Commentary on Current Economic Conditions by Federal Reserve

PRLog (Press Release) - Mar. 2, 2011 - Homebuilders reported slow growth in new home sales for January and early February, while buyer traffic weakened compared with late last year.

Residential brokers in the District indicated that existing home sales remained at low levels in January and early February. However, brokers noted that sales exceeded the year earlier level, largely driven by gains in Florida.

To read the full Beige Book, which is a summary of all the 12 District Federal Reserve Banks to to this link:

http://www.federalreserve.gov/fomc/beigebook/2011/20110302/FullReport.htm