Fed: Economy in Louisville region remains weak - Business First of Louisville:

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Retail sales in April and the first half of May were down acrosssthe district, on average, from their year-earlier with about 56 percent of retailers surveyed reporting decrease s and 40 percent seeing increases. Year-to-date home salees through April were down 26 percengt in Louisville when compared with the same periodin 2008. Single-familyh residential building permits declined by 46 percentt over the same period ayear First-quarter 2009 industrial vacancy rates held steady in the Louisvill e area, as did suburban office vacancyh rates. Commercial-construction contacts throughoutthe St.
Louisx district reported that credit conditions are stiflintgnew projects, and industrial-constructiom contacts reported that the effectsw of the recession are just now hittinhg home, as backlogs have dried up and more projectsd are being put on hold.