The Energy Price Index decreased 2.2 percent in November, after a 2.4 percent increase in October, while food prices increased by 0.2 percent, according to National Association of Home Builders research.
Construction starts of buildings with five or more units were 4.5 percent below the October 2017 level.
Construction starts for properties consisting of at least five units were up 4.5 percent year-over-year in September.
Construction starts of projects with five or more units were up 37.1 percent year-over-year in August.
Sales of existing condominiums and cooperatives rose by 1.6 percent at a seasonally adjusted annual rate to 620,000 units in April.
Starts of buildings with five or more units rose by 16.1 percent at a seasonally adjusted annual rate in March 2018 to 439,000, after an 11.7 percent decrease in February.
The months’ supply of homes increased to 3.7 months in February, from 3.0 months in January. Median prices on condos and co-ops nationwide rose by 5.7 percent over the past year to $227,300 in February.