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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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Freshwater and Saltwater Fishing Lures


Choose Your Activity
Golf Hiking Skiing Water Sports
Games Fishing Exploring Cycling

Most of us are just happy to be out fishing. But face it, you like to catch something too! These fishing lures for freshwater are proven to attract more than just attention. The double jointed minnows are a must in any tackle box... get a few of them in different shades. They're great for trolling, or tossing next to a patch of lily pads to draw the gamefish out.

The smell of salty air, sun and a gentle breeze make for a fantastic day on the bay or open ocean. But you really want to have some fish in the freezer that didn't cost you an arm and a leg at the local fish market. If they ain't takin' the bait, try these lifelike saltwater lures that look better than the real thing. Take that prize fish home yourself, instead of your buddy getting the haul of the day.




Carolina Lures Yummee Floating Fly'n Fish

Carolina Lures Yummee Floating Fly'n Fish

$19.99

"Trolls at the surface, skipping and jumping. The Carolinaures Yummee Floating Fly'n Fish always rights itself as it reenters the water. Internal hook slot, arge eyes with moving pupils, very active tail. Floating model is perfect for casting or fl







Choose Your Activity
Golf Hiking Skiing Water Sports
Games Fishing Exploring Cycling

 
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