{"id":1004100668,"date":"2014-07-17T05:50:04","date_gmt":"2014-07-17T13:50:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004100668"},"modified":"2022-12-08T20:01:52","modified_gmt":"2022-12-09T04:01:52","slug":"economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\/","title":{"rendered":"Economy Watch: Beige Book: Economy Still Growing; Homebuilders Optimistic Again; Industrial Production Edges Up"},"content":{"rendered":"

By Dees Stribling, Contributing Edito<\/em>r<\/p>\n

According to the latest Beige Book, which was released by the Federal Reserve on Wednesday, all 12 Federal Reserve Districts reported expanding economic activity. Most of the districts characterized growth as \u201cmoderate,\u201d but some said it was \u201cmodest.\u201d In any case, most districts were optimistic about growth.<\/p>\n

The districts were even more optimistic about real estate. Residential construction activity increased across the districts, with only St. Louis and Minneapolis (most of the Midwest, in other words) reporting a decline in overall activity. Home prices continued to rise in most places, especially within urban areas, but the San Francisco district noted a slightly slower pace of home price appreciation.<\/p>\n

As for commercial real estate activity, the Dallas District \u2013 that\u2019s mostly Texas —\u00a0 indicated strong overall commercial real estate construction activity, while the Cleveland and Atlanta districts reported increased commercial construction activity compared to a year ago, and other districts noted gains since the previous survey period. Industrial real estate construction and leasing activity was strong in the Philadelphia and Chicago districts.<\/p>\n

Homebuilders Optimistic Again\u00a0<\/strong><\/p>\n

Builder confidence in the market for single-family homes rose four points to 53 on the National Association of Home Builders\/Wells Fargo Housing Market Index, which was released by the NAHB on Wednesday. A reading over 50 indicates that more builders view sales conditions as good than poor.<\/p>\n

All three index components posted gains in July. The component gauging current sales conditions increased four points to 57, while the one measuring expectations for future sales rose six points to 64. The component tracking traffic of prospective buyers, while still low, increased three points to 39. Overall, the index measures builder perceptions of current single-family home sales and sales expectations for the next six months as \u201cgood,\u201d \u201cfair\u201d or \u201cpoor.\u201d The survey also asks builders to rate traffic of prospective buyers as \u201chigh to very high,\u201d \u201caverage\u201d or \u201clow to very low.\u201d<\/p>\n

\u201cAn improving job market goes hand-in-hand with a rise in builder confidence,\u201d NAHB chief economist David Crowe noted in a statement. \u201cAs employment increases and those with jobs feel more secure about their own economic situation, they are more likely to feel comfortable about buying a home.\u201d<\/p>\n

Industrial Production Edges Up\u00a0<\/strong><\/p>\n

Apart from the Beige Book, the Federal Reserve said on Wednesday that U.S.\u00a0industrial production increased 0.2 percent in June and advanced at an annualized rate of 5.5 percent in the second quarter of 2014. In June, manufacturing output edged up 0.1 percent for its fifth consecutive monthly gain, while the production at mines moved up 0.8 percent and the output of utilities dropped 0.3 percent.<\/p>\n

Wall Street bounced upward on Wednesday, with the Dow Jones Industrial Average up 77.52 points, or 0.45 percent. The S&P 500 advanced 0.42 percent and the Nasdaq gained 0.22 percent.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

