Natural gas price surges echo past inflationary trends, often foreshadowing rising consumer costs; Lumber prices up 19.8% year-over-year.

#DEC

With its resources the US will be OK. But I doubt Europe will be able to dodge this bullet again.

Full blown depression there by end February 2025.

— Wizard of Windsor (@WizardofWindsor) November 20, 2024

Lumber prices are now 19.8% higher than they were one year ago

The framing lumber composite price increased 1.4% for the week ending on Nov. 15, marking the seventh consecutive weekly increase and reaching its highest level since August of 2023. Lumber prices are now 19.8% higher than they were one year ago.