It is a possibility, but I heard the same thing during the last spike.
Of course, if there is hyperinflation it may be three times your target.
What caused the major correction last time was when Home Depot and Lowes told their supplies on Memorial Day to stop shipping product. That they had too much inventory.
The other factor was that lumber got so high that it was being talked about regularly on Fox Business, The Wall Street Journal and other equities publications. Typically, in the past whenever lumber is mentioned/noticed by the major news outlets it is the kiss of death to the market.