Government report says initial construction of U.S. homes rose to an annual rate of 582,000 units last month.

Some more indications of stability in the housing market reported today on CNN. The rate of new construction better than expected. With the low end homes seeing high demand, and now new construction numbers pointing up, looks like we've bottomed out barring another flood of foreclosures that some expect in January of 2010. New construction numbers will be good indicators of any stabilization if they hold up over the next few months.

CNN Article