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Single-Family Landlord Sees No End to Demand for Suburban Homes

  • CEO David Singelyn has been buying land to prepare for influx
  • Pandemic saw new capital flood to rental houses in 2020
American Homes 4 Rent

Source: American Homes 4 Rent

Last year’s pandemic-fueled rush to the suburbs was good for American Homes 4 Rent, which owns more than 53,000 rental houses.

The single-family landlord reported same-home occupancy of nearly 98% at the end of 2020, capitalizing on record demand to raise rents when one household moved out and another moved in. Rents grew 7.6% on new leases in the fourth quarter, according to a statement on Thursday.