New Home Sales Rise in August by Largest Amount in 5 Months

WST

New Home Sales Rise in August by Largest Amount in 5 Months
, u& G5 g& m/ W# ]: U
/ F# n: \6 [3 k: ^, t4 \
4 K; i3 ?- x& @' x$ R$ DWASHINGTON (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.
3 O3 w% }% X  F$ B% WSales 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.