Dream Finders Homes Launches Phoenix Division

Scottsdale, Arizona    (July 17, 2024) — One of the nation’s largest homebuilders, Dream Finders Homes, Inc (the “Company,” “Dream Finders Homes,” “Dream Finders” or “DFH”) (NYSE: DFH), is expanding to Phoenix, recently closing on nearly 300 homesites in two communities.

Dream Finders Homes has acquired 122 50-foot homesites in the fourth phase of San Tan Valley’s Bella Vista Farms from developer El Dorado Holdings. Home sales within the community are expected to begin during the third quarter of 2025.

Dream Finders Homes has also acquired 160 50-foot homesites in El Cidro, a community in Goodyear, west of Phoenix. Sales are expected to begin late next summer.

“Dream Finders Homes is very bullish on the Phoenix market and is making a substantial investment here, starting with Bella Vista Farms and El Cidro,” said Tyler Champlin, Phoenix Division President for Dream Finders Homes. “Phoenix is a great market, with an influx of new residents from California and the Midwest. The market is also experiencing major industrial growth. We are excited about the potential here and hope to top 500 annual closings in the next few years.”

Champlin says with home prices expected to start in the mid $400,000s, Dream Finders Homes will help address affordability issues in the region.

“This is an affordable price point for Maricopa County,” he said.

As Dream Finders Homes grows its footprint in the Phoenix market, they will offer a broader selection of floor plans.

“Our primary focus will be single-family detached, with home designs for the entry-level buyer to second-time move-up buyer,” he said.

Phoenix will be the westernmost market for Dream Finders Homes, which currently builds in nine states — Colorado, Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Texas and Virginia. The builder — a publicly traded company based in Jacksonville, Florida — is ranked No. 12 on Pro Builder’s 2024 Housing Giants Report.

“We’re excited to expand our footprint further west with our entry into the dynamic Phoenix market,” said Liesel Cooper, Regional President over Arizona and Colorado operations. “This move continues our expansive growth over the past few years and our forward advance in the list of the nation’s top-selling builders.”

Champlin is new to Dream Finders Homes, but not new to the Phoenix area, where he started his real estate career in 2006. Prior to Dream Finders Homes, he served as Vice President of Land Acquisition for Meritage Homes, was in project management for Lennar and was Vice President of Operations for Starwood Land Advisors.

Cooper brings nearly 40 years of residential real estate experience to Dream Finders Homes and is very familiar with the Phoenix market having worked for Richmond American Homes, KB Homes and Century Communities in roles that included Division President, Regional President and National President.

For more information about Dream Finders Homes, visit www.dreamfindershomes.com.

Forward-Looking Statements

This press release includes forward-looking statements regarding future events, including projected market conditions, possible or assumed future results of operations and statements regarding the Company’s strategies and expectations as they relate to market opportunities and growth. All forward-looking statements are based on Dream Finders Homes’ beliefs as well as assumptions made by and information currently available to Dream Finders Homes. These statements reflect Dream Finders Homes’ current views with respect to future events and are subject to various risks, uncertainties and assumptions. These risks, uncertainties and assumptions are discussed in Dream Finders Homes’ Annual Report on Form 10-K for the year ended December 31, 2023, and other filings with the U.S. Securities and Exchange Commission. Dream Finders Homes undertakes no obligation to update or revise any forward-looking statement except as may be required by applicable law.

About Dream Finders Homes, Inc.

Dream Finders Homes (NYSE: DFH) is a homebuilder based in Jacksonville, FL. Dream Finders Homes builds single-family homes throughout the Southeast, Mid-Atlantic and Midwest, including Florida, Texas, Tennessee, North Carolina, South Carolina, Georgia, Arizona, Colorado and the Washington D.C. metropolitan area, which comprises Northern Virginia and Maryland. Through its financial services joint ventures, DFH also provides mortgage financing and title services to homebuyers. Dream Finders Homes achieves its industry-leading growth and returns by maintaining an asset-light homebuilding model. For more information, please visit www.dreamfindershomes.com.

For directions and more information, call 888-214-1164 or visit www.dreamfindershomes.com.

Photo Information

Tyler Champlin