New Home Sales Rise in August by Largest Amount in 5 Months ! e/ Z+ j! O1 O3 A! Q t/ J: I+ u9 }/ T( J N8 |5 A
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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.; y6 N* _% z' |% i6 K7 ?3 T1 ^! O
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.