Invitation Homes Investor Presentation Deck
Meeting An Underserved Need In The Housing Market
We provide a unique experience, but today serve only 0.5% of the growing demand for single-family rentals
Current U.S. Population by Age Cohort (²)
(millions of people)
U.S. Housing Summary (¹)
132 Million Households
Owned: 66%
(87M units)
Rented: 34%
(45M units)
45 Million Rental Households
Single Unit
Rentals: 36%
(16M units)
10+ Unit
Rentals: 35%
(16M units)
2-9 Unit
Rentals: 29%
(13M units)
24
23
20
22
21
20
19
18
1 to 9 units
10 to 999 units
21.8
I Potential
I
T
T
1000+ units
(1) Source: John Burns Real Estate Consulting, Burns US Housing Analysis and Forecast, published October 23, 2023.
(2) Source: U.S. Census Bureau, as of October 2023.
(3) Average age of primary resident with an initial move-in date during the trailing 12-months ended September 30, 2023.
(4) Source: John Burns Real Estate Consulting, Burns Single-Family Rental Analysis and Forecast, published September 23, 2023.
Future
Demand
22.7
3%
22.2
23.5
17%
22.5
U.S. Single-Family Rental Ownership (4)
Avg.
Resident
Age: 38.1(3)
II
15-19 20-24 25-29 30-34 35-39 40-44 45-49
21.9
19.9
80%
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