4th Quarter 2012 TMR is up and can be accessed by clicking the above link. Dr. Jacobson's comments: Lumber prices are bouncing back as the housing market picks up, but the stumpage and log prices are lagging a little. However, there is positive, albeit small, price increases for most of our species. As lumber demand picks up further expect mills to replenish inventories and expand production. Then prices should trickle down to the stump.