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
6 c6 S) h* L6 `  Q
+ \4 T, p" z: v" Y+ g7 z( Z
2 c# O: C! ?" u# j* n5 rWASHINGTON (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.
0 l5 m; [1 Z: L$ Y# n6 DSales 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.