I called my new home page "home" and it's permalink is website.com. In the reading settings, it set to a static page and the home page is set to "home".
I renamed the old home page to something new: "old home page" (its permalink is website.com/homepage3). When you type in website.com, I get an error:
"PAGE NOT FOUND STAY CALM AND DON'T FREAK OUT! Unfortunately, the page you are looking for is unavailable. Trying visit our Homepage and starting from there."
When you click on the "homepage" link in this message, it takes you to the correct, new home page.
Wordpress is telling me that the PHP is old. Could that be the cause of this?