by Calculated Risk on 3/15/2006 07:21:00 PM

The Federal Reserve released the Beige Book today.

Most Districts said that residential construction and real estate activity slowed from high levels ...

Here are some more housing related quotes:

Boston:

A couple of companies mention that a softening housing market may cause some erosion in demand for housing-related and other products this year.

New York:

The Second District's economy continued to expand at a good pace, on average, across sectors in the first two months of 2006, though housing and consumer lending have softened.
...
The region's housing market was mixed but, on balance, softer in early 2006. New Jersey homebuilders report a growing inventory of homes at the higher end of the market. The number of transactions has been well below comparable 2005 levels, selling prices have been basically flat since last autumn, and builders are offering more concessions.

Richmond:

Fifth District economic growth moderated in January and February as the pace of retail and housing activity slowed. ... Housing markets continued to cool; real estate agents told us that home sales slowed and noted that properties for sale were staying on the market longer. In the financial sector, bank lending expanded at a more moderate pace as growth in residential mortgage lending tapered off.

Altanta:

Real estate contacts noted further slowing in several housing markets ...

Dallas:

Contacts in both the construction and manufacturing sector are keeping their eyes on the housing market with optimistic trepidation. At this point there is little evidence that slowing in other housing markets has spread to this region.

San Francisco:

Activity in residential real estate markets continued at high levels but showed further evidence of softening in some areas. The pace of home construction and sales was rapid in general, and sales prices held steady or increased in most areas. However, a decline in the pace of home sales and slowdowns in other indicators reflect significant cooling in some previously hot markets, notably in Hawaii, Arizona, and parts of California.