Real disposable personal income (DPI) is an important driver of demand for housing and news of continuing increases are welcome by real estate investors watching the market.
US real DPI increased for third month in a row in November 2009, according to data released by the Bureau of Economic Analysis (BEA).
In particular, US disposable personal income increased 0.5% in nominal terms and 0.2% in real terms in November 2009, following a similar nominal and real increase in October.
US real disposable personal income had registered an increase of 0.2% in September 2009 as well, after remaining flat in July and August.
According to the BEA data, real personal consumption expenditures increased also in November 2009 by 0.2% following an increase of 0.4% in October and a drop of 0.7% in September.
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