U.S. New-Home Sales Slip as Prices Surge Higher

The video discusses recent economic data from the US, focusing on new home sales, consumer confidence, and inflation. New home sales are slightly below expectations, with revisions to previous data. Despite this, sales remain above pre-pandemic levels, though the market faces capacity constraints. Consumer confidence has dipped slightly, impacting Federal Reserve discussions. Home prices have seen significant year-over-year increases, raising questions about inflation. The video also explores potential wage demands and historical economic challenges from the 1960s and 70s.

What was the revised number for new home sales in the previous month?

• 917,000

• 950,000

• 863,000

• 1,000,000

What is the current consumer confidence index according to the Conference Board data?

• 115.5

• 121.7

• 117.2

• 120.0

How much did the S&P Case-Shiller CoreLogic home price index increase year-over-year?

• 12.0%

• 10.5%

• 14.5%

• 13.3%

What is a potential concern if home prices in the CPI start to rise?

• Federal Reserve facing inflation issues

• Decrease in consumer spending

• Higher interest rates

• Increased unemployment

What historical period is mentioned in relation to wage demand concerns?

• 1990s and 2000s

• 1960s and 1970s

• 1950s and 1960s

• 1980s and 1990s