AMH, a leading large-scale integrated owner, operator and developer of single-family rental homes, has officially completed its 10,000th new home delivery, a feat which it achieved alongside recognition by Builder Magazine as the 39th largest homebuilder in the United States on its 2024 Builder 100 List. Reinforcing the company’s commitment towards creating new attainable housing at scale and during a time of critical supply shortages in the U.S., this housing drive came into existence in the year 2017, arriving as a response to comprehensive demand for high-quality single-family rental homes in sought-after locations. In a matter of four years, the whole program would helpAMH crack into the Builder 100 List as the 45th largest homebuilder across U.S. and the highest-ranked builder solely focused on single-family rental homes. As of today, AMH manages more than 170 single-family rental communities comprised of more than 10,000 homes across leading markets nationwide. Having referred to the company’s feats thus far, we now must expand upon its homes and what all they pack together. 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. Not just that, it also packs together state-of-the-art amenities likepools, 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.
“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,” said Brent Landry, Executive Vice President of Development at AMH. “By internalizing our development capabilities, we’ve maintained the agilityto 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.”
Fair enough, the development delivers a rather interesting follow-up to one John Burns Research and Consulting’s recently released inaugural Build-to-Rent Tenant survey, which picked the brains of an emerging consumer group to get the relevant insights. In essence, the stated survey informed us on increased demand for amenities and professional management when seeking single-family rental homes. Furthermore, after sourcing data from more than 6,074 renters, the study discovered that 55% of these residents anticipate remaining in their homes for two to three years. Another detail worth a mention here is how, consistent with longstanding national ownership figures, 63% of these renters have homeownership aspirations. Out of that contingent, nearly 50% indicate that they are awaiting a decline in home prices or mortgage rates before they consider purchasing.
“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,” said Bryan Smith, COO and incoming Chief Executive Officer of AMH.
