Lumber prices appear to be continuing their trajectory back toward earth after unprecedented increases this past year. Lumber prices peaked at around $1,515 in May but fell $90 to $485 per thousand board feet last week, a 68% drop from the May peak and the lowest price point for lumber since June 2020, Fortune reported.

The drop appears to be due in part to a decline in DIY projects, which boomed during the pandemic, the Globe and Mail reported.