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 percentage increase in new home sales for September?

How did the new home sales figure for September compare to analysts' estimates?

What were the reasons given for the decline in new home sales?

What is considered a normal level of new home sales according to the discussion?

What impact do new home sales have on GDP according to the text?