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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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Flyfishing Reels, Line and Leaders


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Dr. Slick Co. Mitten Clamp
CLOSEOUTS . Eliminate the bother of tugging off your gloves to remove a hook or crimp a split shot when fishing in cold weather. These innovative clamps eliminate finger loops from the traditional hemostat design. Flawless construction from Dr. Slick Co. Length: 61_2\" Weight: 2 oz. Material: Stainless steel CLOSEOUTS . Pakistan. Available Colors: BLACK, SILVER / GOLD, GOLD / SILVER, SEE PHOTO.

Price: $7.46

Item: 16833 Retail: $19.00

Lamson Fly Reel Safe
CLOSEOUTS . Store and protect your fly reel with a Lamson reel safe. Easy-to-use threaded design with foam interior padding to protect reel. Height: 3-1_4\" Diameter: 4-1_2\" Capacity: 1 reel Weight: 3.4 oz. Material: Composite and foam Made in China Available Colors: SEE PHOTO.

Price: $3.71

Item: 152653 Retail: $9.95

Cortland 555 Dyna Tip 2 Tone Fly Line - Double Taper
CLOSEOUTS . Cortland 555 Dyna Tip 2 Tone fly line is designed to be one step ahead of today\'s fly fisher, combining ground-breaking new Barrier Construction Technology with application-specific tapers and proprietary coatings. Needs no dressing and requires minimal cleaning Repels dirt and sheds water easily Multiple slickening agents for nearly friction-free casts Long-chain polymer additives for durability and crack resistance Double Taper Reversible Length: 90\' (27m) Material: Composite body with monofilament core Made in USA Visit our Fly Fishing Guide Available Colors: MANGO W/WHITE TIP/AVOCADO W/SAGE.

Price: $29.96

Item: 152274 Retail: $65.00

Cortland 555 Dyna Tip Fly Line - Forward Floating
CLOSEOUTS . Cortland 555 Dyna Tip fly line is designed to be one step ahead of today\'s fly fisher, combining ground-breaking new Barrier Construction Technology with application-specific tapers and proprietary coatings. Needs no dressing and requires minimal cleaning Repels dirt and sheds water easily Multiple slickening agents for nearly friction-free casts Long-chain polymer additives for durability and crack resistance Forward floating Length: 90\' (27m) Material: Composite body with monofilament core Made in USA Visit our Fly Fishing Guide Available Colors: MANGO, AVOCADO.

Price: $29.96

Item: 152273 Retail: $65.00

Profishency Bluewater XL Salt Water Fly Fishing Reel - 9/10wt
CLOSEOUTS . Constructed of precision machined bar stock aluminum with a large-slotted arbor for fast, smooth retrieve, the Bluewater XL salt water fly fishing reel from Profishency is perfect for anglers who demand superior performance. Precision machined bar stock aluminum construction performs great and looks fantastic Smooth, sealed disc drag Large slotted arbor for fast retrieve and take-up Easily converts from left- to right-hand retrieve Line weight: 9/10wt Diameter: 4\" Weight: 11 oz. Material: 6000 bar stock aluminum, stainless steel and cork drag Made in China Available Colors: SEE PHOTO.

Price: $239.95

Item: 146655 Retail: $399.00

Lamson Velocity Reel - V4
CLOSEOUTS . Lamson\'s V4 Velocity reel is a significant advancement in fly reel design, with excellent performance being the only criteria guiding its creation. No design element exists which is not functional, and function has driven the aesthetic treatment as well. Changeable for left or right hand retrieve Large arbor Line Weight: 10WT Solid barstock aluminum Neoprene case Width: 1.5\" Diameter: 4\" Capacity: +250 yds. with WF10, 30# Weight: 7.75 oz. CLOSEOUTS . USA. Case, Taiwan. Visit our Fly Fishing Guide Available Colors: ALOX FINISH, SEE PHOTO.

Price: $219.95

Item: 66973 Retail: $319.00

Profishency Whitewater Salt Water Fly Fishing Reel - 7/8wt
CLOSEOUTS . Constructed of precision machined bar stock aluminum with a large-slotted arbor for fast, smooth retrieve, the Whitewater salt water fly fishing reel from Profishency is perfect for anglers who demand superior performance. Precision machined bar stock aluminum construction performs great and looks fantastic Smooth, sealed disc drag Large slotted arbor for fast retrieve and take-up Easily converts from left- to right-hand retrieve Line weight: 7/8wt Diameter: 3-3_4\" Weight: 9.8 oz. Material: 6000 bar stock aluminum, stainless steel and cork drag Made in China Available Colors: SEE PHOTO.

Price: $209.95

Item: 146656 Retail: $349.00

Lamson Velocity Reel - V3
CLOSEOUTS . Lamson\'s V3 Velocity reel is a significant advancement in fly reel design, with excellent performance being the only criteria guiding its creation. No design element exists which is not functional, and function has driven the aesthetic treatment as well. Changeable for left or right hand retrieve Large arbor Line Weight: 7WT Solid barstock aluminum Neoprene case Width: 1.2\" Diameter: 3.5\" Capacity: +150 yds. with WF7, 20# Weight: 5.8 oz. Made in USA. Case, Taiwan. Visit our Fly Fishing Guide Available Colors: ALOX FINISH, SEE PHOTO.

