Sales were down 3.4% from April and 8.6% from one year ago.
New home sales are down 26.9% compared to April 2021.
Home prices nationwide increased year over year by 20%.
Dozens of cities across the country have banned natural gas hookups in newly constructed buildings.
On a year-over-year basis, sales were 2.0% lower than a year ago.
The data show that the city’s wealthiest neighborhoods experienced the most population loss.
The 20-City Composite posted a 19.7% year-over-year gain, down from 20.0% in the previous month.
The housing market is yet again on a tear with home prices up nearly 19% nationally compared with last year
Prices paid for goods used in residential construction ex-energy rose 3.6% in May.
Prices paid for goods used in residential construction ex-energy rose 1.7% in April and have increased 12.4% over the past…
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