Sumitomo Forestry buys Tri Pointe, resetting the arc of homebuilder scale

Within a couple of weeks of exactly this time two years ago, the lead-in to a blockbuster $4.9 billion M&A deal involving a Japan-based acquirer of a national public homebuilding enterprise practically wrote itself:

“A top-five-ranked U.S. homebuilding company doesn’t happen overnight…. Except when it does.”

That same lead applies to 2026’s supercharged kickoff in…