New Home Sales Rise in August by Largest Amount in 5 Months 9 n6 T# P, P4 r1 w, C1 R8 Y: G
$ t8 H& n/ T9 A
' M6 H2 Q$ ^* Z. h! b. v
WASHINGTON (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.4 n# z3 ]4 L3 Q7 l. O) W- ]: D
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.