New Home Sales Rise in August by Largest Amount in 5 Months : a: Q3 I5 V# Q7 h( f* I& a5 G7 G! @4 P; Y8 g! A5 B
" V9 E* q( R. X# |0 h# n& ^# KWASHINGTON (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.9 F" J+ r5 T \2 W1 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.