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Dream Finders Homes looks to cut costs following profit drop
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Dream Finders Homes is looking to cut costs as a result of decreasing sales prices and shrinking margins.
Compared to the first quarter of 2026, profits more than doubled from $13.6 million, according to the company's earnings report.
Homebuilding revenues for the second quarter totaled $1 billion, a 8% decrease from a year prior.
Dream Finders' homebuilding gross margin percentage decreased to 14.2% from 16.5% in the quarter, primarily as the result of higher land and financing costs, according to its release.
It also acquired Jet Home Loans in July 2024, which contributed to a $5 million, or 11%, increase in Dream Finders' financial services revenues in the second quarter.