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New Home Sales Rise in August by Largest Amount in 5 Months 5 f! C3 q) d$ `$ B, X
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; P! N5 @& V% r/ vWASHINGTON (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.
( C! M$ A0 m# g6 Q, w @0 M2 oSales 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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