New constructions are a positive sign for the housing market.

Introduction

Housing starts rose by 15% in November to reach 1.56 million units, the highest level since May. Single-family housing starts increased by 18% from October figures. Building permits declined slightly to 1.46 million units, which is an indicator of future construction levels.

Improvement in New Constructions

Data from the U.S. Census Bureau showed that housing starts in November reached a seasonally adjusted annual rate of 1.56 million units. This marks the highest rate of new housing construction since May, indicating a potentially strong housing market recovery despite the slight decline in building permits.
Source: https://www.investopedia.com/new-construction-jumps-in-another-good-sign-for-housing-market-8417904