...A. Operations for AMH or American Homes for the first quarter and second quarter have been very, very strong. B. Occupancy continues to be strong in the 97-plus percent range. C. Rental rates continue to be very strong, very strong in the first quarter, blended increases of 7.1%. D. And in second quarter-to-date, April and May, that number has improved to 7.5%. E. And so today, we are going to deliver this year approximately 2,300 new homes. F. Those are increasing to 6s. G. when lumber was $1,300, $1,400 1,000 board feet. H. Today, it's $400, and that's going to benefit us in the deliveries later this year. I. We continue to underwrite many homes. J. The yields that we are seeing today are in the 5% range, and I'm not talking in the 5s, I'm talking at 5s. K. As we talked about on our last quarterly call, we've seen really nice and strong spring demand, enabling us to drive further acceleration in leasing spreads. L. You can see at best on the new lease side, where in March, just to give...
