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NEW YORK (CNNMoney.com) -- Sales of newly constructed single-family homes spiked 11% in June to an annualized rate of 384,000 homes, according to a report released Monday.
The gain over May was much greater than expected. A consensus of housing industry analysts had forecast seasonally adjusted sales of 352,000, according to Breifing.com.
However, sales are still 21% below the levels of a year ago, when new homes sold in June at an annualized rate of 488,000, according to the report released by the U.S. Department of Housing and Urban Development. Four years ago, during the height of the housing boom, the sales rate for June was 1,374,000, nearly three-and-a-half times higher than last month.
Still, the report was very positive, according to Peter Morici, an economics professor at the University of Maryland who had forecast June sales to be at the 350,000 level. "That is really good news. Considering what's going on in existing home sales, with all the foreclosure activity sending down home prices, for new homes to jump like that is a good indicator that the economy is bottoming out."
Exploring - Cameras - Affordable Cameras, Motion Detector Stealth Cameras, Rear Bumper Cameras, Waterproof
Cameras have found so many uses, and are now downright cheap. You can get a 5 megapixel camera for under a hundred dollars. Here's a great selection with optional kits that are well worth the price.
You'll also find some great stealth cameras, set off by motion detectors. Perfect for getting closeups of bears, deer, moose and more without spooking them. Just set it on a tree or get one of the mounting brackets, then check your camera the next day. You'll also find a couple rear view bumper cameras so you can actually see what's in back of you.