American Homes 4 Rent—which owns 58,639 homes—is no longer on a buying spree
In the first quarter of 2023, American Homes 4 Rent sold more homes than it bought
Homes added
Homes sold
−600
−400
−200
0
200
400
600
800
1,000
1,200
2019 Q1
2019 Q2
2019 Q3
2019 Q4
2020 Q1
2020 Q2
2020 Q3
2020 Q4
2021 Q1
2021 Q2
2021 Q3
2021 Q4
2022 Q1
2022 Q2
2022 Q3
2022 Q4
2023 Q1
COVID-19 recession
Mortgage rate shock
320
−180
144
−433
244
−341
391
−376
656
−432
440
−216
508
−279
563
−208
580
−180
898
−97
1,382
−90
1,061
−114
1,131
−171
928
−197
410
−164
489
−457
312
−666