Yes, it’s true that the builders are able to sell home.
Now, that’s largely b/c they reduced prices to attract buyers. For every new house sold, there is a re-sale house not being sold. In this market, the builders are simply stealing sales away from the re-sale market.
The fact that builders are able to sell-out a phase is NOT because of strong demand. It is because of their pricing strategy.
Most people don’t understand this. When they see builders selling well, they think: the market has reached the bottom, let’s buy 🙂
