Dream Finders Homes, Inc. (NYSE: DFH)

Dream Finders Homes, Inc. designs, builds and sells single-family homes primarily in high-growth markets using an asset-light lot acquisition strategy. The company focuses on entry-level, first-time move-up, second-time move-up and active adult homes, and also sells homes to third-party investors under built-for-rent contracts. Home offerings are marketed under brands including Dream Finders Homes, DF Luxury, Reverie Active Adult Lifestyle by Dream Finders Homes, Craft Homes and Coventry Homes. To serve homebuyers and capture ancillary opportunities, the company operates financial services through mortgage banking via Jet HomeLoans, LP, title insurance services through DF Title, LLC doing business as Golden Dog Title & Trust and Golden Dog Title, and residential and commercial underwriting through Alliant National Title Insurance Company, Inc., along with homeowners insurance and adjacent products.

Revenue is generated from the sale of single-family homes across various price points and product lines, including those built for rental purposes. The company earns income from mortgage banking activities such as loan origination and servicing, title insurance and settlement services, and the provision of homeowners insurance and related products. Customers include individual homebuyers seeking primary residences, investors purchasing properties for rental portfolios, and individuals utilizing mortgage and title services during the homebuying process.

The company operates through the following segments: Southeast, Mid-Atlantic, Midwest and Financial Services.

• Southeast: This segment includes homebuilding operations in Jacksonville, Orlando and Tampa, Florida, the southeast and southwest coasts of Florida, Atlanta and Savannah, Georgia, Hilton Head and Bluffton, South Carolina, and custom homebuilding in northeast Florida. Homes are sold under the Dream Finders Homes, DF Luxury, Reverie Active Adult Lifestyle by Dream Finders Homes, Craft Homes and Coventry Homes brands. The segment benefits from strong population growth and favorable housing demand in these Sun Belt markets.

• Mid-Atlantic: This segment covers operations in the Washington, D. C. metropolitan area (including Washington D. C., Northern Virginia and Maryland), Nashville, Tennessee, Charlotte, Fayetteville, Raleigh and Wilmington, North Carolina, and Charleston, Myrtle Beach and Greenville, South Carolina. The segment offers single-family homes across entry-level to active adult categories, including built-for-rent options. Marketing in this region utilizes the same brand portfolio as other homebuilding segments.

• Midwest: This segment comprises homebuilding activities in Austin, Dallas, Houston and San Antonio, Texas; Denver, Colorado; and Phoenix, Arizona. The company constructs and sells single-family homes tailored to local affordability and buyer preferences, including properties for rental investors. Branding in this region includes Dream Finders Homes and related product lines adapted to local market conditions.

• Financial Services: This segment consists of mortgage banking and title services operations. Mortgage banking is conducted through the wholly owned subsidiary Jet HomeLoans, which provides conforming and non-conforming loan products. Title insurance and settlement services are delivered by DF Title, operating in multiple states, and Alliant Title, which underwrites policies in over 30 states. The segment also offers homeowners insurance and related products to homebuyers.

Dream Finders Homes, Inc. ranks among the top 14 homebuilders in the United States based on both homebuilding revenue and closings, according to the 2025 Builder 100 List from Builder Magazine. The company was named National Builder of the Year by Builder Magazine in 2025, reflecting its operational excellence and market presence. Competitive advantages include its asset-light land strategy, which reduces capital exposure and increases inventory turnover, and its integrated financial services that enhance customer retention and closing efficiency.

The company serves individual homebuyers purchasing primary residences, real estate investors acquiring properties for rental portfolios, and customers utilizing mortgage, title and insurance services during home transactions. Specific customer groups include first-time buyers, move-up buyers, active adult seekers, and investors entering into built-for-rent agreements. The business does not rely on a small number of concentrated customers, instead serving a broad base across its geographic markets.