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For the second half of the year, we expect renewal increases to be in the 5% to 6% range and new lease growth to continue to set seasonal records in the 8% to 12% range. Lastly, our full year expectation for Same-Home core operating expense growth remains unchanged. While we are seeing inflationary wage pressures and rising material costs, the efficiency of our platform has been able to mitigate some of these increases. Given the strength of our performance in the first half of the year, we are excited to raise our Same-Home core NOI guidance by 200 basis points to 6% at the midpoint. In closing, I would like to thank the entire American Homes 4 Rent team for their dedication and hard work as we provide high-quality housing to families across the country.
And most importantly, our residents appreciate our high quality rental homes and the customer service they receive from our professional property management team. And I would start by saying, yes, we've always, traditionally we'd spoken much more about a straight net debt to EBITDA metric. But internally, we look at leverage a number of different ways.
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And so when you look at affordability, affordability is a relative comparison as to what the various opportunities are for housing and occupancy. And against the ownership equation, the affordability remains intact. But both as you point out have increased. Just let me clarify one point that Bryan was making.
Located in vibrant areas with access to ample commerce and schooling, many of our communities also offer amenities like lawn service, playgrounds, trails, pools and fitness centers to support a better quality of life. High energy prices, inflation and international mobility are among the factors driving up prices. We offer you a renovated apartment in Berlin. Description of the object The renovated old building, one of the best preserved buildings in the heart of the old district of Kepenik, offers central accommodation and easy access to the forest and water around Kepenik. FurnitureThe spacious 3-room apartment on the top floor was completely...
AMH earnings call for the period ending June 30, 2021.
And though it's still early in the year, we're seeing an uptick in inbound inquires for land acquisition opportunities. As such to-date, we can pull more than 11,000 lots already at the low end of our 2021 goal of ending the year with 11,000 to 13,000 lots. Therefore, we now expect the end the year near the top end of this range.
Our homes contribute positively to the appeal and character of local communities and brings stability to their neighborhoods. The typical time period for one of our let's say average size developments of 80 to 120 homes is 18 to 24 months to go vertical. And then, when we're going to go vertical we meet with our property management team and talk about what the ideal level of absorption would be and then we structure the cadence of those deliveries accordingly. So we might do typically six to 10 per month and maybe cut it back in the winter and bump it up going into spring.
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And proudly includes a sustainability linked feature tied to our ESG score, which can further lower our credit facility borrowing costs in demonstrates our commitment to sound ESG principles. The Company received and reviewed the following BBB Complaint. We have escalated this maintenance work order with our team and have contacted the Complainant.
Dennis its Dave, let me just add a little color to a couple of those questions. When you look at land and the competitive landscape of land, which is absolutely true, it is competitive. One of the advantages, we have no different than our advantages in the MLS market as we have many, many markets that we are in, and we're evaluating all the markets at all times. So not all markets will have the same inflationary impacts at the same time. So there are opportunities created by being in multiple markets. And that is part of the ability to grow the way we are growing.
And that was a full year, probably a touch below the midpoint of that. But for the most part, as of right now, we've left our view for the balance of this year untapped from the guidance perspective. I'll cover three areas in my comments today. First, a brief review of our quarterly results. Second, an update on our balance sheet and capital markets activity.
There's just a little bit of time to get those new renters, new residents into the homes. So I don't think there's anything to be concerned about their. Rate growth continue to be fantastic and that's across all of our markets as well.
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Just maybe a little bit more color there and kind of on that turning the dial on or off of it would be great. Thank you for joining us for our second quarter 2021 earnings conference call. Please be advised that this call may include forward-looking statements. These risks and other factors that could adversely affect our business and future results are described in our press releases and in our filings with the SEC.
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The Complainant should receive a refund within 1-2 weeks. The matter is believed to be resolved to the satisfaction of both the Complainant and the Company. Our local team reviewed the move-out paperwork, and in a continued effort to provide superior customer service and ensure resident satisfaction, the Company revised some of the charges on October 28, 2022. Jade, let me just add a couple of -- Jade this is Dave. When we look at all of our acquisition channels as Jack indicated earlier, it is a total return proposition. The development channel is a channel that we get higher current income, current cash returns.
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