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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."
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Ski Goggles: Dragon Optical Rogue Snowsport Goggles - Spherical Lens

Dragon Optical Rogue Snowsport Goggles - Spherical Lens
CLOSEOUTS . Dragon Optical Rogue goggles offer an optically-correct spherical lens designed to match the natural curvature of the eye and provide undistorted vision on the slopes. Double lens with foam membrane reduces fogging Flexible, helmet-compatible frame Dual-layer face foam Adjustable elastic head strap 100% UV protection Includes soft carry bag that doubles as a lens wipe Lens: Polycarbonate Frame: Polyurethane CLOSEOUTS . China. Available Colors: HERRINGBONE/JET IONIZED, SHOCKING/GOLD IONIZED, TWEED/GOLD IONIZED, RECLUSE W/IONIZED.
$63.96
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