New Home Sales Rise in August by Largest Amount in 5 Months " l9 V8 Q; {4 V3 B) G2 [5 J
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2 C. b. ?4 @' 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.6 G8 [( r" m7 u l6 z: H
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.