Personal income increased 0.2% in February; spending was up 0.8%.  Pending home sales were down 0.5% in February.  The Case-Shiller home price index was unchanged for the month of January.  Durable orders increased 2.2% in February. GDP growth was 3.0% in the 4^th quarter of 2011.  Initial jobless claims decreased 5,000 to 359,000 for the week ended 3/24.

• Personal income rose 0.2% in February as personal spending increased 0.8%.
• Pending home sales declined 0.5% in February.
• The Case-Shiller home price index was essentially unchanged for the month of January and was down 3.8% from a year ago.  The index, which has continued to decline since its peak in April of 2006, is at a level last seen nine years ago in January of 2003.
• Durable orders increased 2.2% in February.  Excluding transportation, orders were up 1.6%
• GDP growth for the 4^th quarter of 2011 was 3.0%, according to the third estimate.  There was no revision to growth from the previous, second estimate.
• Initial jobless claims declined 5,000 to a level of 359,000 for the week ended March 24^th.