Latest news with #AmericanHomes4Rent
Yahoo
3 days ago
- Business
- Yahoo
Rise of ‘accidental landlords' having serious impact on America's housing supply — what owners and renters need to know
As mortgage rates remain stubbornly high and home affordability out of reach for many buyers, a new type of rental competition is emerging in some of the country's hottest housing markets. 'Worsening for-sale supply-demand conditions are creating new institutional competitors: accidental landlords,' notes a recent report by Parcl Labs. These 'accidental landlords' are homeowners who tried to sell but couldn't fetch the price they wanted — and instead have decided to rent out their homes until conditions improve. "When these home sellers cannot find buyers, they face three choices: delist and wait, cut price to find market clearing level, or convert to rental. The last option creates what Parcl Labs terms 'accidental landlords': owners who enter the single-family rental market not by design but by necessity," the Parcl Labs researchers wrote. It's a growing trend that may be quietly disrupting the single-family rental market and putting pressure on big institutional landlords like Invitation Homes, American Homes 4 Rent and Progress Residential. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) You don't have to be a millionaire to gain access to this $1B private real estate fund. In fact, you can get started with as little as $10 — here's how Where it's happening The phenomenon is most concentrated in the same metros where institutional landlords have historically built up large portfolios: Atlanta, Dallas, Houston, Phoenix, Tampa and Charlotte. According to Parcl Labs, those six cities represent 36.8% of all institutional single-family rental holdings nationwide. But these same cities are now seeing home listings pile up, leading to a surge in homeowners pulling their listings and turning them into rentals instead. Houston and Dallas saw the biggest increases in homes that failed to sell and were converted into rentals, followed by Tampa, Phoenix and Atlanta. Charlotte, an outlier, actually had a modest decline in the number of homes that failed to sell. Meanwhile, single-family inventory is up sharply too year-over-year, averaging a 32% increase in those key cities. This trend is part of a broader reshuffling of the U.S. housing market, where fewer people are able or willing to sell due to high mortgage rates. Many owners who bought or refinanced during the pandemic at sub-4% interest rates are reluctant to sell and take on a new loan at 7% or more. That so-called "lock-in effect" is forcing a growing number of people to become landlords by default. Investors large and small now make up about 20% of all single-family home purchases across the country, the Associated Press recently reported. That's what is creating these unusual competition dynamics between households and institutional investors alike. Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says — and that 'anyone' can do it Why this matters for renters (and investors) Accidental landlords can be a disruptive force precisely because they tend to have different priorities than professional investors. "Unlike institutional operators who use sophisticated rent optimization strategies, accidental landlords typically price units simply to cover costs," the Parcl report explains. "This dynamic creates downward pressure on rents exactly where institutional investors have concentrated their portfolios." In other words: Mom-and-pop owners are competing for tenants in the same neighborhoods as investors and corporate landlords, and in many cases, undercutting them. In the short-term, this means many renters may see cheaper rent and lower yearly rental price hikes. On the flip side for investors, this means profit margins in these geos may not see major upside in the short-term. This shift could further strain profitability for big players in the single-family rental space, especially since many of them have become net sellers over the past year. According to Parcl, 76.7% of institutional net selling happened in just the six metros above, with Atlanta and Dallas topping the list. With prices expected to remain flat or decline over the next year, institutional investors appear to be building up cash in anticipation of picking up some acquisition targets. As time passes, these accidental landlords could become highly incentivized to sell off to institutions or other mom-and-pop real-estate investors looking for a good deal. What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Accredited investors can now buy into this $22 trillion asset class once reserved for elites – and become the landlord of Walmart, Whole Foods or Kroger without lifting a finger. Here's how Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Yahoo
3 days ago
- Business
- Yahoo
Rise of ‘accidental landlords' having serious impact on America's housing supply — what owners and renters need to know
