Sales of new homes tumbled across the nation by 11 percent in November.
The news comes a day after Banker & Tradesman reported positive single-family and condo numbers in Massachusetts in November.
Okay, we’re not comparing apples to apples – USA vs. Massachusetts, and new homes vs. existing homes/condos. But the national numbers do show that 1.) it is a little unclear where the national market is headed, based on these numbers. 2.) the housing market continues to be propped up by government tax credits and low interest rates.
The thinking here is that Massachusetts, which has weathered the housing and economic turmoil better than the rest of the nation, is showing genuine signs of early recovery. More evidence is needed to determine how deep and long-lasting the recovery might be, though.
