Welcome to our dedicated page for Dream Finders Homes news (Ticker: DFH), a resource for investors and traders seeking the latest updates and insights on Dream Finders Homes stock.
Dream Finders Homes reports developments tied to its asset-light homebuilding model, single-family communities, and financial services subsidiaries. The company builds homes across the Southeast, Mid-Atlantic and Midwest, including markets in Florida, Texas, Tennessee, the Carolinas, Georgia, Colorado, Arizona, and the Washington, D.C. metropolitan area, and also provides mortgage financing, title agency, and underwriting services to homebuyers.
Recurring DFH news includes quarterly operating results, net sales, home closings, average selling prices, gross margins, controlled lot pipeline updates, and financial services performance. Company updates also cover active adult community launches under the Reverie brand, sports and regional marketing partnerships, completed acquisition integration, senior note financing, share repurchase authorization, and shareholder communications.
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Dream Finders Homes (DFH) reported record homebuilding revenues of $1.1 billion for Q4 2022, a 29% increase year-over-year, and $3.3 billion for the full year 2022, up 74% from 2021. Net income for 2022 surged 117% to $262 million, or $2.67 per share. Home closings rose 41% to 6,878 for the year, with an average sales price (ASP) of $474,292, a 22% increase. Despite these achievements, the company noted a 32.1% cancellation rate in Q4, driven by rising mortgage rates. The backlog as of December 31, 2022, stood at 5,548 homes valued at $2.5 billion. DFH maintains a robust liquidity position of $487 million.