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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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Trekking Poles


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Most people experience a notable difference in there stamina when they use trekking poles. They take a lot of the pressure off your back, and help you keep your balance. You'll notice an even bigger difference the day after a long hike... You won't be anywhere near as sore. Here's a selection of trekking poles sure to fit your needs.

Komperdell Mountaineer Trekking Poles - Compact, Power Lock, Pair
CLOSEOUTS . Increase your stability on rugged alpine terrain with Komperdell Mountaineer trekking poles, featuring Power Lock mechanisms and contoured grips. Komperdell poles stabilize footing on the trail, relieve pressure on joints and help conserve energy Poles quickly adjust to your preferred height Collapses for easy transport Power Lock mechanisms for ease of use Contoured hand grips Adjustable wrist straps Removable baskets Extended: 140cm (55') Collapsed: 65cm (25-1_2") Weight: 1 lb. 2 oz. pr. Material: Shaft: Aluminum Handle: Composite Tip: Carbide Sold as a pair By Komperdell of Austria Made in Austria

Price: $69.95

Item: 151047 Retail: $119.95

Komperdell Contour Titanal Trekking Poles - Anti-Shock, Pair
CLOSEOUTS . Komperdell Contour Titanal trekking poles feature a built-in anti-shock mechanism to reduce impact on wrists, as well as an extended grip zone for extra versatility. Komperdell poles stabilize footing on the trail, relieve pressure on joints and help conserve energy Extremely lightweight and strong Titanal shaft Anti-shock mechanism can be turned on and off Contoured handle with extended grip zone Adjustable wrist straps Removable baskets Extented: 140cm (55") Collapsed: 74cm (29") Weight: 15.8 oz. pr. Material: Shaft: Titanal Handle: Foam Tip: Carbide Sold as a pair By Komperdell of Austria Made in Austria

Price: $109.95

Item: 151043 Retail: $169.95

Komperdell Trekking Poles - Anti-Shock, Pair
CLOSEOUTS . Anti-shock trekking poles from Komperdell of Austria give you the power of endurance in the palm of your hand. Lightweight, adjustable poles promote posture while carrying a pack and minimize swollen fingers by increasing circulation. Anti-shock Alloy shaft with shock absorber Steel tip Cork grip and handle Nylon wrist straps Adjustable 110-145 cm Collapsed: 68cm Length: 110-145cm Weight: 1 lb. 7 oz. pr. Sold as pair Made in Austria.

Price: $69.95

Item: 85649 Retail: $109.95

Komperdell Trekking Poles - Standard, Pair
CLOSEOUTS . Trekking poles from Komperdell of Austria give you the power of endurance in the palm of your hand. Lightweight, adjustable poles promote posture while carrying a pack and minimize swollen fingers by increasing circulation. Alloy shaft Carbide flex tip Cork grip and handle Nylon wrist straps Adjustable: 105-140cm Collapsed: 63cm Weight: 1 lb. pr. Sold as pair Made in Austria.

Price: $59.95

Item: 85650 Retail: $89.95

Komperdell Winter Trekking Pole Baskets - Pair
CLOSEOUTS . Extend the use of your Komperdell trekking poles with these winter baskets, designed for snowshoeing, backcountry skiing and Nordic touring. Sold as a pair Diameter: 3" Material: Composite CLOSEOUTS . Austria.

Price: $7.95

Item: 86310 Retail: $9.95

Komperdell Guide Foam Trekking Pole with Camera Mount - Anti-Shock
CLOSEOUTS. Komperdell's Guide foam-handled trekking pole steadies your stride, absorbs shock, reduces strain and doubles as a camera mount for sharp images. Anti-shock mechanism clicks on to reduce downhill impacts and off for uphill power. Top unscrews for use as a camera mount Adjustable nylon wrist strap Comfortable foam handle Summer basket Tungsten-carbide flex tip Extended length: 145 cm. Collapsed length: 73 cm. Weight: 8 oz. Material: Aluminum and composite Manufactured by Komperdell of Austria Made in Austria. Colors may vary.

Price: $59.95

Item: 81661 Retail: $89.95

Komperdell Contour Titanal Trekking Poles - Compact, Anti-Shock, Pair (For Women)
CLOSEOUTS . Komperdell Contour Titanal trekking poles feature a built-in anti-shock mechanism to reduce impact on wrists, as well as an extended grip zone for extra versatility. Komperdell poles stabilize footing on the trail, relieve pressure on joints and help conserve energy Extremely lightweight and strong Titanal shaft Anti-shock mechanism can be turned on and off Contoured handle with extended grip zone Adjustable wrist straps Removable baskets Extended: 130cm (51") Collapsed: 64cm (25-1_2") Weight: 15 oz. pr. Material: Shaft: Titanal Handle: Foam Tip: Carbide Sold as a pair By Komperdell of Austria Made in Austria

Price: $109.95

Item: 151044 Retail: $169.95

Komperdell Pure Carbon Trekking Poles - Power Lock, Compact, Pair (For Women)
CLOSEOUTS . Komperdell Pure Carbon Power Lock trekking poles incorporate carbon fiber shafts to shave weight, helping you hike longer and farther. Komperdell poles stabilize footing on the trail, relieve pressure on joints and help conserve energy Women-specific design Extremely lightweight carbon shaft Power Lock mechanisms for ease of use Ergonomic foam hand grips Adjustable wrist straps Removable baskets Extended: 125cm (49") Collapsed: 66cm (26") Weight: 13.6 oz. pr. Material: Shaft: Carbon Handle: Foam Tip: Carbide Sold as a pair By Komperdell of Austria Made in Austria

Price: $119.95

Item: 151046 Retail: $199.95

Komperdell Southern Cross Trekking Poles - Pair
CLOSEOUTS . Komperdell Southern Cross are excellent all-around trekking poles for everyday hiking, backcountry exploration and light alpine trekking. Komperdell poles stabilize footing on the trail, relieve pressure on joints and help conserve energy Twist-lock mechanisms for easy adjustments Contoured handle grips Adjustable wrist straps Removable baskets Extended: 140cm (55") Collapsed: 63.5cm (25") Weight: 1 lb. 1 oz. pr. Material: Shaft: Aluminum Handle: Composite Tip: Steel Sold as a pair By Komperdell of Austria Made in Austria

Price: $49.95

Item: 151048 Retail: $79.95

Leki Wanderfreund AergoMed Trekking Pole - Super Lock, Single
Discontinued or prior year model . Leki's cane-style Wanderfreund AergoMed trekking pole can be used as a cane or a tall staff to decrease joint strain and increase stability during walks and hikes on gentler terrain. The wide AergoMed grip allows the hand to grip naturally, decreasing hand and wrist fatigue. AergoMed grip has a wide grip area designed specifically for trekking and touring 360° turn-back Super Lock System locks into the perfect length and securely holds up to 300 lb. Carbide flex tip with rubber tip attachment for use on pavement or indoors Length: Adjusts to 122cm (48") Collapsed: 60cm (23-1_2") Weight: 8.8 oz. Material: 7075 aluminum Sold singularly By Leki of Germany Made in Czech Republic U.S. shipments only

Price: $34.95

Item: 156365 Retail: $49.95

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