The company primarily acquires entitled real estate and develops it into finished residential lots for sale to homebuilders with a strategic focus on asset turns and efficiency.

[6] The Company primarily invests in short duration, phased development projects that generate returns similar to production-oriented homebuilders.

[8] The company's origins date back to the 1955 incorporation of Lumbermen's Investment Corporation, which in 2006 changed its name to Forestar (USA) Real Estate Group Inc.

In 2001, Forestar opened an office in the Atlanta area to manage nearby land with a focus on its long-term real estate development potential.

In September 2012, Forestar acquired CREDO Petroleum, an oil and gas exploration, development and production company with leasehold interests in over 135,000 net mineral acres.

[14] On 12 June 2020, Forestar Group Inc. CFO James Douglas Allen in a deal purchased 5,200 shares of the company 's stock.