Dallas San Francisco Full report The pulse of the Ninth District economy continues strong. With the exception of natural resource-based businesses, most district firms are having a good year.
Prices are generally stable, with a few exceptions.
Signs of wage increases are evident as the region's businesses continue to cope with labor shortages. Construction and Real Estate Construction continues to provide momentum. In homebuilding, housing units authorized increased in all district states, except Montana, for the three-month period ending in June compared with a year earlier. A major Minneapolis property developer claims that the real estate market will remain healthy, but cautions that certain property types and regions within the area might see higher vacancy rates as new space becomes available. Consumer Spending and Tourism Consumers and tourists continue to provide considerable thrust to the district economy.