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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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Flyfishing Reels, Line and Leaders


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White River Fly Shop Classic Machined Fly Reel - WRC2R

White River Fly Shop Classic Machined Fly Reel - WRC2R

$69.99

This is a fully machined, fully featured fly reel. Prototypes were extensively tested on Wyoming's Green River. In heavy current, with most of the fly line gone, and 6x tippet, they performed like a champ. Those fish measured in pounds, not inches. The all-steel, one-way bearing, polished steel drag stack, and the meticulous attention to detail in every step of manufacture make the Classic Fly Reel one of the finest reels you'll ever own at any price. The 2-1/2" ultralight model is perfect for short, small-stream rods and has a click-and-pawl drag. White River Fly ShopA® Classic Machined Fly Reel or Spare Spools

Sage Vantage Fly Fishing Rod and Reel Outfit - 9' - 5 line weight - 4 piece

Sage Vantage Fly Fishing Rod and Reel Outfit - 9' - 5 line weight - 4 piece

$405.00

The Vantage Rod Series caters to fly anglers who are just getting their feet wet. Engineered to be easier to use for novices who typically cast shorter distances, they boast a Medium-Fast Action and a slim-line ferrule design that makes them fast, smooth, and light. Distinctive features include hard chrome snake guides, Hardloy stripping guides, a titanium anodized-aluminum reel seat, pre-shaped cork handles, and a Cordura rod tube. Color: Mocha. Outfits include a Sage 1600 Series reel, a matching rod/reel case, flyline, and backing. Made in USA. The Vantage Rod Series caters to fly anglers who are just getting their feet wet. Engineered to be easier to use for novices who typically cast shorter distances, they boast a Medium-Fast Action and a slim-line ferrule design that makes them fast, sm

Temple Fork Outfittersa ¢ NXT Fly Fishing Rod and Reel Outfit - NXT 4/5

Temple Fork Outfittersa ¢ NXT Fly Fishing Rod and Reel Outfit - NXT 4/5

$199.95

Temple Fork Outfitters&8217; NXT beginner rod and reel outfits are an affordable way to shorten the fly fishing learning curve. The NXT outfit comes with a high-performance IM6 graphite fly rod, up locking reel seat and a composite cork handle. A cast aluminum disc drag reel comes rigged up with fly line, backing, leader and a tapered tippet all packed in a handy rod and reel carrying case. Just in case there are any "mishaps", TFO has been kind enough to include a lifetime no-fault warranty. Temple Fork Outfittersamp;8217; NXT beginner rod and reel outfits are an affordable way to shorten the fly fishing learning curve. The NXT outfit comes with a high-performance IM6 graphite fly rod, up locking reel seat and a composite cork handle. A

Gold CupA® Fly Reel - Model GC III

Gold CupA® Fly Reel - Model GC III

$209.99

Spare Spool These high-performance large arbor saltwater reels set a new standard for quality, workmanship, and exceptional value. Precision machined-aluminum construction and a carbon fiber disc drag provide reliable, all-weather service. Every detail, from the

Gold CupA® Fly Reel - Model GC III

Gold CupA® Fly Reel - Model GC III

$109.99

Spare Spool These high-performance large arbor saltwater reels set a new standard for quality, workmanship, and exceptional value. Precision machined-aluminum construction and a carbon fiber disc drag provide reliable, all-weather service. Every detail, from the

Redington Redfly 2 Fly Fishing Reel

Redington Redfly 2 Fly Fishing Reel

$49.95

CLOSEOUTS. As the trout rise, turn to the Redington Redfly 2 fly fishing reel for versatile, durable performance. It features a super-smooth Rulon drag system (exclusive to Redington) along with a rugged aluminum frame and one-way bearing. Large-arbor design Tough aluminum frame and graphite spool Exclusive Rulon drag system One-way bearing for smooth, immediate engagement Easy left- to right-hand retrieve conversion Paddle-style handle 4/5/6 line weight: Backing capacity: 100 yds. of 20# backing Diameter: 3-1 2" Weight: 5.1 oz. 7/8/9 line weight: Backing capacity: 175 yds. of 20# backing Diameter: 4" Weight: 6.2 oz. Material: Graphite Made in Korea Visit our Fly Fishing Guide Available Colors: CHAMPAGNE.

