July 14, 2016
The Federal Reserve’s most recent Beige Book, released July 13, showed economic activity modestly expanding throughout most of the 12 Fed Districts. On the commercial real estate front, sales and leasing activities remained stable or improved across the board.
Some specifics: the Fed pointed out that New York, Richmond and Dallas reported improving industrial real estate markets overall, with office and multifamily market conditions mixed nationwide. Commercial construction activity increased in New York and Cleveland.
From the economic standpoint, employment continued to grow modestly. Consumer spending was generally positive, but is showing signs of softening.
The Beige Book was released ahead of the Fed’s next policy meeting on July 26-27. Data is prepared at the Federal Reserve Bank of St. Louis, based on information collected before July 1, 2016.