The Federal Reserve Bank in Washington DC

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.

The Beige Book also reported that there were scattered reports of companies successfully passing through prices increases to customers in certain industries including construction, manufacturing and transportation but in general businesses are anticipating further price increases in the months ahead, particularly for steel and building materials.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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