More Good Economic News: Pending Home Sales Up Again In March 2009

Pending Sales Up In March
Sales (pending) of previously owned homes increased in March 2009 for the second month and construction spending also increased slightly. The reports were the latest that support views that the Great Recession was near its end.

National Association of Realtors (NAR)
The NAR's Pending Home Sales Index for March 2009 increased 3.2% to 84.6 as first-time home buyers entered the market. The U.S. Commerce Department indicated that construction spending increased 0.3 percent in March 2009, which was the first increase in six months. The pending home sales report adds to the mounting evidence that sales of existing homes have reached a bottom.