Most of the world manages to have teachers meet kids and parents ahead of time without home visits! It seems about as old-fashioned and odd as having GPs do home visits as standard, instead of having people visit the practice. My family have a lot of teachers and a now-retired school principal, and I can't imagine any of them thinking home visits were more useful or practical than parents bringing the child to the school to visit!
Someone mentioned teachers doing visits in the holidays, which was the only reason I said, 'wouldn't it be easier for parents to visit teachers at school during that time'. And to be fair, most teachers where I am (NZ) go back to school at least a week before school starts after the summer holidays, to get the classroom sorted etc, so it seems plausible.
Also, the teachers are usually at school until at least 4 or 5 pm most days, doing admin, having meetings, or seeing parents about behavioural issues, so I don't see the issue with a fifteen minute meeting after school to chat to the parents privately, and show the child around the classroom.
It just seems entirely unnecessary to have a teacher driving from pillar to post all over town, and intruding on people's homes, when the parents could just bring the child in to the place where the teacher is already, and will be interacting with their child.