New Home Sales Rise in August by Largest Amount in 5 Months 9 B* {9 N$ r+ t. B / @: ~6 w9 Z% P, M; ]* Y4 |. Q" [) g/ _/ ]" e7 t1 v" s6 i
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. ; _: `6 p1 \; j/ O0 NSales 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.