New Home Sales Rise in August by Largest Amount in 5 Months 2 W+ b; c% i/ }) Y& t$ e" b/ \: ^
/ j* ^/ k7 T' V! }7 S- `! ?. S 0 T$ P+ a! C& {1 K6 Y, {+ RWASHINGTON (AP) -- Sales of new homes posted the biggest increase in five months in August, raising hopes that the steep slide in the housing industry may be leveling off.7 a9 M, T: P* d. C# w0 r
Sales of new single-family homes increased by 4.1 percent last month to a seasonally adjusted annual rate of 1.05 million units, the Commerce Department reported Wednesday. It was the biggest increase since an 8 percent gain in March.