• Fed's Beige Book: "Reports from the housing market in a mainly positive"

Market news

18 July 2012

Fed's Beige Book: "Reports from the housing market in a mainly positive"

 

    • The market rental housing continues to strengthen

    • Manufacturing activity is increasing in most districts

    • Car sales are supported by sales of cars with low fuel consumption

    • Demand for loans is moderately increased in most districts

    • Reports on agriculture, inconsistent pricing

    • Price pressure is decreased as the fall in energy prices

    • Representatives of business, "cautiously optimistic" about future conditions

    • In many districts marked by slower growth in retail spending

    • In many districts noted a high activity in the tourism, travel

    • Scope of nonfinancial services remained stable

    • Mortgage lending increased in most districts

    • Drought hurt some districts

    • Hot summer weather has reduced retail sales in some regions

    • Tourist activity is high throughout the country, including New York, Florida

    • The drought hurt farmers in the plains states

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