Price: $179.95

Item: 66971 Retail: $256.00

Lamson Velocity Reel - V1.5
CLOSEOUTS . Lamson\'s V1.5 Velocity reel is a significant advancement in fly reel design, with excellent performance being the only criteria guiding its creation. No design element exists which is not functional, and function has driven the aesthetic treatment as well. Changeable for left or right hand retrieve Large arbor Line Weight: 4WT Solid barstock aluminum Neoprene case Width: 1.05\" Diameter: 3\" Capacity: +100 yds. with WF4, 20# Weight: 1.25 oz. CLOSEOUTS . USA. Case, Taiwan. Visit our Fly Fishing Guide Available Colors: ALOX FINISH, SEE PHOTO.

Price: $159.95

Item: 66969 Retail: $229.00

Profishency Eagle Fly Reel - 7/8wt, Large Arbor
CLOSEOUTS . The Profishency Eagle 7/8wt saltwater fly reel is precision machined of bar stock aluminum and named for the famous fishing bird. Large slotted arbor for fast retrieve and take-up Sealed disc drag is dependable and smooth Switches from left to right hand retrieve without tools Beautiful machining work throughout Very smooth ball bearing action Lightweight Nicely balanced Stainless steel handle Drawstring storage pouch Line weight: 7/8wt Diameter: 3-3_4\" Width: 1-3_4\" Weight: 7.4 oz. Material: 6000 bar stock aluminum, stainless steel spindle Made in China. Visit our Fly Fishing Guide Available Colors: SEE PHOTO.

Price: $159.95

Item: 95615 Retail: $269.00

Lamson Velocity 1 Hard Alox Fly Reel
CLOSEOUTS . Legendary Lamson conical drag offers smooth, linear engagement and bulletproof reliability. Hard Alox finish is durable and corrosion resistant Left or right hand retrieve Large arbor Line Weight: 3WT Backing capacity: WF2+75 yds. 12# Diameter: 3\" Weight: 3-3_4 oz. Material: Reel: Precision-milled aluminum bar stock with anodized coating Pouch: Neoprene CLOSEOUTS . USA. Case, Taiwan. Visit our Fly Fishing Guide Available Colors: ALOX FINISH, SEE PHOTO.

Price: $149.95

Item: 100923 Retail: $219.00

STH L-3 Turbine/Disc Freshwater Fly Fishing Reel - 7, 8, 9wt
CLOSEOUTS . STH\'s L-3 Turbine/Disc Freshwater fly fishing reel incorporates Turbine Drag System technology -- intertia-free startup, automatic drag change as your catch changes speed, and no overrun. Simple change between right- and left-hand retrieve Diameter: 3-3_4\" Outside width : 1-1_4\" Inside width: 3_4\" Capacity: 7wt 8wt 9wt Weight: 6.6 oz. Material: 6061-T6 bar stock aluminum with brass/rulon drag disk Made in Argentina. Visit our Fly Fishing Guide Available Colors: SEE PHOTO.

Price: $142.46

Item: 145648 Retail: $319.95

Rio Mainstream 2X Fly Fishing Tippet - 30 yds.
CLOSEOUTS . Be sure to take advantage of this great price on a quality Rio Mainstream 2X fly fishing tippet. Length: 30 yds. ea. Width: 2X (0.009?) Capacity: 9 lb. test Material: High-tenacity copolymer CLOSEOUTS . Japan. Visit our Fly Fishing Guide Available Colors: SEE PHOTO.

Price: $1.31

Item: 100832 Retail: $2.95

Rio Mainstream 3X Fly Fishing Tippet - 30 yds.
CLOSEOUTS . Be sure to take advantage of this great price on a quality Rio Mainstream 3X fly fishing tippet. Length: 30 yds. ea. Width: 3X (0.008?) Capacity: 7 lb. test Material: High-tenacity copolymer CLOSEOUTS . Japan. Visit our Fly Fishing Guide Available Colors: SEE PHOTO.

Price: $1.31

Item: 100831 Retail: $2.95

Rio Mainstream 4X Fly Fishing Tippet - 30 yds.
CLOSEOUTS . Be sure to take advantage of this great price on a quality Rio Mainstream 4X fly fishing tippet. Length: 30 yds. ea. Width: 4X (0.007?) Capacity: 5-1_2 lb. test Material: High-tenacity copolymer CLOSEOUTS . Japan. Visit our Fly Fishing Guide Available Colors: SEE PHOTO.

Price: $1.31

Item: 100830 Retail: $2.95

Rio Mainstream 5X Fly Fishing Tippet - 30 yds.
CLOSEOUTS . Be sure to take advantage of this great price on a quality Rio Mainstream 5X fly fishing tippet. Length: 30 yds. ea. Width: 5X (0.006?) Capacity: 4 lb. test Material: High-tenacity copolymer CLOSEOUTS . Japan. Visit our Fly Fishing Guide Available Colors: SEE PHOTO.

Price: $1.31

Item: 100829 Retail: $2.95

Rio Mainstream 7X Fly Fishing Tippet - 30 yds.
CLOSEOUTS . Be sure to take advantage of this great price on a quality Rio Mainstream 7X fly fishing tippet. Length: 30 yds. ea. Width: 7X (0.004?) Capacity: 2 lb. test Material: High-tenacity copolymer CLOSEOUTS . Japan. Visit our Fly Fishing Guide Available Colors: SEE PHOTO.

Price: $1.25

Item: 100827 Retail: $2.95

Scientific Anglers Tippet - 25 yds.
CLOSEOUTS. Don\'t leave for your fishing trip without Scientific Anglers\' tippets to top off your fly lines. Perfect for trout fishing High quality Length: 25 yds. Weight : 2 lb. (7X); 7 lb. (2X) CLOSEOUTS . Japan. Visit our Fly Fishing Guide Available Colors: SEE PHOTO. Sizes: 1X, 2X, 7X.

Price: $0.25

Item: 81423 Retail: $2.99

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