The Chipotle of homebuilding... Instead of BYOB, Lennar and KB Home help you build-your-own-home. The housing market has been #thriving since millions of Americans ditched city-living for pandemic-friendly suburbia. Demand is still sky high, with housing inventory sitting at 40-year lows. But last month, home sales dropped for the first time in over a year. We’ll see if homes are still booming when Lennar and KB Home, two of America’s largest homebuilders, drop earnings this week.
Limited breadsticks… As eager foodies return to indoor dining, restaurants are having a hard time keeping up with demand. Supply chain and labor shortages have forced some eateries to trim menu items and shorten hours. And many small restaurant owners have seen a surge in operating costs due to rising prices (#din-flation). Last quarter, Cracker Barrel and Olive Garden-owner Darden Restaurants said sales were almost back to pre-pandemic levels. We’ll see if the rebound continued when they serve up quarterly earnings.