Personal income increased 0.4%, or $95.7 billion, in August, the Commerce Department said. The personal savings rate — a percentage of disposable personal income — was 4.6%. Meanwhile, personal consumption expenditures increased 0.6%, or $129.2 billion.
ABA DataBank: Continued weakness in May housing starts
Continued low construction activity could further reduce demand for construction loans. With building permits coming in only slightly below April’s rate, May’s sharp decline in housing starts could just be a temporary setback.









