New Home Sales Rise in August by Largest Amount in 5 Months " G. \8 ~/ f' C0 y- a( }- Y
4 y8 B$ x% f) c$ a" u7 b. x+ w, n/ Y
& M) g) G' W: m; y1 H% JWASHINGTON (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.+ b. d0 `, F! M* D" 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.