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HOMZ - The Consumer Is Spending A Major Driver To The Economic Recovery
Hoya Capital Housing
Consumer confidence has yet to reach the higher pre-pandemic level, but it is moving up from its low after not declining as much as it did during the financial crisis.
Two big ticket purchases for the consumer are a home and an automobile.
As is the case with housing, auto inventories are running at low levels relative to sales with the auto inventory to sales ratio also near a record low of 1.9:1.