Lawler: AMH Net Seller of Existing Single-Family Homes, “Investor” Home Purchases Plunged

AMH Net Seller of Existing Single-Family Homes Last Quarter

AMH (American Homes 4 Rent), which rents single-family homes and which owned almost 59,000 single-family homes at the end of last year, reported that it was a net seller of existing single-family homes last quarter. The company acquired 489 homes last quarter, but 415 of those homes were “deliveries” from its own build-to-rent program, and “most” of the remaining 74 homes were acquired under its National Builder Program. The company sold 457 homes last quarter, well above the average quarterly sales of 161 in the previous four quarters. The company also increased its inventory of single-family homes held for sale to 1,115 in December from 1,057 in September and 659 in December 2021, and company officials suggested that additional home sales were likely this quarter.