The April Beige E-book from the Federal Reserve says that “financial exercise was little modified” of late. 9 districts mentioned issues had been roughly flat whereas three noticed modest progress. Future progress expectations in most continued as they’d been, though a pair noticed deterioration.
However on the finance aspect, and for CRE, issues had been a bit lower than laissez-faire. “Nonresidential building was little modified whereas gross sales and leasing exercise was usually flat to down,” the report mentioned. “Lending volumes and mortgage demand usually declined throughout shopper and enterprise mortgage varieties. A number of Districts famous that banks tightened lending requirements amid elevated uncertainty and considerations about liquidity.”
