New U.S. Home Sales Rise 0.2% After August Revision

The video discusses new home sales data for September, noting a slight rise to 467,000, just below estimates. August figures were revised down, impacting expectations. Michael McKee provides an analysis, highlighting factors like household formation and existing home inventory affecting sales. The discussion also covers historical sales levels and their impact on GDP.

What was the reported increase in new home sales for September?

• 1.0%

• 0.8%

• 0.2%

• 0.5%

Who provided the analysis on the new home sales data?

• Mia Saini

• Michael McKee

• Fannie Mae

• Freddie Mac

What was the revised annual selling rate for new home sales in August?

• 504,000

• 500,000

• 467,000

• 466,000

What is one reason for the reduced confidence among builders?

• Increased construction costs

• High interest rates

• Lack of skilled labor

• Slow household formation

How do new home sales impact GDP?

• They have no impact on GDP.

• They directly contribute to construction spending and employment.

• They are a minor factor in GDP calculations.

• They only affect GDP if sales exceed 1 million annually.