New Home Sales Rise in August by Largest Amount in 5 Months 0 d# O% g) m* B7 P" }- b4 I& B; {
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0 H1 y; S9 Q, p' q: n$ l; A# VWASHINGTON (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 o# N3 v& W5 z' u9 b
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.