Consumer Spending Trends and Retail Sales Outlook

The chapter delves into the expectations for the upcoming retail sales data and consumer spending trends in the U.S., projecting a modest rebound in consumer spending with a cautious shift towards essential goods and lower value items. It discusses the potential impact of moderating inflation, auto sector sales, and the challenges faced in the housing market due to high prices and limited supply. The conversation also touches on the differences between smaller and larger builders in accessing capital and developing properties in the housing market.