The Housing Chronicles Blog: Fed's Beige Book shows continued modest growth, but home construction remains constrained

Thursday, November 30, 2017

Fed's Beige Book shows continued modest growth, but home construction remains constrained

Economic activity continued to increase at a modest to moderate pace in October and mid-November, according to anecdotal reports from contacts across the 12 Federal Reserve Districts. Residential real estate activity remained constrained, with most Districts reporting little growth in sales or construction. By contrast, nonresidential activity was consistent with previous reports of slight growth.

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