New Home Sales Rise in August by Largest Amount in 5 Months 3 X& B) X' {. |! R
2 E* y( N. d6 z: G: _4 l5 o5 ?' s& E
/ T$ D) Y& A8 b7 R8 h0 b9 h' q- eWASHINGTON (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.9 v7 P0 |$ g9 `0 t/ Z3 r
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.