Lamson Ula Force 2 LT Fly Fishing Reel - 4/5wt

Lamson Ula Force 2 LT Fly Fishing Reel - 4/5wt

$304.95

CLOSEOUTS. The Lamson ULA Force LT is the lightest full-drag true large arbor reel on the market. Conical drag allows the structure of the reel to maximize the large, wide line storage format pioneered by Lamson, without the added mass of a disc-dedicated structure. Patented conical drag system Torrington zero-lash roller clutch Includes neoprene reel pouch Line weight: 4/5wt Backing capacity: 75 yds. of 20# Diameter: 3-1 4" Weight: 3.1 oz. Material: Hard Alox finished aluminum Made in USA Visit our Fly Fishing Guide Available Colors: SEE PHOTO.

Lamson ULA Force 2X LT Fly Fishing Reel - 5/6wt

Lamson ULA Force 2X LT Fly Fishing Reel - 5/6wt

$309.95

CLOSEOUTS. The Lamson ULA Force LT is the lightest full-drag, true large arbor reel on the market. Conical drag allows the structure of the reel to maximize the large, wide line storage format pioneered by Lamson, without the added mass of a disc-dedicated structure. Patented conical drag system Converts easily from right- to left-hand retrieve Torrington zero-lash roller clutch Includes neoprene reel pouch Line weight: 5/6wt Backing capacity: 100 yds. of 20# Diameter: 3-1 4" Weight: 3.2 oz. Material: Hard Alox finished aluminum Made in USA Visit our Fly Fishing Guide Available Colors: SEE PHOTO.

Lamson ULA Force LT Fly Fishing Reel - 7/8wt, 3X

Lamson ULA Force LT Fly Fishing Reel - 7/8wt, 3X

$339.95

CLOSEOUTS. Don't let its ridiculously light weight fool you; the Lamson ULA Force LT fly fishing reel is certainly a force to be reckoned with on the water. It features a superbly smooth conical drag, top-notch stopping power and the corrosion resistance needed for lasting saltwater performance. Large arbor Weighs in at an amazing 3.9 oz. Super-smooth conical drag Great stopping power for strong running fish Corrosion-resistant durability for excellent saltwater performance Easy right- to left-hand retrieve conversion Line weight: 7/8wt Backing capacity: 150 yds. of 20# Diameter: 3-1 2" Weight: 3.9 oz. Material: Precision-milled aluminum bar stock with anodized coating Made in USA, components, Taiwan Visit our Fly Fishing Guide Available Colors: SEE PHOTO.

Lamson ULA Force 3 LT Fly Fishing Reel - Conical Drag, 5-7wt

Lamson ULA Force 3 LT Fly Fishing Reel - Conical Drag, 5-7wt

$334.95

CLOSEOUTS. The Lamson ULA Force LT is the lightest full-drag true large arbor reel on the market. Conical drag allows the structure of the reel to maximize the large, wide line storage format pioneered by the Lamson, without the added mass of a disc-dedicated structure. The F2 LT picks up line lightning fast, stores it without coiling, and provides a consistent drag torque, all in an incredibly lightweight package. Patented conical drag system Torrington zero-lash roller clutch Includes neoprene reel pouch Line weight: 5-7wt Backing capacity: 100 yds. of 20# Diameter: 3-1 2" Weight: 3.9 oz. Material: Hard Alox finished aluminum Made in USA Available Colors: SEE PHOTO.

Redington Crosswater Fly Fishing Reel

Redington Crosswater Fly Fishing Reel

$17.48

CLOSEOUTS. Redington's Crosswater fly fishing reel has a versatile large-arbor design, with exclusive Rulon drag system for silky-smooth performance. It's the perfect reel for tackling a wide array of fishing environments. Large arbor Exclusive Rulon drag system Quick-release spool High-density graphite construction is extremely durable Large, paddle-style handle Easily converts from right- to left-hand retrieve 4/5/6 line weight: Backing capacity: 100 yds. of 20# backing Diameter: 3-1 2" Weight: 5.1 oz. 7/8/9 line weight: Backing capacity: 175 yds. of 20# backing Diameter: 4" Weight: 6.0 oz. Material: Graphite Made in Korea Visit our Fly Fishing Guide Available Colors: SEE PHOTO.

