Growth rings
In 2012, timberland returns were the best since 2008, as the U.S. housing market showed signs of rebounding.
Sources: National Association of Realtors, Bloomberg LP, National Council of Real Estate Investment Fiduciaries
Housing starts have reached a post-recession high and are forecast to continue to increase, with the year-over-year growth rate leveling off in the third quarter of 2013.
Sources: National Association of Realtors, Bloomberg LP, National Council of Real Estate Investment Fiduciaries
After hitting multiyear lows following the housing market collapse, lumber prices are at levels not seen since 2005.
Sources: National Association of Realtors, Bloomberg LP, National Council of Real Estate Investment Fiduciaries
Returns for the NCREIF Timberland Index rebounded in 2012 with a gain of 7.8%, following three years of meager results.
Sources: National Association of Realtors, Bloomberg LP, National Council of Real Estate Investment Fiduciaries
For the 12 months ended Jan. 31, the FTSE NAREIT Timber REITs index posted a return of 40%, vs. 16.7% for the overall equity REIT index.
