{"id":1004189755,"date":"2017-09-07T04:48:13","date_gmt":"2017-09-07T12:48:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004189755"},"modified":"2022-12-07T13:39:22","modified_gmt":"2022-12-07T21:39:22","slug":"economy-watch-residential-commercial-activity-up-a-bit-says-beige-book","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-residential-commercial-activity-up-a-bit-says-beige-book\/","title":{"rendered":"Economy Watch: Residential, Commercial Activity Up a Bit, Says Beige Book"},"content":{"rendered":"<p>By D.C. Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004141013\" style=\"width: 278px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/construction-photo-e1462366844294.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004141013\" data-attachment-id=\"1004141013\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-edges-downward\/construction-photo\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/construction-photo-e1462366844294.jpg\" data-orig-size=\"798,893\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"construction photo\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Coutesy of Elvert Barnes via Wikimedia Commons&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/construction-photo-e1462366844294.jpg?w=798\" class=\"wp-image-1004141013 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/construction-photo-e1462366844294.jpg\" alt=\"Coutesy of Elvert Barnes via Wikimedia Commons\" width=\"268\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/construction-photo-e1462366844294.jpg 798w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/construction-photo-e1462366844294.jpg?resize=268,300 268w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/construction-photo-e1462366844294.jpg?resize=768,859 768w\" sizes=\"auto, (max-width: 268px) 100vw, 268px\" \/><\/a><p id=\"caption-attachment-1004141013\" class=\"wp-caption-text\">Coutesy of Elvert Barnes via Wikimedia Commons<\/p><\/div>\n<p>Economic activity expanded at a &#8220;modest to moderate&#8221; pace across all 12 Federal Reserve Districts in July and August, according to the latest edition of the Federal Reserve&#8217;s Beige Book. <a href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-consumer-confidence-buoyant-in-august\/\">Consumer spending increased<\/a> in most districts, with gains reported for non-auto retail sales and tourism, and\u00a0mixed results for vehicle sales.<\/p>\n<p>Both residential and commercial construction increased slightly overall, the Fed said. Low inventories of homes for sale continued to weigh on residential real estate activity across the country, while commercial real estate activity increased slightly.<\/p>\n<h2>Labor shortages<\/h2>\n<p>Capital spending also increased in several districts. Manufacturing activity expanded modestly, though reports were mixed regarding auto production. Contacts in many districts expressed concerns about a prolonged slowdown in the auto industry.<\/p>\n<p>Employment growth slowed in some places, ranging from a slight to a modest rate decrease in most districts, yet labor markets were widely characterized as &#8220;tight.&#8221; There were reports of worker shortages in numerous industries, most notably in manufacturing and construction. Firms in the Atlanta, St. Louis and Minneapolis districts said they had turned down business because they couldn&#8217;t find the necessary workers.<\/p>\n<p>Hurricane Harvey created broad disruptions to economic activity along the Gulf Coast in the Dallas and Atlanta Districts, although it was too soon to gauge the full extent of the impact, the Beige Book also noted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Construction activity picked up slightly in the residential and commercial real estate industries across the 12 Federal Reserve Districts, the latest Beige Book reported. <\/p>\n","protected":false},"author":1023,"featured_media":1004141013,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[32939,32815,32765],"class_list":["post-1004189755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","tag-beige-book","tag-consumer-spending","tag-the-federal-reserve-system"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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