Would there be a housing market comeback?

The weakness that we see in housing market seem to stem from harsh weather condition this past winter. Consumer confidence is at five year high and household income is rising. Interest rate is near all time low and home buyers are able to afford homes.  We know there will be pullback but it's all good.  whatever the short-term problem, housing remains the key indicator of our future economic growth.  housing sector is getting better. Right now housing is looking better, what we just have to worry about here on is higher mortgage rate