- Construction spending was up .3% in March, compared to an expected decrease of 1.5%.
- Pending home sales were up 3.2% after a record low in January.
Tuesday, May 5, 2009
Analysts Say the Steep Slide in New Home Sales Appears to be Bottoming Out
On Monday, hopes that the recession is beginning to ease got a boost when reports were released showing that construction spending and pending home sales were better than expected in March.
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