Real Estate investing always falls 9 months behind Stock Market investing.
It’s a behavior pattern that’s unbelievably predictable.
While it’s POSSIBLE that people are living in these new homes… it’s far more likely to be empty homes for rent, homes built and bought quickly (new neighborhoods built by construction companies and bought by people scared of a drop in the stock market bubble),
I think there is also a technical reason behind the 9 month lag but as these are new home construction, i don’t think it’s as much for technical reasons.
I don’t know if that’s it as it takes a bit of time to build a home. BUT – it’s possible those new home sales were from Home Insurance, Flood Insurance and FEMA money from people whose houses were devastated.
So yea – I think you’re onto something with that.