AMH CEO & CFO talk about the role it will play in America's housing landscape over the next 10 years
It's AMH 10th anniversary of its IPO. CEO David Singelyn and CFO Christopher Lau, join #NYSEFloorTalk's Judy Khan Shaw toΒ ...
Advisor, American Homes 4 Rent
Search every verified David Singelyn interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. David Singelyn, CEO of American Homes 4 Rent, has stated that the company prioritizes the "human aspect" of natural disasters over assets, citing preparations for Hurricane Ian such as boarding up homes and creating safe places for employees. He said that for impacted tenants, the company would look for alternative housing or cancel their lease and return 100% of their security deposit. Singelyn also noted that the company assesses climate risk when acquiring properties and that it is "much better prepared" than it was five or ten years ago. Singelyn has described the single-family rental industry as "revolutionized" by professional management and said the company is "part of the solution" to the housing shortage by building homes that are "meaningfully less expensive to rent compared to homeownership." He attributed rising demand for rentals to factors including remote work and a desire for mobility, and stated that COVID-19 "accelerated" a pre-existing trend. Regarding interest rates, Singelyn said they impact the company's cost of capital but noted the firm has "tremendous liquidity" and an in-house development program. He described evictions as a "last resort" and said the company saw "relatively favorable collection results" during the pandemic.
“Over the last 10 years, our 1800 employees and many before that have really revolutionized and changed the single-family rental industry. Today, the single-family rental industry provides housing to hundreds of thousands of people who desire the rental product that we provide.”
“The quality of the asset has been significantly improved over those 10 years and the quality of the customer service has also been significantly improved through the professional management that American Homes has introduced into the single family rental sector.”
“In addition to continuing to create value for our shareholders through the development of really high quality Class A communities and great locations, today we're also part of the solution to helping solve the housing shortage in our country.”
“We're doing that by adding thousands of homes all across the country each and every year that as of today are meaningfully less expensive to rent compared to homeownership.”
It's AMH 10th anniversary of its IPO. CEO David Singelyn and CFO Christopher Lau, join #NYSEFloorTalk's Judy Khan Shaw toΒ ...
Throughout Hurricane Ian, our teams mobilized to keep our residents safe. Our CEO David Singelyn spoke to CNBC's Diana OlickΒ ...
CEO David Singelyn discusses our build-to-rent program and current housing trends driving growth in the single-family leasingΒ ...
CNBC's Kelly Evans discusses the housing market, demand for single family home and more with CNBC's Diana Olick and DavidΒ ...
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