Likewise, trucking industry contacts report that large carriers will probably push through a 4 to 5 percent increase in transportation costs. In general, firms in the trade sector were more upbeat, while those in construction and finance were somewhat less upbeat. A similar survey conducted a year ago indicated more optimism among small businesses. Real Estate and Construction Residential real estate markets remain strong in most parts of the District, with sales of both new and existing homes up slightly. Monthly residential construction permits in November, however, were down in all 12 District metropolitan areas.
Commercial construction is strong all around the District.
Some commercial real estate agents have noticed a weakening in the apartment and industrial markets in the southern parts of the District, however. Banking and Finance Total loans outstanding at 11 large District banks rose 1.1 percent during the last two months of 1996. In contrast, total loans increased 0.1 percent in September and October and declined 0.1 percent during the last two months of 1995. All categories of loans showed increases, with consumer loans posting the largest increase, 1.9 percent. Total deposits rose 0.5 percent in November and December.