Japanese firms are quietly making a huge bet on the U.S. housing market

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Japanese firms are quietly making a huge bet on the U.S. housing market

www.fastcompany.com·Lance Lambert·7 months ago

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#homes #house #forestry #homebuilder #japanese

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BY Lance Lambert

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Just 10 days ago, on February 10, Japan-based Sumitomo Forestry announced that it had agreed to acquire Tri Pointe Homes—a large U.S. homebuilder ranked No. 715 on the Fortune 1000—for $4.5 billion, signaling that Japanese builders were further accelerating their buying spree of U.S. homebuilders.

Fast-forward to today, and Stanley Martin Homes—which has been owned by Japan-based Daiwa House since 2017—announced that it has agreed to buy United Homes Group, which has a strong presence in the Carolinas, for $221 million—further accelerating Japanese builders’ buying spree of U.S. homebuilders.

Japanese builders are quickly expanding their U.S.…

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Japanese firms are quietly making a huge bet on the U.S. housing market