The Housing Chronicles Blog: Beige Book: Moderate economic expansion in July and August, but low for-sale home inventory

Thursday, September 7, 2017

Beige Book: Moderate economic expansion in July and August, but low for-sale home inventory

Economic activity expanded at a modest to moderate pace across all twelve Federal Reserve Districts in July and August. Both residential and commercial construction increased slightly overall. Low inventories of homes for sale continued to weigh on residential real estate activity across the country, while commercial real estate activity increased slightly.

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