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 factors are contributing to the capacity constraints in the home sales market?

How did the Conference Board data on consumer confidence change, and what does it indicate?

What were the new home sales numbers reported, and how do they compare to market expectations?

Discuss the implications of the recent increase in home prices as reported by the S&P Case-Shiller CoreLogic numbers.

What historical economic issues are referenced in relation to wage demands and inflation?