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"Everything You Need for Your Vacation Home"
Vacation home security and remote control options to protect your home and devices to monitor and control your home from a distance
Architectural plans & designs for vacation homes—mountain homes—lake homes—beach houses.
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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Cedar Creek Real Estate
Vacation homes for sale and for rent in the Bear Creek Lakes area of the Pocono Mountains.
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From the highest quality to the most affordable merchandise, we find the best products available for your vacation home. Most are deeply discounted, matching the best buys available on the internet or better. We also offer coupons for free shipping and further discounts.