Real Assets Investments Blog - Harrison Street Private Wealth

Timberland Demand Drivers Appear to Be Growing

Written by Harrison Street Private Wealth | Sep 23, 2025 3:45:00 PM

We believe several U.S. market trends are creating a positive backdrop for timberland investing:

  • Steady Housing Activity: In June 2025, U.S. housing starts reached 1.32M annualized units, according to the U.S. Census Bureau (slightly below the long-term average of ~1.5M but higher than early-2010s levels under 1M), supporting consistent lumber demand.
  • Mass Timber Momentum: Engineered wood products like CLT have been increasingly used in commercial and industrial projects, expanding demand beyond traditional housing.
  • Market Growth Ahead: According to Grand View Research, the U.S. timber construction market is projected to grow from $4.12B in 2024 to $9.08B by 2033. Growth is expected to be fueled by rising adoption of “mass timber” in large-scale commercial projects, sustainability mandates and the push for lower-carbon construction materials.

Together, we believe these trends point to a diversified and growing market for forest products, a potentially positive signal for timberland’s long-term value potential.



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