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The price of lumber took off on the upside from a low at $214.40 per 1,000 board feet in September 2015 when many other commodity prices were hitting multiyear lows. After rising above the 1993 record peak at $493.50 in late 2017, the price kept on going on the upside in 2018, reaching a high at $659 in May of last year. The move to over 33.5% above the previous record level came to a sudden halt, as the price dropped to just under $300 per 1,000 board feet only five months later in October