Pending Homes Sales and construction spending in March Boosted Stock Market

--pending sales of u.s existing homes posted their first back-to-back gain in almost a year in March and construction spending ended a six-month slide, spurring a rally in stocks --the number of Americans signing contracts to buy previously owned homes jumped 2.2% after 2% gain in Februray --Construtction spendign unexpectedly rose 0.3% as gains in commercial and government projects pumped a continued slide in homebuilding. --Pending resales are consider as leading indicator because they track contract signings. --the decline in home prices in 20 major US cities slowed during Februray fort the first time since 2007, based on S&P/Case-Shiller index on April 28.