U.S. consumer confidence, house prices offer hope for economy

March 31, 2015 4:53 PM

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U.S. consumer confidence, house prices offer hope for economy

WASHINGTON (Reuters) - U.S. consumer confidence rebounded strongly in March amid optimism over the labor market while house prices increased in January, hopeful signs that a recent sharp slowdown in economic activity was probably a blip.

A combination of harsh winter weather, a now-settled labor dispute at the country's busy West Coast ports, softer global demand and a strong dollar dampened growth early in the first quarter.

Also read: U.S. home sales hit 10-year high, prices soar

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