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The high cost of lumber has challenged the construction industry this past year, but there may be some relief in sight. Prices have been pulling back a bit, but how far will they go? Industry experts are expecting a building boom, and that could put more pressure on the price of lumber and other materials in short supply, like paint. As reported by CNBC, lumber futures have been pulling back in the last month, after a huge surge during the pandemic. (1) For July deliveries, they were down more than 5% to $1,158 per thousand board feet. That’s off about 30% from a record high of $1,711 on May 10th. Lumber Prices Off Their Record High But even with that pullback, lumber prices have risen more than 200% in the last year. And that’s adding about $36,000 to the average price of a home, according to a recent report. (2) One lumber industry insider told CNBC that it might make sense to hold off a bit on a project if you can, because of high wood costs. Kyle Little of Sherwood Lumber says: “We do see some relief over