Life is Like a Box of Houses
Mama always said 'Life is like a box of chocolates you never know what you're gonna get.' Well these Japanese companies they seem to know exactly what they're gettin': a big ol' piece of the American dream one house at a time. Seems like they're buyin' up homebuilders faster than I can say 'run Forrest run'. This Sumitomo Forestry they bought Tri Pointe Homes for a cool $4.5 billion. That's a lot of shrimp boats worth of money. And they ain't stoppin' there.
Run Forrest Build
Margaret Whelan she's a smart lady says these Japanese firms are writin' much bigger checks than before. They started small buyin' little companies here and there but now they're movin' on up to the big leagues. Another company Stanley Martin Homes owned by Daiwa House since 2017 scooped up United Homes Group for $221 million. That's a lot of houses in the Carolinas. Makes me think of all the houses Jenny and I could have built. These companies are not just investin' money Asian Markets Tumble Amid Tech Sell Off Global Economic Shift they're plannin' to stay for a long time. It's a smart move in these uncertain times as global markets shift.
Stupid is as Stupid Builds
Now I ain't no financial expert but even I can see that this Sekisui House company is makin' some big plays. They bought M.D.C Holdings for $4.9 billion. That's a whole lotta zeros. And with the other builders they already own they're now the sixth biggest builder in the U.S. Now that's what I call buildin' an empire. Mama always said "Stupid is as stupid does," but these folks are anything but stupid.
Shrimpin' Ain't Easy but Buildin' Might Be
Danielle Nguyen from John Burns Research she says these Japanese buyers are takin' money out of their own country 'cause it's shrinkin' and gettin' old. They're puttin' it into the U.S. 'cause they think it's gonna grow for a long time. They got the money and they got the patience. It's like shrimpin' you gotta have patience and a good boat. These companies they got both.
Bubba Would've Loved This
All told there's 33 homebuilders in the U.S. owned by Japanese companies. That's a whole lotta houses. And once these new deals are done they'll have almost 6% of the whole U.S. market. Bubba would've loved to see that kind of success in the shrimpin' business.
And That's All I Have to Say About That... and Houses
Margaret Whelan also says these Japanese builders are super efficient. They build every house twice once in a computer and then they figure out how to make it cheaper and faster. And that means they can sell houses for less. So it's good for the American people. Makes me think maybe I should've gone into the buildin' business instead of the shrimpin' business. But then again I wouldn't have met Jenny. And that's all I have to say about that... and houses.
pillarhu
More competition usually means better prices for consumers.