New-Home Sales in U.S. Unexpectedly Fall to 4-Month Low

The video discusses the economic landscape in November, highlighting a 1.4% decline in new home sales, contrary to economists' expectations of a 0.4% rise. Despite a 5% GDP growth in Q3, the economic picture remains mixed due to disappointing durable goods orders. Consumer spending rose by 0.6% and incomes by 0.4%, aligning with estimates. Overall, the data presents a complex economic scenario.

What was the economists' expectation for new home sales, and how did the actual results compare?

What does the overall economic picture look like based on the data presented?