{"id":1004149429,"date":"2016-08-03T05:54:35","date_gmt":"2016-08-03T13:54:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004149429"},"modified":"2022-11-25T20:57:05","modified_gmt":"2022-11-26T04:57:05","slug":"economy-watch-income-spending-up-for-americans-in-july","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-income-spending-up-for-americans-in-july\/","title":{"rendered":"Economy Watch: Income, Spending Up for Americans in July"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004149431\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/BEA-Personal-income-0616.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004149431\" data-attachment-id=\"1004149431\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-income-spending-up-for-americans-in-july\/bea-personal-income-0616\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/BEA-Personal-income-0616.jpg\" data-orig-size=\"607,244\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Samantha Goldberg&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1470216165&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"BEA Personal income 0616\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;National Income and Product Accounts Personal Income and Outlays, June 2016&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/BEA-Personal-income-0616.jpg?w=607\" class=\"size-medium wp-image-1004149431\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/BEA-Personal-income-0616.jpg\" alt=\"National Income and Product Accounts Personal Income and Outlays, June 2016\" width=\"300\" height=\"121\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/BEA-Personal-income-0616.jpg 607w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/BEA-Personal-income-0616.jpg?resize=300,121 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004149431\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.bea.gov\/newsreleases\/national\/pi\/2016\/pdf\/pi0616.pdf\" target=\"_blank\" rel=\"noopener\">Bureau of Economic Analysis, National Income and Product Accounts Personal Income and Outlays, June 2016<\/a><\/p><\/div>\n<p>Are lenders a bit nervous about the direction of commercial real estate? Possibly. The Federal Reserve reported on Tuesday its <a href=\"https:\/\/www.federalreserve.gov\/boarddocs\/snloansurvey\/201608\/fullreport.pdf\" target=\"_blank\" rel=\"noopener\">second-quarter\u00a0survey of lenders found<\/a> that, on balance, banks tightened their standards on commercial and industrial (business) loans, as well as commercial real estate loans. Standards for residential mortgages didn&#8217;t change much.<\/p>\n<p>The survey (formally called the July 2016 Senior Loan Officer Opinion Survey on Bank Lending Practices) also found that while demand for business loans was little changed over the quarter, demand for CRE loans strengthened during the second quarter. Developers still want to be in the game, in other words, but lenders aren&#8217;t quite as gung-ho.<\/p>\n<p>Separately, there was news on Tuesday that retailers and their landlords always like to hear: Personal income increased $29.3 billion (0.2 percent) in June, according to <a href=\"https:\/\/www.bea.gov\/newsreleases\/national\/pi\/2016\/pdf\/pi0616.pdf\" target=\"_blank\" rel=\"noopener\">the Bureau of Economic Analysis<\/a>. Disposable personal income\u2014the best kind, which you can go out and spend right away\u2014increased $24.6 billion (also 0.2 percent). And spend Americans did: personal consumption expenditures (PCE), as the government calls it, increased $53 billion (0.4 percent) for the month.<\/p>\n<p>Real PCE, a metric that takes into account the still-low level of inflation, increased 0.3 percent for the month, noted the BEA. The PCE price index (a measurement of inflation) increased 0.1 percent. Excluding food and energy, the PCE price index also increased 0.1 percent. In short, inflation&#8217;s mostly tame.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Personal income increased in June, which is good news for retailers and their landlords. <\/p>\n","protected":false},"author":1023,"featured_media":1004149431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[],"class_list":["post-1004149429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: Income, Spending Up for Americans in July - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-income-spending-up-for-americans-in-july\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Income, Spending Up for Americans in July\" \/>\n<meta property=\"og:description\" content=\"Personal income increased in June, which is good news for retailers and their landlords.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-income-spending-up-for-americans-in-july\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-03T13:54:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-26T04:57:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/BEA-Personal-income-0616.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"607\" \/>\n\t<meta property=\"og:image:height\" content=\"244\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-income-spending-up-for-americans-in-july\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-income-spending-up-for-americans-in-july\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Income, Spending Up for Americans in July\",\"datePublished\":\"2016-08-03T13:54:35+00:00\",\"dateModified\":\"2022-11-26T04:57:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-income-spending-up-for-americans-in-july\\\/\"},\"wordCount\":260,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-income-spending-up-for-americans-in-july\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/08\\\/BEA-Personal-income-0616.jpg\",\"articleSection\":[\"National\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-income-spending-up-for-americans-in-july\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-income-spending-up-for-americans-in-july\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-income-spending-up-for-americans-in-july\\\/\",\"name\":\"Economy Watch: Income, Spending Up for Americans in July - 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