New Home Sales Rise in August by Largest Amount in 5 Months , N% a" \$ o1 c% J7 V: V7 s& e 2 s0 J& Q0 G& O& m/ s" p. W G: P7 c0 r3 _1 Q2 f2 A: `
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.2 G/ v( Y: a# x- v$ i
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.