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How so? This is about home ownership. People who own homes don't want new apartment buildings going up next to them so vote against that. But apartment buildings do not have home owners.
People are perfectly fine living in suburban sprawl which is what NIYMBism is most often associated with. So there is some argument that this causes higher rent but it seems quite the stretch to apply it to also blame it on home prices.
First of all, dense housing can be townhouses and condos that are owned, so "apartment buildings do not have home owners" is a bit of a red herring.
Second, The law of supply and demand is a thing. When density is prohibited by law due to NIMBYism, supply can't meet demand and prices go up. In other words, the absence of dense housing -- even rental apartments -- makes it harder for first-time buyers than it otherwise would be.