A Slow Housing Market Pulls Down Weyerhaeuser's Results

A Slow Housing Market Pulls Down Weyerhaeuser's Results

The housing recession took a toll on a number of sectors last year, including mortgage bankers and mortgage real estate investment trusts (REITs). Rising interest rates caused a collapse in mortgage-banking revenue and severely dented the balance sheets of the mortgage REITs. One of the biggest suppliers to the residential construction industry is timber REIT Weyerhaeuser (NYSE: WY).