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.
Dream Finders Homes, Inc. (NASDAQ: DFH) will announce its first quarter 2021 financial results before the market opens on May 12, 2021. The company is known for its rapid growth in the homebuilding sector and is seeking questions from analysts and stakeholders regarding its business performance. Dream Finders operates in several states including Florida, Texas, and North Carolina, and utilizes an asset-light model to achieve industry-leading returns on shareholder equity.
Dream Finders Homes reported record pre-tax earnings of $79.1 million for the year ended December 31, 2020, reflecting a 101.8% increase from 2019. This growth was fueled by a 52.5% rise in home sales revenues and improved gross margins. The company achieved 4,186 net new orders, a 95.7% increase year-over-year. In Q4 alone, net new orders surged 189% to 1,387 homes. Looking ahead, Dream Finders Homes anticipates 5,000 to 6,000 home closings for 2021, barring unforeseen COVID-19 impacts.
Dream Finders Holdings LLC, a subsidiary of Dream Finders Homes (NASDAQ: DFH), has successfully acquired Century Homes Florida from Tavistock Development Company, effective January 31, 2021. Century Homes Florida, known for its craftsmanship, operates in Central Florida and has built over 1,000 homes. The acquisition includes 134 homes under construction, 229 finished lots, and 490 lots for future inventory, enabling Dream Finders to expand its market presence. This acquisition is expected to meet the growing demands of the Central Florida housing market.
Dream Finders Homes (NASDAQ: DFH) has priced its initial public offering (IPO) at $13.00 per share for 9,600,000 shares of Class A common stock, aiming to raise approximately $124.8 million. Trading begins on January 21, 2021, with the offering closing by January 25, 2021. The company plans to utilize the net proceeds to pay off existing construction credit lines, enhancing its financial position. The underwriting team includes BofA Securities, RBC Capital Markets, and BTIG, with an option for underwriters to purchase an additional 1,440,000 shares.