Pockets of strength push US housing market rebound

(Reuters) - The tide is turning in some parts of the long suffering U.S. housing market, with several regions, such as hard hit California, showing signs of life.

DJ CME Lumber Review: May Ends Limit-Up After Economic Reports

The May contract settled $10.00 per 1,000 board feet, or 5.98%, higher at $177.30, while July ended $8.00, or 4.53%, higher at $184.50. The September contract was up $8.50, or 4.51%, at $196.90.

Housing tax credits clear Georgia Senate

Under the legislation, which originated in the House, home purchasers would receive income-tax credits of up to $3,600, or $1,200 for each of three years. To qualify, homeowners would have to apply for the credit within six months of the date the governor signs the measure.

New-Home Sales in U.S. Rose 4.7% to a 337,000 Pace

Sales increased 4.7 percent to an annual pace of 337,000 after a 322,000 rate in January

Existing-home sales rose 5 percent in Feb.

Biggest jump in more than five years

DJ CME Lumber Review: Light Trading Leaves Prices Mixed

The May contract settled down $1.90 per 1,000 board feet, or 1.13%, at $165.60, while July ended $1.10 lower at $175.40. The September contract was off $0.30 at $186.50.

Could the Housing Market Be at a Bottom?

The adjustment down for home sales has been nothing short of unbelievable but has it been enough? Just maybe.