Thursday 10th November, 2022 Dream Finders Homes is predominantly operating in Southern US states, which are benefiting from long-term positive migration trends. (Exhibit 1) Exhibit 1: Almost half of US population growth since the 1970s has been in the South Source: US Census Bureau Key drivers being warmer weather and lower state taxes (State income taxesContinue reading “What are the US housing trends we are seeing in DFH markets?”
Tag Archives: Dream Finders Homes
Given the spike in US home prices, do you think its fair to assume home prices will rise at 5.5% CAGR going forwards?
Thursday 10th November, 2022 Yes it’s a good spot. Median house prices in the US rose 18% in 2021, following +5% and -2% price changes in 2020 and 2019, respectively. This 18% rise also looks high relative to the median household income line of best fit. (Exhibit 1) Exhibit 1: The sales prices of newContinue reading “Given the spike in US home prices, do you think its fair to assume home prices will rise at 5.5% CAGR going forwards?”
DFH’s land options and potential balance sheet impact from write-offs
Thursday 10th November, 2022 The premiums paid for options are assets accounted for in the balance sheet under “Lot Deposits”, as of September 30, 2022 these were valued at $291m. Having to walk away from all option premia would be a bad outcome. The impact on the balance sheet would depend on: DFH’s current lotContinue reading “DFH’s land options and potential balance sheet impact from write-offs”
The Equity Analyst 