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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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CNN Money


Golf - Custom made Clubs, Drivers & Irons


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golf Ladies

GX920 Lady Diamond Woods
Closeout - Save 40%
27679
from: $1.90

golf Ladies

GX920 Diamond Hybrid
Closeout - Save 50%
27684
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golf Irons

Revelation Hybrid Set
Hybrid Set
21704
from: $124.40

golf Irons

Power Max GX920
High COR Face design
21061
from: $134.00

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Stop Paying For High Cost Ad Branding & Multi-Million Dollar Endorsements

You may be paying up to 90% more for golf clubs just to cover the cost of advertising. But you are definitely not getting 90% more value. GigaGolf has been satisfying golfers with quality clubs and great customer service for over 8 years. They believe that a properly fit, custom golf club made with the finest components is the only way to sell golf clubs. They feel so strongly that they offer a 30 Day Play Guarantee. That means that if you aren't 100% satisfied with your custom clubs, just return or exchange them within 30 days-No Questions Asked. They take all the risk out of buying custom golf clubs.

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Let Your Game Choose Your Clubs

For over a hundred years golf has been played with basically the same set of clubs. The traditional set includes 3 woods (1, 3, 5), 11 irons (2-9, PW, SW) and a putter. Does this configuration work for everyone. No way! It's time to take a brand new look at what a golf club set can and should be. Instead of selecting clubs based on "tradition", why not select clubs based on what YOUR golf game requires.

Choose The Right Set For You-->

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