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


WASHINGTON (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.
1 ^' w( z1 ^, A- d7 W% |( z2 ?8 u/ YSales 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.