US Consumer Confidence Rises as New-Home Sales Slump

The video discusses the rise in consumer confidence, with a reading of 111.7, up from previous months. However, the housing market faces challenges with a significant drop in new home sales and rising prices. Inflation expectations have declined, and while job availability seems promising, there is uncertainty about the labor market. The upcoming jobs report is anticipated to provide more clarity.

What was the consumer confidence reading in the latest report?

• 108.7

• 110.5

• 111.7

• 109.6

By what percentage did new home sales drop in October?

• 20.1%

• 17.3%

• 15.2%

• 10.5%

How much did housing prices increase last month according to FHA, FH, FA?

• 1.0%

• 0.7%

• 0.5%

• 1.2%

What is the current consumer confidence reading for the present situation?

• 160.3

• 150.2

• 130.5

• 140.9

What percentage of consumers believe jobs are plentiful?

• 33.4%

• 34.1%

• 35.2%

• 36.5%