Investor Relations - Timber and Real Estate Performance
$80
$70
$60
$50
$40
$30
$20
$10
-
500
Rayonier
(starts in 000s / US$ per ton)
2,500
Housing Starts Are Key Driver of Sawtimber Pricing
Annual Housing Starts vs. Real Pine Sawtimber Prices
2,000
1,500
1,000
500
.
1990
1991
1992
1993
1994
1995
Housing Starts
1996
1997
1998
1999
2000
2001
2002
2003
1.5mm starts = $46 sawtimber
Pine Sawtimber
2004
2005
2006
2007
2008
2009
2010
Annual Housing Starts vs. Real Pine Sawtimber Prices – Regression Analysis
-
750
1,000
1,250
1,500
2011
2012
2013
2014
2015
2016
2017
U.S. South sawtimber pricing has historically trended in line with residential construction:
~1.5 million starts = ~$46 sawtimber.
Source: Timber Mart-South South-wide Average Sawtimber Prices.
Note: Prices are adjusted for inflation and coverted to 2014 dollars based on the Producer Price Index (PPI).
Investor Relations | May 2017
1,750
y = 0.0237x+ 10.305
R = 0.5852
2,000
42
2,250
$80
$70
$60
$50
$40
$30
$20
$10View entire presentation