Home sales, construction spending stabilize - Puget Sound Business Journal (Seattle):

http://www.cd-rom-advisor.com/article/V-V--Correcting-the-fault-lines-of-capitalism.html
Pending home sales rose 3.2 percent in due in large partto first-time buyers takinyg advantage of affordable home prices, according to the . Constructionh spending increased 0.3 percent, accordingg to the U.S. Department of Commerce. Public construction (1.1 and private construction (0.1 percent) both The Pending Home Sale s Index published by the National Association of Realtors increasedfto 84.6 in March, up from February's levelo of 82.0. March's figure is also 1.1 percent highere than the same period in when itwas 83.7. Lawrence Yun, the group' s chief economist, said in a statemeny it would probablytake "a few months" for the marketr to gain momentum.
“W need several months of sustained growthg to demonstrate a recoveryin housing, which is necessary for the overalll economy to turn around,” Yun said. The indexz was up 3.9 percent in the West and 8.5 percentg in the South. It fell 5.7 percen in the Northeast and 1 percent inthe Midwest. The Pendiny Home Sales Index isa forward-looking indicatoe based on home sales contracts signed in March, basically the numbef of home sales in progress.