The FED Said “Location, location, location” is a truism associated with residential real estate. What we’re hearing from our construction contacts could be another sort of truism: “Labor, lumber, lots.” They are referring to the ongoing tight labor market in the construction trades, the skyrocketing price of lumber, and the difficulty of obtaining lots on […] Read more
The FED Said Some of the most important forces that have molded Miami, economically and otherwise, emanated from outside Florida and even the United States. The evolution that largely produced today’s south Florida metropolis began 60 years ago. When Communists seized power in Cuba in 1959, a wave of exiles fled north, beginning a continuing […] Read more
The FED Said Federal Reserve Bank of Atlanta Summary of Economic Activity Reports from Sixth District business contacts described economic conditions as expanding at a moderate pace since the previous report. The majority of contacts are optimistic and expect the pace to continue for the remainder of the year. The labor market remained tight amid […] Read more
The FED Said As businesses in the Southeast struggle to fill low-skill jobs, some firms say they plan to move to places with larger pools of available workers, according to the Federal Reserve Bank of Atlanta’s new Beige Book report on regional economic conditions. Atlanta Fed business contacts report that overall economic activity continued to expand moderately […] Read more
The FED Said (Federal Reserve System) Overall US Economic Activity Economic activity continued to expand across the United States, with 10 of the 12 Federal Reserve Districts reporting moderate or modest growth. The outliers were the Dallas District, which reported strong growth driven in part by the energy sector, and the St. Louis District where […] Read more
The Fed Said The Federal Reserve Bank of Atlanta Across the Southeast, consumer spending is up, and companies continue to have trouble finding qualified workers. Those are some of the findings from the latest Beige Book of economic conditions. Most businesses expect increased activity in the second part of this year despite some uncertainty related to […] Read more
The FED Said A sleek housing complex is rising in Chamblee, Georgia. Nothing new there. Nearly 1,000 apartment and condominium buildings have been permitted in the past five years in metropolitan Atlanta, according to the U.S. Census Bureau. But the one in Chamblee is unusual. The Senior Residences at Mercy Park is a collaboration between […] Read more
Federal Reserve Bank of Atlanta Summary of Economic Activity Aside from hurricane effects, Sixth District business contacts described economic conditions as improving at a modest pace from mid-August through September. The outlook among firms remained optimistic with the majority of contacts expecting growth to be slightly above current levels for the remainder of the year. […] Read more
Did Harvey Influence the Housing Market? The August housing and construction data are starting to trickle in. So far, the data tell us that residential investment could be a drag on third-quarter gross domestic product growth. They also tell us that U.S. existing home sales were down slightly (-1.65 percent) from the month-earlier level but flat […] Read more
Summary of Economic Activity According to reports from businesses across the Sixth District, economic activity expanded at a modest pace from July through mid-August. The outlook among contacts remains optimistic as most expect slow and steady growth over the remainder of the year. Businesses reported continued tightness in the labor market, though wage growth remained […] Read more
Tampa Bay has biggest home sale month in 7 years – Tampa Business News – Local Tampa News | The Tampa Bay Business Journal New data from the My Florida Multiple Listing Service shows more homes were sold i… Apr 12, 2013 7:37 AM New data from the My Florida Multiple Listing Service shows more homes were […] Read more