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AMH delivers its 10,000th home, expanding the supply of high-quality housing in the USA

AMH delivers its 10,000th home, expanding the supply of high-quality housing in the USA
AMH delivers its 10,000th home, expanding the supply of high-quality housing in the USA

The company was again recognized as the 39th largest national homebuilder on the 2024 Builder 100 list

LAS VEGAS, July 10, 2024 /PRNewswire/ — AMH (NYSE: AMH), a leading integrated owner, operator and developer of large-scale single-family homes, announces the delivery of its 10,000th new home and is ranked by Builder Magazine as the 39th largest homebuilder in The United States on the 2024 Builder 100 list. This milestone reaffirms the company’s commitment to creating new, affordable homes in the metropolitan area at a time of critical supply shortages. US

AMH logo (PRNewsfoto/American Homes 4 Rent)

AMH launched its development program in 2017 in response to increasing demand for high-quality single-family rental homes in desirable locations. By 2021, the company was ranked on the Builder 100 list as the 45th largest homebuilder in the US and the highest-ranking developer focused exclusively on single-family rental homes.

Since its debut, AMH has climbed the Builder 100 list to rank 39th with 2,317 homes to be completed in 2023. To date, the company has built and currently manages over 170 single-family rental communities with more than 10,000 homes in leading markets across the country.

Looking ahead, AMH has built a land pipeline of over 10,000 lots in various stages of development, from undeveloped land to fully buildable land. The company recently announced that it is on track to build between 2,200 and 2,400 additional homes by the end of the year.

“AMH is focused on building high-quality rental housing and scalable residential communities across the country that expand the supply of single-family homes in high-demand regions that need this product the most,” said AMH CEO David Singelyn. “As we look toward the completion of our next 10,000 homes, we remain committed to our goal of making a positive contribution to the national housing landscape and the economic development of markets across the country. US

Bryan Smith, Chief Operating Officer and incoming Chief Executive Officer of AMH, added, “We are experiencing a surge in demand that traditional housing options cannot yet fully meet. Our communities accommodate households seeking high-quality homes with outdoor spaces and premium amenities, supported by the professionally managed living experience AMH is known for. This provides an important housing option that bridges the gap to homeownership for many families, especially given 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 at all stages of life.”

The recently released first Build-to-Rent Renter Survey by John Burns Research and Consulting revealed insights into this emerging consumer group and highlighted their increased need for amenities and professional management when searching for single-family homes to rent. The survey of 6,074 renters found that 55% of these residents expect to stay in their homes for two to three years. In line with long-term national ownership figures, 63% of these tenants have ambitions to own their own home, with about 50% This suggests that they are waiting for a decline in property prices or mortgage rates before considering a purchase.

“Research shows that the majority of today’s renters value space and amenities, seeking more bedrooms, garages and home offices in addition to traditional amenities like pools and fitness centers,” said Brent Landry, Executive Vice President of Development at AMH. “By internalizing our development capabilities, we have maintained the flexibility to adapt our homes and communities to evolving rental preferences. At AMH, we design homes with durability and longevity in mind because we intend to own and operate these communities for the long term. Combined with insights from consumer research, this allows us to consistently deliver a highly attractive and efficient product.”

Homes built by AMH include premium finishes and popular features such as fenced-in yards, small 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 into many of its new construction projects to foster a sense of community and enable a lifestyle of greater comfort and convenience.

The 2024 Builder 100 list can be viewed here.

About AMH

AMH (NYSE: AMH) is a leading integrated owner, operator and developer of single-family homes. We are an internally managed Maryland Real Estate Investment Trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the process of renting a home and provide security to households across the country.

In recent years, we have been named one of Fortune’s Best Workplaces in Real Estate 2023, a Great Place to Work® 2024, a Most Loved Workplace® 2023, and a Top 2024. US Homebuilder by Builder100 and one of America’s Most Responsible Companies 2024 and America’s Most Trusted Companies 2024 by Newsweek and Statista Inc. As of March 31, 2024, we owned nearly 60,000 single-family homes in the Southeast, Midwest, Southwest and Mountain West regions The United StatesFor more information about AMH, please visit our website at www.amh.com.

AMH refers to one or more of the following companies: American Homes 4 Rent, American Homes 4 Rent, LP and their subsidiaries and joint ventures. In certain states we do business as AMH Living or American Homes 4 Rent. For more information, visit www.amh.com/dba.

AMH contacts:

Press contact
Phone: (855) 774-4663
Email: [email protected]

Nicholas Fromm
Investor Relations
Phone: (855) 794-2447
Email: [email protected]

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Source: AMH