Japanese Giant Buying Up US Home Builders

Sumitomo Forestry’s latest acquisition is Tri Pointe Homes which it agreed to buy for $4.5 Billion. The Japanese firm, which traces its roots back to its original logging business started in 1691, paid a 29 percent premium for Tri Pointe. Publicly traded Tri Pointe Homes sold more than 6,400 units in 2024 and it’s just […]