AMH Delivers 10,000th Built Home, Expanding High-Quality Housing Options in the U.S.
AMH (NYSE: AMH) has delivered its 10,000th newly-built rental home, reinforcing its position as a major player in the U.S. single-family rental market. Recognized as the 39th largest homebuilder on Builder Magazine's 2024 Builder 100 List, AMH has significantly climbed the rankings since its development program inception in 2017. The company has completed 2,317 homes in 2023 and currently manages over 170 rental communities across the nation. With a land pipeline exceeding 10,000 lots, AMH aims to deliver between 2,200 and 2,400 additional homes by the year-end. The company addresses the growing demand for quality rental homes, providing essential housing options with premium features and amenities.
- AMH delivered its 10,000th new home, reinforcing its market presence.
- Ranked 39th on Builder Magazine's 2024 Builder 100 List.
- Completed 2,317 homes in 2023.
- Manages over 170 single-family rental communities nationwide.
- Land pipeline exceeds 10,000 lots at various stages of development.
- On pace to deliver between 2,200 and 2,400 additional homes by year-end.
- None.
Insights
AMH's milestone of delivering its 10,000th built home is a significant indicator of the company's growth trajectory and operational efficiency. Notably, the firm has successfully climbed the Builder 100 list to the 39th spot, emphasizing its expanding foothold in the single-family rental market.
From a financial point of view, achieving such a milestone enhances AMH's brand value and market credibility, which can positively influence stock performance. Investors would appreciate the continuum of their land pipeline exceeding 10,000 lots, indicating sustained future growth. Additionally, the reported target of delivering 2,200 to 2,400 homes by the end of the year suggests robust demand and operational execution capabilities.
However, it's essential to consider market risks such as fluctuating demand due to economic conditions and interest rates impacting housing affordability. AMH's focus on rental homes could be a cushion against these risks, as renting remains a viable option for those unable to purchase homes immediately. Potential investors should keep an eye on future earnings reports to gauge the financial health and growth consistency.
The rising demand for single-family rental homes as reported by AMH reflects a broader market trend driven by changing demographics and economic conditions. The data from John Burns Research and Consulting highlights a vital consumer insight—55% of renters plan to stay for two to three years and 63% have homeownership aspirations, awaiting favorable market conditions. This positions AMH strategically, as it bridges the gap for many families transitioning from renting to owning.
From an investor's perspective, understanding AMH's ability to internalize development capabilities is crucial. It allows the company to stay agile and responsive to market demands, which is a significant competitive advantage. The emphasis on desirable features such as premium finishes and community amenities aligns well with current consumer preferences, potentially driving higher occupancy rates and rental income.
However, it's important for investors to consider the long-term sustainability of this growth. Will the demand for such rental homes maintain its pace if economic conditions change, or if home prices and mortgage rates decline? These are critical questions for assessing the enduring value of investing in AMH.
Company Once Again Recognized as 39th Largest National Homebuilder on 2024 Builder 100 List
AMH launched its development program in 2017 in response to rising demand for high-quality single-family rental homes in sought-after locations. By 2021, the company had debuted on the Builder 100 List as the 45th largest homebuilder in the
Since its debut, AMH has climbed the Builder 100 List and notched the 39th spot for its completion of 2,317 homes in 2023. To date, the company has built and currently manages over 170 single-family rental communities comprised of more than 10,000 homes across leading markets nationwide.
Looking forward, AMH has built a land pipeline exceeding 10,000 lots at various stages of development, from raw land to fully entitled for vertical construction. The company recently reported that it is on pace to deliver between 2,200 and 2,400 additional homes by the end of the year.
"AMH is focused on building quality rental homes and scalable communities across the country that add single-family housing supply in high-demand regions that need this product most," said AMH Chief Executive Officer David Singelyn. "As we look ahead to the delivery of our next 10,000 homes, we remain committed to positively contributing to the national housing landscape and the economic development of markets across the
AMH Chief Operating Officer and incoming Chief Executive Officer Bryan Smith added: "We're witnessing a surge in demand that traditional housing options have yet to fully address. Our communities accommodate households looking for quality homes with outdoor space and best-in-class amenities, supported by the professionally managed living experience AMH is known for. This provides an essential housing option that bridges the gap to homeownership for many families, especially in light of today's barriers to entry. With an aging millennial population, this purpose-built product aligns with our goal of growing with our renters and their needs across all stages of life."
John Burns Research and Consulting's recently released inaugural Build-to-Rent Tenant Survey revealed insights from this emerging consumer group, highlighting their increased demand for amenities and professional management when seeking single-family rental homes. The survey of 6,074 renters found that
"Research indicates that a majority of today's renters prioritize space and amenities, seeking higher bedroom counts, garages, and home offices in addition to traditional amenities such as pools and fitness centers," stated Brent Landry, Executive Vice President of Development at AMH. "By internalizing our development capabilities, we've maintained the agility to adapt our homes and communities to evolving rental preferences. At AMH, we design homes with durability and longevity in mind, as we intend to own and operate these communities long-term. Combined with insights gleaned from consumer research, this allows us to consistently deliver a highly desirable and efficient product."
AMH-built homes include premium finishes and popular features such as fenced yards, pocket offices, granite or quartz countertops, stainless steel appliances, luxury vinyl plank flooring, two- and three-car garages, and lawn care services. The company also incorporates state-of-the-art amenities such as pools, fitness centers, yoga rooms, playgrounds, nature trails, and clubhouses at many of its new developments to promote a sense of community and provide a lifestyle of greater comfort and convenience.
The 2024 Builder 100 list can be viewed here.
About AMH
AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed
In recent years, we've been named one of Fortune's 2023 Best Workplaces in Real Estate™, a 2024 Great Place to Work®, a 2023 Most Loved Workplace®, a 2024 Top
AMH refers to one or more of American Homes 4 Rent, American Homes 4 Rent, L.P. and their subsidiaries and joint ventures. In certain states, we operate under AMH Living or American Homes 4 Rent. Please see www.amh.com/dba to learn more.
AMH Contacts:
Media Relations
Phone: (855) 774-4663
Email: media@amh.com
Nicholas Fromm
Investor Relations
Phone: (855) 794-2447
Email: investors@amh.com
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