Could one or more new homes be rentals instead?
Just saw this up at the Wall Street Journal. Millennials are not the only ones having a hard time finding a home, renters are having the same problems. This drives up the value of the homes. Days on Market on the Southside of Jax are still ludicrous at under 90 days, 3 months. I would not be surprised to see a number of new homes that have been moved over to rentals.
Wall Street Journal Article Big landlords hungry for rentals and building them.