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New Home Sales Rise in August by Largest Amount in 5 Months : L/ ^+ o+ p: |0 Y1 h# A
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# B8 y, f# J, lWASHINGTON (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.
! g. r* @3 r6 J/ v6 w, f2 Y d8 fSales 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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