TOKYO -- Japanese homebuilder Sumitomo Forestry has set a goal to build at least 10,000 units a year in the U.S. through 2027, looking to take advantage of surging prices in a hot rental market.
Construction
Sumitomo Forestry to add 10,000 U.S. home rentals a year through 2027
Japanese builder has $350m war chest for additional American acquisitions
More people are turning to rentals in the U.S. in the face of rising interest rates for mortgages. (Photo by Kazuki Yamaguchi)
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