Personal Income: Personal income in May 2010 increased 0.4% from April 2010. Real personal consumption expenditures (PCE) increased 0.3% and real disposable personal income (DPI) rose 0.5%. The personal savings rate as a percentage of DPI was 4.0% in May.
Gross Domestic Product: Real gross domestic product (GDP) grew at an annual rate of 2.7% in the first quarter of 2010, following an increase of 5.6% in the fourth quarter of 2009.
New Residential Sales: Sales of new single-family houses were 32.7 percent below the revised April 2010 rate and 18.3 percent below the rate in May 2009.
New Residential Construction: Building permits in May 2010 were 574,000, a decrease of 5.9% from April, but 4.4% above the May 2009 estimate. Housing starts declined 10.0% from the prior month, to 593,000. This was 7.8% above the May 2009 level.
Data supplied by the Economic and Statistics Administration