New Home Sales Rise in August by Largest Amount in 5 Months 0 D8 [5 n$ [2 Q# f% d 9 t) {" l7 O9 L& f5 i( L' m* h1 @" C; t- L8 I$ c+ O# q
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. 4 T2 {3 G6 o4 x' L$ WSales 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.