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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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Electric Trolling Motors For Bass Boats and Jon Boats


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Minn Kota Endura C2 55-lb. Thrust Trolling Motor with 36"/42" Shaft

Minn Kota Endura C2 55-lb. Thrust Trolling Motor with 36"/42" Shaft

$249.99

The Endura trolling motor also features the weedless wedge propeller that gives your boat plenty of speed without making too much noise. Large windings and commutators spread out heat and produce cooler operation. Minn Kota Endura C2 55-lb Thrust Trolling Motor: For freshwater use on small- to medium-sized boatsVolts: 12Speeds: FixedMount location: TransomEndura trolling motor with weedless wedge propeller6" telescoping handleLever lock bracket resists flexing, warping and UV damage for excellent mountPower prop offers extra power to help push through heavy vegetationExtra large windings and commutators produce cooler operationMinn Kota trolling motor with 42" shaft that flexes on impact and is designed not to break2-year warrantyModel #1352256

MotorGuide Trolling Motors, Freshwater Edition-Bulldog (Foot/transom 40 lb. 30" Shaft)

MotorGuide Trolling Motors, Freshwater Edition-Bulldog (Foot/transom 40 lb. 30" Shaft)

$385.00

MotorGuide Trolling Motors, Freshwater Edition-Bulldog (foot/transom 40 lb. 30" Shaft):Peak thrust 40 lbs12 voltsDurable 5-speed technology, allowing great value for the trusted standard03 Transform mount style30-inch aluminum shaftGo shallower, faster, and quieter with our tapered hub, 3-blade, weed-free Machete III prop, designed by Mercury PropellersQuiet, smooth operation lets you get closer to the fishSelect Freshwater Edition motors feature an illuminated directional indicator for night fishingCompact, lightweight lower unitsFoot control models offer long-lasting, rack-and-pinion designTwo-year WarrantyModel 9.2150002E8

Watersnake Tracer FWTCS44TH-36 Trolling Motor

Watersnake Tracer FWTCS44TH-36 Trolling Motor

$154.00

Watersnake Tracer Trolling Motor, 36":Features an adjustable transom bracket, 5 forward speeds and 2 reverse speedsTelescopic tiller control36" carbon steel propeller shaft3-blade weedless propeller

Watersnake Shadow FWDR54-54 Trolling Motor

Watersnake Shadow FWDR54-54 Trolling Motor

$363.13

Watersnake Shadow Trolling Motor, FW 54/54 BM: Features a composite bow mount bracketEasy to slow speedsElectric foot controlEncapsulated circuit boardAlloy inner/composite outer shaft54" shaftStainless steel propeller shaftWeedless 3 blade propellerFitted with a power cut off switch and in-line 50 amp fuse kit fitted

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