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New home sales: 'Really good news'

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."
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Fishing Tubes and Floats


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The Creek Company ODC XR10 Pontoon
CLOSEOUTS . The fish-focused ODC XR10 pontoon boat from The Creek Company is rugged and ready for the water, with heavy-duty materials and a new rigid cargo deck for strapping down all of your fishing essentials. Heavy-duty 30 oz. PVC thermal welded outer covers 420 denier nylon lines and 30-gauge PVC bladders Hammered metal-finish aluminum Full-take-down frame for easy assembly and storage Three-piece take-down oars included Large side cargo pockets for storing gear Large mesh stripping apron with raised edges for line control Rigid cargo deck for strapping down bigger gear Walk through foot bars with six-position adjustment High volume two-way hand pump included Weight capacity: 400 lb. Length: 120? Width: 66? Weight: 80 lb. Material: Aluminum, nylon, PVC and composite CLOSEOUTS . China. Must ship UPS Ground within the continental U.S. only. Cannot be applied to special shipping offers. Visit our Kayaking Gear Guide Available Colors: SEE PHOTO.

Price: $829.95

Item: 143088 Retail: $1399.99
The Creek Company ODC XR9 Pontoon Boat
CLOSEOUTS . The fish-focused ODC XR9 pontoon boat from The Creek Company is rugged and ready for the water, with heavy-duty materials and a new rigid cargo deck for strapping down all of your fishing essentials. Heavy-duty 30 oz. PVC thermal welded outer covers 420 denier nylon lines and 30-gauge PVC bladders Hammered metal-finish aluminum Full-take-down frame for easy assembly and storage Three-piece take-down oars included Large side cargo pockets for storing gear Large mesh stripping apron with raised edges for line control Rigid cargo deck for strapping down bigger gear Walk through foot bars with six-position adjustment High volume two-way hand pump included Weight capacity: 375 lb. Length: 108? Width: 60? Weight: 65 lb. Material: Aluminum, nylon, PVC and composite CLOSEOUTS . China. Must ship UPS Ground within the continental U.S. only. Cannot be applied to special shipping offers. Visit our Kayaking Gear Guide Available Colors: SEE PHOTO.

Price: $749.95

Item: 143087 Retail: $1199.99
The Creek Company ODC XR8 Pontoon Boat
CLOSEOUTS . The fish-focused ODC XR8 pontoon boat from The Creek Company is rugged and ready for the water, with heavy-duty materials and a new rigid cargo deck for strapping down all of your fishing essentials. Heavy-duty 30 oz. PVC thermal welded outer covers 420 denier nylon lines and 30-gauge PVC bladders Hammered metal finish aluminum Full-take-down frame for easy assembly and storage Three piece take-down oars included Large side cargo pockets for storing gear Large mesh stripping apron with raised edges for line control Rigid cargo deck for strapping down bigger gear Walk through foot bars with six-position adjustment High volume two-way hand pump included Weight capacity: 375 lb. Length: 96? Width: 54? Weight: 55 lb. Materials: Aluminum, nylon, PVC and composite CLOSEOUTS . China. Must ship UPS Ground within the continental U.S. only. Cannot be applied to special shipping offers. Visit our Kayaking Gear Guide Available Colors: SEE PHOTO.

Price: $549.95

Item: 143086 Retail: $899.99
Water Skeeter Amphibi-Fins (For Men and Women)
CLOSEOUTS . Having received a thumbs up from professional river guides and fisherman, Water Skeeter's Amphibi-Fins are ready to hit the water. Vented for less drag and water resistance, with a unique buckle that locks onto the fin and a lugged rubber sole for traction on land. Shorter and wider contoured blade is angled upward for easier walking. Designed for use with pontoon boats and float tubes Includes mesh storage bag Blade length: 7-1_2? Blade width: 9-1_2? Dimensions (LxW): 17x9-1_2x3-3/8? Weight: 4 lb. 12 oz. pr. Material: Lightweight, durable and anatomical polyurethane rubber Removable high-density felt sole pad CLOSEOUTS . Taiwan. Size: One size fits most Available Colors: BLACK.

Price: $24.95

Item: 98682 Retail: $59.95
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Choose Your Activity
Golf Hiking Skiing Water Sports
Games Fishing Exploring Cycling