Quake to Spur Japan Homebuilding Boom, Sekisui House Says
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Sekisui House Ltd., Japan’s second-largest home builder, will focus on the local market after expanding overseas as it expects the nation’s biggest housing boom in at least 15 years after the March 11 earthquake.
Housing starts, which dipped below 1 million units in 2009 and 2010 for the first time in four decades, may rebound as homeowners rebuild after the nation’s strongest temblor, Isami Wada, chairman of the Osaka-based company, said in an interview.