As mortgage rates remain stubbornly high and home affordability out of reach for many buyers, a new type of rental competition is emerging in some of the country's hottest housing markets. 'Worsening for-sale supply-demand conditions are creating new institutional competitors: accidental landlords,' notes a recent report by Parcl Labs. These 'accidental landlords' are homeowners who tried to sell but couldn't fetch the price they wanted — and instead have decided to rent out their homes until conditions improve. "When these home sellers cannot find buyers, they face three choices: delist and wait, cut price to find market clearing level, or convert to rental. The last option creates what Parcl Labs terms 'accidental landlords': owners who enter the single-family rental market not by design but by necessity," the Parcl Labs researchers wrote. It's a growing trend that may be quietly disrupting the single-family rental market and putting pressure on big institutional landlords like Invitation Homes, American Homes 4 Rent and Progress Residential. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) You don't have to be a millionaire to gain access to this $1B private real estate fund. In fact, you can get started with as little as $10 — here's how Where it's happening The phenomenon is most concentrated in the same metros where institutional landlords have historically built up large portfolios: Atlanta, Dallas, Houston, Phoenix, Tampa and Charlotte. According to Parcl Labs, those six cities represent 36.8% of all institutional single-family rental holdings nationwide. But these same cities are now seeing home listings pile up, leading to a surge in homeowners pulling their listings and turning them into rentals instead. Houston and Dallas saw the biggest increases in homes that failed to sell and were converted into rentals, followed by Tampa, Phoenix and Atlanta. Charlotte, an outlier, actually had a modest decline in the number of homes that failed to sell. Meanwhile, single-family inventory is up sharply too year-over-year, averaging a 32% increase in those key cities. This trend is part of a broader reshuffling of the U.S. housing market, where fewer people are able or willing to sell due to high mortgage rates. Many owners who bought or refinanced during the pandemic at sub-4% interest rates are reluctant to sell and take on a new loan at 7% or more. That so-called "lock-in effect" is forcing a growing number of people to become landlords by default. Investors large and small now make up about 20% of all single-family home purchases across the country, the Associated Press recently reported. That's what is creating these unusual competition dynamics between households and institutional investors alike. Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says — and that 'anyone' can do it Why this matters for renters (and investors) Accidental landlords can be a disruptive force precisely because they tend to have different priorities than professional investors. "Unlike institutional operators who use sophisticated rent optimization strategies, accidental landlords typically price units simply to cover costs," the Parcl report explains. "This dynamic creates downward pressure on rents exactly where institutional investors have concentrated their portfolios." In other words: Mom-and-pop owners are competing for tenants in the same neighborhoods as investors and corporate landlords, and in many cases, undercutting them. In the short-term, this means many renters may see cheaper rent and lower yearly rental price hikes. On the flip side for investors, this means profit margins in these geos may not see major upside in the short-term. This shift could further strain profitability for big players in the single-family rental space, especially since many of them have become net sellers over the past year. According to Parcl, 76.7% of institutional net selling happened in just the six metros above, with Atlanta and Dallas topping the list. With prices expected to remain flat or decline over the next year, institutional investors appear to be building up cash in anticipation of picking up some acquisition targets. As time passes, these accidental landlords could become highly incentivized to sell off to institutions or other mom-and-pop real-estate investors looking for a good deal. What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Accredited investors can now buy into this $22 trillion asset class once reserved for elites – and become the landlord of Walmart, Whole Foods or Kroger without lifting a finger. Here's how Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
CNBC
7 days ago
- Business
- CNBC
Institutional landlords see new competition from an unexpected source
It's getting harder to sell a home, as rising supply, high mortgage rates and waning consumer confidence conspire to keep potential buyers on the sidelines. Now some frustrated sellers are deciding to de-list their properties and instead offer them on the rental market. These new rentals are coming in direct competition with institutional investors in the rental space, especially in the markets where those investors are most prevalent. The largest investors, those with more than 50,000 homes in their portfolios, are highly concentrated geographically. Names like Invitation Homes, American Homes 4 Rent and Progress Residential each hold over a third of their assets in just six U.S. housing markets, according to an analysis by Parcl Labs: Atlanta, Phoenix, Dallas, Houston, Tampa, Florida, and Charlotte, North Carolina. These markets have seen inventory growth of well over 20% in the past year — much of it from former owner-occupants. "When these home sellers cannot find buyers, they face three choices: delist and wait, cut price to find market clearing level, or convert to rental. The last option creates what Parcl Labs terms 'accidental landlords': Owners who enter the single-family rental market not by design, but by necessity," wrote Jesus Leal Trujillo, principal data scientist at Parcl Labs. Garret Johnson bought his Dallas home two years ago, but recently got a new job in Houston. He thought selling his home last March would be easy. "There weren't many buyers, just lookers, and people were biding their time waiting for better rates. [There was] a lot of economic uncertainty in those months, March and April, that we had listed the house, so I think that played