Fed's 'Beige Book' offers snapshot of housing markets 

Reports from the nation's 12 Federal Reserve banks show continuing weakness in residential real estate and construction, with most districts characterizing housing markets as soft or weak, and no districts reporting an increase in new home construction.

The latest "Beige Book" report -- a summary of comments the Federal Reserve has received from businesses including real estate firms and mortgage bankers -- provides anecdotes and observations that go beyond statistics in describing market c

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