• Economic measures that include the inventory of unsold existing homes, new home starts and house vacancy rates all appear to point north for the housing market in the U.S.
• The inventory of unsold existing homes is finally at about a normal six-months level, and builders started 26% more houses in May than they had the year before.
• When The Wall Street Journal surveyed economists about what they see in the housing market, they voted 44-3 that we've seen the bottom.

From the article:

The housing market has turned—at last.

The U.S. finally has moved beyond attention-grabbing predictions from housing