Sales of new U.S. homes rose to 2-year high in September

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A "SOLD" SIGN stands outside a new home under construction in a housing development in Peoria, Ill. Purchases of new homes in the U.S. rose to the highest level in more than two years in September. / BLOOMBERG FILE PHOTO/DANIEL ACKER
WASHINGTON - Purchases of new U.S. homes rose in September to the highest level in more than two years as the industry that helped bring on the recession forged its way toward recovery. Sales climbed 5.7 percent to a 389,000 annual pace, the most since April 2010, following a revised 368,000 rate in August, figures…
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