Company Once Again Recognized as 39th
Largest National Homebuilder on 2024 Builder 100 List
LAS
VEGAS, July 10, 2024 /PRNewswire/ -- AMH
(NYSE: AMH), a leading large-scale integrated owner, operator and
developer of single-family rental homes, announces its 10,000th new
home delivery and recognition by Builder Magazine as the 39th
largest homebuilder in the United
States on its 2024 Builder 100 List. This milestone
reaffirms the company's commitment to creating new attainable
housing at scale at a time of critical supply shortages in the
U.S.
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 U.S. and
the highest-ranked builder solely focused on single-family rental
homes.
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 U.S."
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 55% of these
residents anticipate remaining in their homes for two to three
years. Consistent with longstanding national ownership figures, 63%
of these renters have homeownership aspirations, with approximately
50% indicating they're awaiting a decline in home prices or
mortgage rates before they consider purchasing.
"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 Maryland real
estate investment trust (REIT) focused on acquiring, developing,
renovating, leasing and managing homes as rental properties. Our
goal is to simplify the experience of leasing a home and deliver
peace of mind to households across the country.
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 U.S. Homebuilder by Builder100,
and one of America's Most Responsible Companies 2024 and Most
Trustworthy Companies in America 2024 by Newsweek and Statista Inc.
As of March 31, 2024, we owned nearly
60,000 single-family properties in the Southeast, Midwest,
Southwest and Mountain West regions of the United States. Additional information
about AMH is available on our website at www.amh.com.
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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SOURCE AMH