According to the latest Beige Book, all 12 Federal Reserve Districts reported expanding economic activity. Builder confidence in the market for single-family homes rose four points. And U.S. industrial production increased 0.2 percent in June.<\/p>\n","protected":false},"author":952,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004100668","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"\nEconomy Watch: Beige Book: Economy Still Growing; Homebuilders Optimistic Again; Industrial Production Edges Up - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Beige Book: Economy Still Growing; Homebuilders Optimistic Again; Industrial Production Edges Up\" \/>\n<meta property=\"og:description\" content=\"According to the latest Beige Book, all 12 Federal Reserve Districts reported expanding economic activity. Builder confidence in the market for single-family homes rose four points. And U.S. industrial production increased 0.2 percent in June.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-07-17T13:50:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:01:52+00:00\" \/>\n<meta name=\"author\" content=\"Anna Spiewak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\\\/\"},\"author\":{\"name\":\"Anna Spiewak\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1bbb99675c2609ea2e6792f8b25d7b76\"},\"headline\":\"Economy Watch: Beige Book: Economy Still Growing; Homebuilders Optimistic Again; Industrial Production Edges Up\",\"datePublished\":\"2014-07-17T13:50:04+00:00\",\"dateModified\":\"2022-12-09T04:01:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\\\/\"},\"wordCount\":468,\"commentCount\":0,\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\\\/\",\"name\":\"Economy Watch: Beige Book: Economy Still Growing; Homebuilders Optimistic Again; Industrial Production Edges Up - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"datePublished\":\"2014-07-17T13:50:04+00:00\",\"dateModified\":\"2022-12-09T04:01:52+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1bbb99675c2609ea2e6792f8b25d7b76\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economy Watch: Beige Book: Economy Still Growing; Homebuilders Optimistic Again; Industrial Production Edges Up\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1bbb99675c2609ea2e6792f8b25d7b76\",\"name\":\"Anna Spiewak\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ca81c045f3cbec45b685f13082ecf7d9870a1909fe3ec2d4d15b1dea4897f406?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ca81c045f3cbec45b685f13082ecf7d9870a1909fe3ec2d4d15b1dea4897f406?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ca81c045f3cbec45b685f13082ecf7d9870a1909fe3ec2d4d15b1dea4897f406?s=96&d=mm&r=g\",\"caption\":\"Anna Spiewak\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/annaspiewak\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Economy Watch: Beige Book: Economy Still Growing; Homebuilders Optimistic Again; Industrial Production Edges Up - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\/","og_locale":"en_US","og_type":"article","og_title":"Economy Watch: Beige Book: Economy Still Growing; Homebuilders Optimistic Again; Industrial Production Edges Up","og_description":"According to the latest Beige Book, all 12 Federal Reserve Districts reported expanding economic activity. Builder confidence in the market for single-family homes rose four points. And U.S. industrial production increased 0.2 percent in June.","og_url":"https:\/\/www.commercialsearch.com\/news\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-07-17T13:50:04+00:00","article_modified_time":"2022-12-09T04:01:52+00:00","author":"Anna Spiewak","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\/"},"author":{"name":"Anna Spiewak","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1bbb99675c2609ea2e6792f8b25d7b76"},"headline":"Economy Watch: Beige Book: Economy Still Growing; Homebuilders Optimistic Again; Industrial Production Edges Up","datePublished":"2014-07-17T13:50:04+00:00","dateModified":"2022-12-09T04:01:52+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\/"},"wordCount":468,"commentCount":0,"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\/","url":"https:\/\/www.commercialsearch.com\/news\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\/","name":"Economy Watch: Beige Book: Economy Still Growing; Homebuilders Optimistic Again; Industrial Production Edges Up - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"datePublished":"2014-07-17T13:50:04+00:00","dateModified":"2022-12-09T04:01:52+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1bbb99675c2609ea2e6792f8b25d7b76"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-beige-book-economy-still-growing-homebuilders-optimistic-again-industrial-production-edges-up\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Economy Watch: Beige Book: Economy Still Growing; Homebuilders Optimistic Again; Industrial Production Edges Up"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1bbb99675c2609ea2e6792f8b25d7b76","name":"Anna Spiewak","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/ca81c045f3cbec45b685f13082ecf7d9870a1909fe3ec2d4d15b1dea4897f406?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/ca81c045f3cbec45b685f13082ecf7d9870a1909fe3ec2d4d15b1dea4897f406?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ca81c045f3cbec45b685f13082ecf7d9870a1909fe3ec2d4d15b1dea4897f406?s=96&d=mm&r=g","caption":"Anna Spiewak"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/annaspiewak\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004100668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/952"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004100668"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004100668\/revisions"}],"predecessor-version":[{"id":1004629197,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004100668\/revisions\/1004629197"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004100668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004100668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004100668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}