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Latest News for SMFRF
Japanese firms are quietly making a huge bet on the U.S. housing market
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.
Sumitomo Forestry Announces Strategic Combination with Tri Pointe Homes to Create a Leading U.S. Homebuilder
Supports expansion of affordable U.S. housing supply in addition to accelerating growth of Tri Pointe Homes' high-quality homebuilding operations and providing U.S. homebuyers with a broader array of housing options
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