CRE Activity Is Up In Fed’s Latest Beige Book
WASHINGTON, DC–The Federal Reserve Bank’s latest Beige Book report offers a mixed-bag of observations for the commercial real estate sector. On one hand, it finds that commercial real estate activity and construction have improved since its last report in March. On the other, though, the report notes there are widespread reports that steel prices have risen “sometimes dramatically” because of the new tariff. At the same time, prices for building materials continued to rise briskly, especially for lumber, drywall, and concrete, it said.