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Architectural plans & designs for vacation homes—mountain homeslake homesbeach houses.

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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New Jersey Vacation Homes

Ocean City, NJ vacation homes

Ocean City, NJ Vacation and Investment Homes

Berger Realty
Trust Barbara Fasy to help you find an investment and vacation homes for sale and rent in Ocean City, Somers Point, Marmora, Egg Harbor Township and Upper Township PLUS surrounding South Jersey coastal communities of Sea Isle City, Avalon, Stone Harbor, Wildwood, Wildwood Crest, North Wildwood and Cape May - all price ranges. Detailed community information for Ocean City.

Beachwatch Condos - Fasy Real Estate
Specializing in the selling and renting of condominiums, investment and vacation homes in Ocean City, Anglesea, North Wildwood, Wildwood, West Wildwood, Diamond Beach and Wildwood Crest, NJ. Trust your buying, selling and renting to our experienced and friendly staff. Your SECOND home is our FIRST priority!

Ocean City, NJ Vacation and Investment Homes
First time buyers and experienced investors will find useful information about how to; choose the "right" property, make an offer, negotiate, finance, mortgage rates, moving, and everything involved in making an informed real estate decision in today´s market.

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