Weekly Economic & Financial Commentary: The Beige Book Paints a Clouded Outlook

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Weekly Economic & Financial Commentary: The Beige Book Paints a Clouded Outlook

Summary United States: Higher Mortgage Rates Begin to Bite The sharp rise in mortgage rates appears to be slowing residential activity. Existing home sales fell 2.7% during March. Housing starts inched up 0.3% during March. However, single-family starts declined 1.7% during the month and single-family permits dropped 4.8%. The NAHB index fell two points to […]

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