 1.0 percent in December to a seasonally adjusted annual rate of 4.94 million, and November sales were revised downward, slipping below 5 million, the National Association of Realtors reported Tuesday. Economists had expected the sales pace to improve to 5.1 million. The supply of existing homes for sale fell in December to 1.82 million, the lowest level since January 2001. At the current sales pace, the homes available for sale represent a 4.4 month supply.

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Beige Book Sees Economy Expanding

Economic activity expanded in the closing weeks of 2012, the Federal Reserve said in its periodic Beige Book released Wednesday, reflecting a slow but steadily declining unemployment rate and low rates of inflation--conditions the Fed said would have to be met before it raises interest rates. According to the Beige Book, districts reported stronger consumer spending--about 70 percent of the nation's GDP--with holiday sales ""modestly higher"" than in 2011. At the same time, the report said business contacts were ""citing concerns that consumers will spend cautiously due to ongoing fiscal uncertainty.""

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Beige Book Shows Regional Economic Differences

The Federal Reserve painted a picture of a split economy with concerns about the ""fiscal cliff"" in its periodic Beige Book released Wednesday. The economy, according to the Beige Book, expanded ""at a measured pace"" in seven of the 12 federal reserve districts--Cleveland, Richmond, Atlanta, Chicago, Kansas City, Dallas, and San Francisco. According to the Beige Book, business leaders and others ""expressed concern and uncertainty about the federal budget, especially the fiscal cliff.""

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Residential Real Estate Bright Spot in Fed Report

The nation's economy generally expanded modestly from mid-August until the end of September, the Federal Reserve said in its periodic Beige Book report issued Wednesday. The report, the last Beige Book to be issued prior to Election Day, painted a mixed regional picture, with a leveling off of economic activity in New York and a slowing in the pace of growth in Kansas City. Residential real estate proved to be a bright spot amid an otherwise pedestrian report.

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Economy Expanding ‘Gradually’, Real Estate Markets ‘Improving’: Fed

The nation's economy expanded gradually from early July through mid-August, the Federal Reserve reported Wednesday in its periodic Beige Book. The description of the economy, drawn from reports from each of the 12 Federal Reserve Districts, differed from the usual tone of Beige Books, which have recently described economic growth as ""modest"" or ""moderate."" Housing markets across most districts, the Beige Book said, showed ""signs of improvement, with sales and construction continuing to increase.""

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Beige Book Cites Modest to Moderate Growth With ‘Guarded’ Optimism.

The economy expanded at a modest to moderate pace from early April to the end of May, the Federal Reserve reported Wednesday in its periodic Beige Book. The assessment reflected a weakening from the report in April when the expansion was characterized as moderate. Economic outlooks, according to the report, ""remain positive, but contacts were slightly more guarded in their optimism."" Activity in the New York, Cleveland, Atlanta, Chicago, Kansas City, Dallas, and San Francisco districts was described as moderate, while the Richmond, St. Louis, and Minneapolis districts noted modest growth.

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Beige Book Cites Modest to Moderate Growth, Concerns About Gas Prices

The economy continued to expand at a modest to moderate pace from mid-February through late March, the Federal Reserve said Wednesday in its periodic Beige Book, reporting faster and solid growth in Kansas City and Minneapolis but moderate or modest growth in Boston, Atlanta, Chicago, Dallas, San Francisco Cleveland and St. Louis. New York reported economic growth picked up somewhat while Philadelphia and Richmond cited improving business conditions.

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Beige Book Sees Continued Modest Improvement in Economy

Overall economic activity continued to increase at a modest to moderate pace in January and early February, the Federal Reserve said in its periodic Beige Book, an anecdotal report of conditions in each of the 12 Federal Reserve districts. The report showed economic improvement varying across the country -- economic activity rose at a somewhat faster pace in the Philadelphia and Atlanta districts but growth was slower in New York. Minneapolis characterized the pace of growth as firm.

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Fed’s Beige Book Depicts Growth in All Economic Areas Except Housing

The U.S. economy ended 2011 in better standing than earlier in the year, according to the Federal Reserve's polling of key business contacts, economists, and market experts throughout its 12 regional districts. Reporting for the latest Beige Book publication, all 12 districts characterized economic growth as modest to moderate - and that's without the typical recovery model in which housing serves as a primary contributor to economic expansion. Across the board, Fed districts labeled residential real estate activity as ""sluggish.""

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