WY - Never Liked Weyerhaeuser? Time for a Fresh Look.
2023-06-28 06:00:00 ET
The past year has been pretty awful for companies in the residential real estate industry. The rapid increase in interest rates threw a wet blanket on the entire sector. Mortgage originators have struggled with collapsing mortgage volume. Mortgage real estate investment trusts (REITs) have seen the value of their asset portfolios underperform Treasuries. Homebuilders have struggled with affordability issues.
That said, the homebuilding sector has been showing some signs of life, and the entire real estate sector might be bottoming. If a rebound in homebuilding is coming, then a big beneficiary will be timber REIT Weyerhaeuser (NYSE: WY) .
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Never Liked Weyerhaeuser? Time for a Fresh Look.