No wife .. No child!
To foretell the future of the House of Isreal, the prophets were using the metaphoric stories of the birthing of children and their metaphoric names. Let's see an example of that, first in Hosea because it is very clear.
To speak about the future of the House of Isreal, God ordered Hosea to know his woman to give birth to a girl and to name her "Loruhamah" (which means "No mercy"), and God said "as for I will no more have mercy upon the House of Israel, but I will utterly take them away" Hosea 1:6.
So in reality Hosea did not marry or have a girl with the name "No Mercy" .. No girl ever had this name. It is all a symbolic story that uses the name (Loruhamah/No mercy) to indicate the future of the House of Israel.
Immanuel is not an exception.
But unlike the name Loruhamah which indicated near destruction, the baby's name now is Immanuel symbolizing the wonderful near future for the sons of Yaccov. It indicates that God "will be with his people, the Jews", and they will conquer their enemies, God is with us, therefore, there is no reason for Ahaz to fear his enemies because he heard this promise of God.
The whole point then is "God will be with Zion" or as Isaiah metaphorically pictured it: the virgin (he means Zion) will have a son (he means a future), and his name will be Immanuel (he means that future will be wonderful and victorious, the future is "God is with us"). So Ahaz do not worry.
Later, the New Testament writers were able to discern some of these Old Testament metaphoric pictures and to see how they are indicating and referring to specific real events that actually took place later in Jesus' life. They could see how an actual virgin will literally bear a son and he will actually represent the presence of God with us.
They believed that the Old Testament acted as a shadow of the New Testament. By that, the metaphorical pictures turn to be literal events.
Whether Immanuel was an actual name used by Jews or a name invented by Isaiah, it was used by the New Testament writer to be applied to Jesus, not to be his actual name but to indicate a state that God is with us and to be a fulfillment of a prophecy.