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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 Vario Trekking Pole Summer Baskets - Pair
CLOSEOUTS . Komperdell's Vario trekking pole summer baskets provide extra flotation for sandy and muddy terrain... compatible with your Komperdell trekking poles. Sold in a pair Diameter: 2-1_4 (1_4" depth) Weight: 1 oz. Material: Composite By Komperdell of Austria Made in Austria.

Price: $7.95

Item: 81620 Retail: $9.95

Leki ThermoLite Aergon Trekking Poles - Super Lock, Pair
Discontinued or prior year model . Save your knees and back from the stress of hiking and backpacking with Leki's lightweight ThermoLite Aergon trekking poles, featuring a breathable Aergon Thermo grip that positions your hands and wrists at a comfortable, neutral ergonomic angle. Aergon Thermo grip places hands and wrists at a positive angle Super Lock System holds 300 lb. securely Lightweight design is perfect for backpacking Interchangeable basket system (extra baskets not included) Length: Adjusts to 135cm (53") Collapsed: 63.5cm (25") Weight: 1 lb. pr. Material : Aircraft-grade aluminum, carbide flextip Sold as a pair By Leki of Germany Made in Czech Republic U.S. shipments only

Price: $89.95

Item: 156362 Retail: $129.95

Easton ATR-50 Adjustable Trekking Poles - Pair
CLOSEOUTS . Easton ATR-50 adjustable trekking poles improve endurance and stability by balancing weight and shock distribution. Take on summer day hikes or attach the included winter baskets for snowshoeing. Advanced lightweight 6063 aerospace aluminum construction Rock-Lock easy adjust clamp system Neoprene lined adjustable strap and EVA comfort grip handles Two-section design for extremely compact storage Summer and winter baskets both included Adjustable: 130cm Collapsed: 76cm Weight: 1 lb. pr Material: 6063 aluminum alloy Tip material: Tungsten carbide Sold as a pair Made in Taiwan

Price: $36.95

Item: 163473 Retail: $49.99

Komperdell Rubber Tips for Walking Poles
CLOSEOUTS . Rubber tips from Komperdell of Austria convert your walking pole into a cane on sidewalks and smooth surfaces -- and also protect your pole tips en route to the trailhead. Sold as a pair Made in Austria.

Price: $6.95

Item: 86281 Retail: $9.95

Leki Wanderfreund AergoMed Trekking Pole - Anti-Shock, 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 Soft Anti-Shock minimizes jolts, and 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 Soft Anti-Ahock softens jolts and bumps 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 Aircraft-grade aluminum and high modulus carbon pole Rubber and composite COR-TEC grip Length: Adjusts to 118cm (46-1_2") Collapsed: 62cm (24-1_2") Weight: 8.8 oz. Sold singularly By Leki of Germany Made in Czech Republic U.S. shipments only

Price: $49.95

Item: 156364 Retail: $69.95

Komperdell Leather Snowbaskets for Ski and Trekking Poles
CLOSEOUTS . When deep powder calls, respond with Komperdell's leather snowbaskets for ski and trekking poles. Large size provides excellent support Convert summer trekking poles into winter-time poles Designed for use with Komperdell ski and trekking poles Sold as a pair Depth: 3/8" Diameter: 5-1/8" Weight: 3.6 oz. pr. Material: Leather and polymer By Komperdell of Austria Made in Austria.

Price: $19.95

Item: 105673 Retail: $29.95

Mountainsmith Trekking Poles - Paired
CLOSEOUTS . Reach the pinnacle of your adventure with this pair of Mountainsmith trekking poles, offering adjustable length and a built-in anti-shock mechanism that can be switched on for accents and off for stability during descents. High-strength 6061 aluminum shaft adjusts 27-53" in length Built-in anti-shock mechanism can be turned on or off Ergonomic molded TPR hand grip Adjustable webbing wrist strap Carbide tip for ice and rock Removable rubber tip cover Removable trekking basket Sold as a pair Adjusts: 27-53" Weight: 1 lb. 12 oz. pr. Made in China.

Price: $24.95

Item: 122293 Retail: $40.00

Komperdell Walking Pole with Cork Grip Cane - Anti-Shock
CLOSEOUTS . A stylish alternative to a cane, this collapsible walking pole keeps you steady and balanced... after knee surgery or any time you or an elderly family member need an extra leg to walk on. Rubber tips recommended for sidewalks and other hard surfaces. Cork cane grip Carbide tip Collapsed: 22" Extended: 39-1_2" Weight: 9.4 oz. Material: Aluminum Made in Austria.

Price: $38.95

Item: 85399 Retail: $59.95

Leki Luau Trekking Poles - Pair (For Women)
Discontinued or prior year model . Leki's Luau trekking poles feature AERGON Thermo Grips, designed specially for trekking and touring. Their edgeless shape allows for a variety of grip options. Integrated security strap Super Lock system adjusts pole length quickly and easily Interchangeable Basket System Cork handle specially contoured for a woman?s hand Carbide tip Sold as a pair Adjustable: 125cm Collapsed: 61cm Weight: 13.8 oz. pr. Material: Aircraft-grade aluminum and high-modulus carbon By Leki of Germany Made in Czech Republic U.S. shipments only

Price: $82.95

Item: 142689 Retail: $119.95

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