Vacation home security and remote control options to protect your home and devices to monitor and control your home from a distance
Architectural plans & designs for vacation homes—mountain homes—lake homes—beach houses.
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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CNN Money
Utah Vacation Homes
Dennis Hanlon - Lewis, Wolcott & Dornbush Real Estate
Host site of the 2002 Winter Olympics and the Sundance Film Festival. Park City is an active and growing four season resort community only 30 minutes from Salt Lake City and its international airport. Along with three world class ski resorts, we offer five golf courses, fishing, boating, mountain bike trails, and of course many miles of spectacular hiking trails.
Utah Vacation Home Services
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