WASHINGTON, July 25 -- The National Association of Home Builders issued the following news release:

* * *

Home Sales Edge Higher as Affordability Challenges Persist

Affordability challenges continued to weigh on the new-home market in June, as elevated mortgage rates, rising inflation and broader economic uncertainty kept many prospective buyers on the sidelines.

Sales of newly built single-family home rose 1.6% in June to a seasonally adjusted . . .

Click here for more information about our products