There’s a lot of conjecture about whether the boom in home is here to stay. We’re worried about inflation. Really, with manufacturers and retailers to pay higher wages to entice workers to start and stay at their jobs, the rise of raw material prices, and the expense of logistics, where is the breaking point? When will consumers say, “I’ve had enough—I’m not spending another dime at these prices”?
Spending by U.S. consumers in major cities is up more than 15% compared to two years ago, fueling a rapid economic recovery that remains on fragile footing as we’ve entered 2022.