Dive summary:

• The latest Federal Reserve System Beige Book – a summary of economic data from across the system's regions – was issued this week and generally has good things to say about residential building and real estate transactions in housing.
• The regions reported that construction and sales in residential real estate saw moderate to strong improvement since the previous report, roughly a month and a half earlier.
• One region where there was some down news was the reserve bank of Cleveland, where single-family residential sales were down from the previous report, though still ahead of the previous year's mark.

From the article:

Residential real estate activity increased at a moderate to strong pace in all districts due to home price increases. ...