New Home Sales Rise in August by Largest Amount in 5 Months . x4 J1 u8 i! S5 }1 F - B, [8 G0 ]( X/ k* F" _* u5 u
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.$ U. O, {. q9 B
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.