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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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Medicine Cabinets For Your Vacation Home


Vacation Home Furniture
Living Room Kitchen Dining Room Bed & Bath





Afina Wilshire I Large Medicine Cabinet Afina Wilshire I Large Medicine Cabinet
When you imagine a classically charming medicine cabinet it''s the Afina Wilshire I Large Medicine Cabinet that comes to mind. Simple clean and useful it installs easily without any wall modifications. The mirrored door swings open very wide for easy access revealing three adjustable glass shelves. A brushed-silver door pull is just the right functional accent. The anodized aluminum body cleans easily and will never rust. Simply perfect.About AlfinaAfina Corporation is a manufacturer and importer of fine bath cabinetry lighting fixtures and decorative wall mirrors. Afina products are available in an extensive palette of colors and decorative styles to reflect the trends of a new millennium. Based in Paterson N.J. Afina is committed to providing fine products that will be an integral part of your unique bath environment.

Price: $578.00

Item: AFC035 Category: Bathroom Cabinets > Bathroom Wall Cabinets

Afina Wilshire I Small Medicine Cabinet Afina Wilshire I Small Medicine Cabinet
Clean bright and charming. Yes you are - but we were referring to the Afina Wilshire I Small Medicine Cabinet. Flush mount it installs easily without any wall modifications. The beveled-edge mirrored door swings open very wide for easy access revealing three adjustable glass shelves. A brushed-silver door pull is just the right functional accent.Behind the mirror you''ll find three adjustable glass shelves that lock safely into place. The anodized aluminum body cleans easily and will never rust. It''s just right.About AlfinaAfina Corporation is a manufacturer and importer of fine bath cabinetry lighting fixtures and decorative wall mirrors. Afina products are available in an extensive palette of colors and decorative styles to reflect the trends of a new millennium. Based in Paterson N.J. Afina is committed to providing fine products that will be an integral part of your unique bath environment.

Price: $550.00

Item: AFC036 Category: Bathroom Cabinets > Bathroom Wall Cabinets

Afina Wilshire II Small Medicine Cabinet Afina Wilshire II Small Medicine Cabinet
Clean bright and charming. Yes you are - but we''re talking about the Afina Wilshire II Small Recessed Medicine Cabinet. This stylish cabinet is extra roomy and deep thanks to its recessed design. The beveled-edge mirrored door swings open very wide for easy access and a brushed-silver door pull is just the right functional accent.Peek inside the Wilshire II Medicine Cabinet: you''ll discover three adjustable glass shelves. The anodized aluminum body cleans easily and will never rust. It''s just right.About AlfinaAfina Corporation is a manufacturer and importer of fine bath cabinetry lighting fixtures and decorative wall mirrors. Afina products are available in an extensive palette of colors and decorative styles to reflect the trends of a new millennium. Based in Paterson N.J. Afina is committed to providing fine products that will be an integral part of your unique bath environment.

Price: $609.00

Item: AFC038 Category: Bathroom Cabinets > Bathroom Wall Cabinets

Chesterfield Medicine Cabinet Chesterfield Medicine Cabinet
The Chesterfield Medicine Cabinet 1 Glass Door is an attractive storage addition for any bathroom featuring a glass-paneled door with a waffle pattern and two internal shelves.

Price: $50.00

Item: EHF007 Category: Bathroom Cabinets > Bathroom Wall Cabinets

Madison Avenue Medicine Cabinet Madison Avenue Medicine Cabinet
The Elite Home Fashions Madison Avenue Medicine Cabinet is the perfect complement to your modern vanity and helps create a spa-like atmosphere in your bath. Made of crisp white MDF laminate this sturdy medicine cabinet features a mirrored door that opens with a fancy twist-operated silver latch. Inside you''ll find an adjustable shelf to accommodate cleansers and lotions of all sizes. Shapely crown molding and recessed side paneling finish the elegant look. Dimensions: 18.5H x 18.25W x 5.5D inches.

Price: $79.99

Item: EHF245 Category: Bathroom Cabinets > Bathroom Wall Cabinets

Neal Medicine Cabinet Neal Medicine Cabinet
You''ll love primping for your big night out in front of the Elite Home Fashions Neal Medicine Cabinet which features unique slatted lattice details on the mirror to frame your reflection. Everything you need to get ready will be neatly organized with the help of the interior adjustable shelf. Three small cubbies store your frequently used items or display candles perfumes or decorative soaps. Made of MDF laminate in a pure white finish this sturdy cabinet features elegant crown molding recessed panels and a glamorous crystal knob for a royal look.

Price: $99.99

Item: EHF248 Category: Bathroom Cabinets > Bathroom Wall Cabinets

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Vacation Home Furniture
Living Room Kitchen Dining Room Bed & Bath