New Home Sales Rise in August by Largest Amount in 5 Months ) c' a) ?, u' C % h4 V2 E) O2 C3 s$ u 8 @) }$ |( a+ Y* RWASHINGTON (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.! ?' y# P1 V+ M" J; C, @* [1 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.