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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 XR12 Pontoon Boat - 2-Man
CLOSEOUTS . The fish-focused ODC XR12 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 liners and 30-gauge PVC bladders Hammered metal-finish aluminum frame 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: 600 lb. (2 people) Length: 12' Diameter: 20" Weight: 120 lb. Materials: Aluminum, nylon, PVC and composite Made in China Must ship UPS Ground within the 48 contiguous U.S. only. An additional $55.00 shipping fee will be charged due to the item's size/weight; not eligible for special shipping offers Available Colors: SEE PHOTO.

Price: $1399.95

Item: 134764 Retail: $1999.99

Caddis Nevada Gold Fly Fishing Float Tube with Fins
CLOSEOUTS . Fish areas you have never fished before with Caddis' Nevada Gold fly fishing float tube. The narrow U-shaped body allows navigation of remote and hard-to-reach fishing spots, and the compactible design makes it easy to pack with all of your other gear. Kit includes both tube and fins. Comfortable design offers free range of motion for casting Padded stabilizer bar Two auxiliary pockets Four main storage compartments Nylon mesh-stripping apron Backrest with storage pocket Dry fly patch Front rod holder Printed measurement tray Durable Corduraand#174; bottom D-rings Carry handle Tube: Deflated dimensions (LxWxH): 50x44x20andquot; with 12andquot; tube diameter Inflated dimensions (LxWxH): 46x42x19andquot; with 38andquot; tube circumference Weight capacity: Up to 250 lb. Weight: 9 lb. 4 oz. Material: 420 denier nylon pack cloth with PVC stabilizer bar Fins: Dimensions (LxW): 20x9andquot; Weight: 1 lb. 13 oz. Material: Synthetic rubber Made in China Available Colors: SEE PHOTO.

Price: $149.95

Item: 170519 Retail: $244.99

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