a factor as well," Johnson said. After a few months, Johnson decided to try putting his home up for rent. It wasn't his ideal plan, he said, but in just the first few days, he had several offers. The rent doesn't fully cover his mortgage, Johnson said, but he recast his loan and put more equity in the home to lower the payments. He also changed his homeowners insurance to a landlord policy for additional savings. Johnson said he doesn't expect to sell for several years. CNBC's Property Play with Diana Olick covers new and evolving opportunities for the real estate investor, delivered weekly to your inbox. Subscribe here to get access today. "I've gotten to be creative, and hopefully the goal is, in the next few years, to start to turn a profit on the month-to-month basis of the rent versus mortgage," he said. The inventory of homes for sale has already been growing steadily over the past year, especially in the formerly hot pandemic migration markets like the Sun Belt. Homes are sitting on the market longer as sellers, used to the heady price hikes of the last five years, are reluctant to lower their prices. As more for-sale supply enters the rental pool, that could limit landlord pricing power. "You're not going to see big reductions in rent, but maybe you won't be able to get 4% or 5% increases on your rent. Maybe it's just 1% to 2% in some cases," said Haendel St. Juste, a senior equity research analyst at Mizuho Securities. "But the professional big guys, INVH, AMH, have been getting 4% to 5% renewal rates and 75% retention in their portfolio. So keeping people in the homes at 4% to 5% rent is a key part of their business model." This is not, however, the first time this has happened. "We saw something like this in 2022 after mortgage rates doubled: A huge uptick in the number of people who owned one property besides their primary residence," said Rick Sharga, CEO of CJ Patrick Co., a real estate advisory firm. The largest single-family rental REITs are now selling more homes than they're buying, according to a count by Parcl Labs. That does not, however, mean they're exiting the market. "They are deploying more funds into build-to-rent projects, rather than competing with smaller investors and traditional homebuyers for resale properties," said Sharga, suggesting that doing so limits the threat from those so-called accidental landlords. That minimizes some of the risk, but St. Juste said the biggest landlords will have to incur some occupancy decline in order to optimize their revenue, as opposed to just slashing rents. "The incremental risk from this slow selling season is that there could be more supply, you know, come this fall, come next spring, that could limit some of the rental growth upside for next year," he said.
Malaysian Reserve
03-07-2025
- Business
- Malaysian Reserve
AMH Announces Dates of Second Quarter 2025 Earnings Release and Conference Call
LAS VEGAS, July 3, 2025 /PRNewswire/ — AMH (NYSE: AMH), a leading large-scale integrated owner, operator and developer of single-family rental homes, today announced that the Company will release its second quarter 2025 financial and operating results on Thursday, July 31, 2025, after the market closes. The Company will host a conference call on Friday, August 1, 2025, at 12:00 p.m. Eastern Time to review second quarter results, discuss recent events, and conduct a question-and-answer period. Live conference call Toll free number: (877) 451-6152 (for domestic callers) Direct dial number: (201) 389-0879 (for international callers) Passcode: Not required Simultaneous audio webcast link: under 'Investor relations' Conference call replay Toll free number: (844) 512-2921 (for domestic callers) Direct dial number: (412) 317-6671 (for international callers) Passcode: 13753995# Webcast link: under 'Investor relations' Date accessible through: August 15, 2025 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. In recent years, we've been named a 2025 Great Place to Work®, a 2025 Top U.S. Homebuilder by Builder100, and one of the 2025 Most Trustworthy Companies in America by Newsweek and Statista Inc. As of March 31, 2025, we owned over 61,000 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 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 to learn more. AMH Contacts: Brian NelsonMedia RelationsPhone: (855) 774-4663Email: media@ Nicholas FrommInvestor RelationsPhone: (855) 794-2447Email: investors@
Yahoo
27-05-2025
- Business
- Yahoo
AMH to Participate in Nareit's REITweek 2025 Investor Conference
LAS VEGAS, May 27, 2025 /PRNewswire/ -- AMH (NYSE: AMH), a leading large-scale integrated owner, operator and developer of single-family rental homes, today announced that members of the Company's management team will participate in a roundtable discussion during Nareit's REITweek 2025 Investor Conference on Tuesday, June 3, 2025 at 11:00 a.m. Eastern Time. A live audio webcast of the presentation will be available on the Company's website at under the "Investor Relations" tab. A replay of the webcast will be available through June 17, 2025. 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 a 2025 Great Place to Work®, a 2025 Top U.S. Homebuilder by Builder100, and one of the 2025 Most Trustworthy Companies in America by Newsweek and Statista Inc. As of March 31, 2025, we owned over 61,000 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 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 to learn more. AMH Contacts Brian NelsonMedia RelationsPhone: (855) 774-4663Email: media@ Nicholas FrommInvestor RelationsPhone: (855) 794-2447Email: investors@ View original content to download multimedia: SOURCE AMH Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
