New Home Sales Rise in August by Largest Amount in 5 Months 8 [8 u z, P z$ m+ A3 S
$ H$ F8 O. l: q+ z5 ? . j- a# z8 w0 b% C6 QWASHINGTON (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. $ n& W( Y9 r, z: P# lSales 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.