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Beige Book: Little Change in Economic Growth Since Last Period
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You're Now Reading:
Beige Book: Little Change in Economic Growth Since Last Period
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Beige Book: Little Change in Economic Growth Since Last Period
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March 1, 2012 (Chris Moore)

Overall economic activity continued to expand at a modest to moderate pace in all Federal Reserve Districts according to the latest edition of the Beige Book released by the Federal Reserve covering economic activity from January through early February.

The Cleveland, Chicago, Kansas City, Dallas, and San Francisco Districts described activity as expanding at a moderate pace while St. Louis described activity in their District as modest. The New York District reported that the pace of expansion had slowed while the Boston and Richmond Districts described activity as expanding and improving.

Manufacturing continued to show improved strength, especially in auto-related industries. Other industries that reported expansion in manufacturing were in information technology equipment, primary metals manufacturing and steel while some districts reported decreased activity in chemical and paper manufacturing and in the manufacturing of household goods and building materials.

Residential real estate construction activity remained at low levels with the exception of multi-family construction. Single-family home construction remained weak with St. Louis reporting a decline in construction while Cleveland experienced a decline in construction following the up-tick in activity at the end of last year.

An increase in construction of multi-family residences was reported in the Boston, Atlanta, Chicago, Minneapolis, Dallas, and San Francisco Districts.

Boston, Cleveland, Richmond, Atlanta, Kansas City, and Dallas reported improved home sales while the Philadelphia District reported they experienced strong residential sales activity. New York reported steady to slightly softer home sales while St. Louis reported home sales declined, and in San Francisco, home demand remained at low levels.

Several Districts had an optimistic view of future home sales with Boston, Philadelphia, Atlanta, and Dallas reporting they expected home sales to improve in their Districts.

Three Districts, New York, Richmond, and Kansas City, reported increased demand or continued strength for residential mortgage loans while mortgage demand in St. Louis was flat to moderately stronger and Kansas City reported demand for mortgage loans had softened.

Credit standards and quality were largely unchanged across the Districts with stable or improving loan quality reported in Philadelphia, St. Louis and Kansas City. San Francisco and Richmond noted that lending standards had remained restrictive in their Districts.

Tags: Federal Reserve, Beige Book, housing market, real estate markets, single family homes, multifamily market, construction activity

Source:
Federal Reserve

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Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
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Calculator
Mortgage
Rates

March 1, 2012 (Chris Moore)

Overall economic activity continued to expand at a modest to moderate pace in all Federal Reserve Districts according to the latest edition of the Beige Book released by the Federal Reserve covering economic activity from January through early February.

The Cleveland, Chicago, Kansas City, Dallas, and San Francisco Districts described activity as expanding at a moderate pace while St. Louis described activity in their District as modest. The New York District reported that the pace of expansion had slowed while the Boston and Richmond Districts described activity as expanding and improving.

Manufacturing continued to show improved strength, especially in auto-related industries. Other industries that reported expansion in manufacturing were in information technology equipment, primary metals manufacturing and steel while some districts reported decreased activity in chemical and paper manufacturing and in the manufacturing of household goods and building materials.

Residential real estate construction activity remained at low levels with the exception of multi-family construction. Single-family home construction remained weak with St. Louis reporting a decline in construction while Cleveland experienced a decline in construction following the up-tick in activity at the end of last year.

An increase in construction of multi-family residences was reported in the Boston, Atlanta, Chicago, Minneapolis, Dallas, and San Francisco Districts.

Boston, Cleveland, Richmond, Atlanta, Kansas City, and Dallas reported improved home sales while the Philadelphia District reported they experienced strong residential sales activity. New York reported steady to slightly softer home sales while St. Louis reported home sales declined, and in San Francisco, home demand remained at low levels.

Several Districts had an optimistic view of future home sales with Boston, Philadelphia, Atlanta, and Dallas reporting they expected home sales to improve in their Districts.

Three Districts, New York, Richmond, and Kansas City, reported increased demand or continued strength for residential mortgage loans while mortgage demand in St. Louis was flat to moderately stronger and Kansas City reported demand for mortgage loans had softened.

Credit standards and quality were largely unchanged across the Districts with stable or improving loan quality reported in Philadelphia, St. Louis and Kansas City. San Francisco and Richmond noted that lending standards had remained restrictive in their Districts.

Tags: Federal Reserve, Beige Book, housing market, real estate markets, single family homes, multifamily market, construction activity

Source:
Federal Reserve

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

March 1, 2012 (Chris Moore)

Overall economic activity continued to expand at a modest to moderate pace in all Federal Reserve Districts according to the latest edition of the Beige Book released by the Federal Reserve covering economic activity from January through early February.

The Cleveland, Chicago, Kansas City, Dallas, and San Francisco Districts described activity as expanding at a moderate pace while St. Louis described activity in their District as modest. The New York District reported that the pace of expansion had slowed while the Boston and Richmond Districts described activity as expanding and improving.

Manufacturing continued to show improved strength, especially in auto-related industries. Other industries that reported expansion in manufacturing were in information technology equipment, primary metals manufacturing and steel while some districts reported decreased activity in chemical and paper manufacturing and in the manufacturing of household goods and building materials.

Residential real estate construction activity remained at low levels with the exception of multi-family construction. Single-family home construction remained weak with St. Louis reporting a decline in construction while Cleveland experienced a decline in construction following the up-tick in activity at the end of last year.

An increase in construction of multi-family residences was reported in the Boston, Atlanta, Chicago, Minneapolis, Dallas, and San Francisco Districts.

Boston, Cleveland, Richmond, Atlanta, Kansas City, and Dallas reported improved home sales while the Philadelphia District reported they experienced strong residential sales activity. New York reported steady to slightly softer home sales while St. Louis reported home sales declined, and in San Francisco, home demand remained at low levels.

Several Districts had an optimistic view of future home sales with Boston, Philadelphia, Atlanta, and Dallas reporting they expected home sales to improve in their Districts.

Three Districts, New York, Richmond, and Kansas City, reported increased demand or continued strength for residential mortgage loans while mortgage demand in St. Louis was flat to moderately stronger and Kansas City reported demand for mortgage loans had softened.

Credit standards and quality were largely unchanged across the Districts with stable or improving loan quality reported in Philadelphia, St. Louis and Kansas City. San Francisco and Richmond noted that lending standards had remained restrictive in their Districts.

Tags: Federal Reserve, Beige Book, housing market, real estate markets, single family homes, multifamily market, construction activity

Source:
Federal Reserve

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.