Cortland LTD II Fly Fishing Reel - Large Arbor, Disc Drag

Cortland LTD II Fly Fishing Reel - Large Arbor, Disc Drag

$34.95

CLOSEOUTS. Cortland's LTD II fly fishing reel features a smooth, powerful disk drag on a lightweight graphite frame. It's the ideal reel for battling hard-charging fish. Large arbor Graphite frame with aluminum spool Powerful disk drag Easily converts from right- to left-hand retrieve Line weight: 4-6wt, 6-8wt, 9-12wt Backing capacity: 4/6wt line with 65 yds. of 20# backing 6/8wt line with 75 yds. of 20# backing 9-12wt line with 175 yds. of 20# backing Diameter: 4-3/8and" Weight: 11 oz. Material: Graphite frame, aluminum spool Made in China Visit our Fly Fishing Guide Available Colors: SEE PHOTO.

Cortland Magnum Fly Fishing Outfit - 2-Piece Rod with Reel, Line and Leader, 8wt

Cortland Magnum Fly Fishing Outfit - 2-Piece Rod with Reel, Line and Leader, 8wt

$154.95

CLOSEOUTS. This Cortland fly fishing outfit has just about everything you need to hit the river, including a Magnum rod with high-modulus graphite shaft, cork handle with fighting butt, disc drag reel, premium fly line and knotless leader. Outfit includes rod, reel, premium line and leader 2-piece rod: High-modulus graphite shaft Medium action Nickel silver fittings Cork handle with aluminum reel seat Fighting butt Assembled rod length: 9' Weight: 5.4 oz. Material: Graphite and cork Cortland LTD aluminum reel and spool: Pre-loaded with line, backing and leader Cortland premium fly line (weight forward) Disc drag Capacity: 150 yds. 20# backing plus fly line Diameter: 4" Material: Aluminum Total weight: 10.6 oz. Made in China Visit our Fly Fishing Guide Available Colors: SEE PHOTO.

Okuma Tuscany 5/6 Fly Reel

Okuma Tuscany 5/6 Fly Reel

$40.00

Fully adjustable Teflon and stainless steel drag system Roller bearing engages drag system in one direction Precision machined stainless steel spool shaft Anodized aluminum, machined rigid frame Machined aluminum, standard arbor spool design Precision machined, brass bushing drive Forged aluminum, anodized reel foot Easy to change left to right hand retrieval conversion Model TC-5/6

Scientific Angler Fly Fishing Preloaded Fly Reel

Scientific Angler Fly Fishing Preloaded Fly Reel

$20.00

Pre-loaded and ready to fish Easy to handle and built for bigger fish 100-yd. capacity Model: 844995

Okuma Sierra 7/8 Fly Reel

Okuma Sierra 7/8 Fly Reel

$38.00

Fully adjustable Teflon and stainless steel drag system Roller bearing engages drag system in one direction Precision machined stainless steel spool shaft ALC: Alumilite diecast aluminum frame design Rigid diecast aluminum, standard arbor spool design Precision machined, brass bushing drive East to change left to right hand retrieval conversion

Okuma Sierra 5/6 Fly Reel

Okuma Sierra 5/6 Fly Reel

$39.99

Fully adjustable Teflon and stainless steel drag system Roller bearing engages drag system in one direction Precision machined stainless steel spool shaft ALC: Alumilite diecast aluminum fram design Rigid diecast aluminum, standard arbor spool design Precision machined, brass bushing drive East to change left to right hand retrieval conversion

Martin Martin Automatics Fly Fishing Reel Wide 81-bx3

Martin Martin Automatics Fly Fishing Reel Wide 81-bx3

$27.98

Popular with many experienced, traditional fly fishers for their dependability and versatility, Martin Automatics feature a special slip clutch that lets you strip line freely, even when the spring is wound.







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