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New Home Sales Rise in August by Largest Amount in 5 Months 0 Z/ ]6 [( i, M: U. }8 F7 }. B" W
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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.$ G: ], |- i; K/ Z, D8 u2 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. |
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