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November 10 , 2021 DE DREAM FINDERS HOMES Dream Finders Homes Reports Third Quarter 2021 Financial Results Backlog of Sold Homes Increased 146.2 % to 4,520 Homes Valued at Over $ 1.8 Billion During Quarter JACKSONVILLE , Fla . , Nov. 10 , 2021 ( GLOBE NEWSWIRE ) -- Dream Finders Homes , Inc. ( the " Company " or " DFH " ) ( NASDAQ : DFH ) , one of the nation's fastest growing homebuilders , today announced financial results for the third quarter ended September 30 , 2021 . Third Quarter 2021 Highlights ( As Compared to Third Quarter 2020 ) • Backlog of sold homes increased 146.2 % to 4,520 homes valued at $ 1.8 billion , both company records , compared to 1,836 homes valued at $ 684 million . On October 1 , 2021 , DFH completed the acquisition of McGuyer Homebuilders , Inc. ( MHI ) , which increased its backlog of sold homes to 6,364 homes valued at over $ 2.8 billion . The remaining highlights below do not include financial results for the MHI acquisition • Home building revenues increased 27.9 % to $ 361 million from $ 283 million • Gross margin as a percentage of home sales revenues increased 120 basis points to 16.0 % from 14.8 % • Pre - tax income increased 15.0 % to $ 28 million , compared to $ 24 million • Average sales price of homes closed increased 3.9 % to $ 375,693 from $ 361,442 • Home closings increased 17.4 % to 916 from 780 homes • Net new orders increased 12.3 % to 1,301 from 1,159 • Controlled lot pipeline increased 59.7 % to 30,766 as of September 30 , 2021 , from 19,276 at December 31 , 2020. As of September 30 , 2021 , the Company owned 4,118 lots , of which 3,619 were homes under construction • Active community count increased 35.4 % to 107 from 79 • Return on equity was 42.4 % for the trailing twelve months ended September 30 , 2021 , compared to 43.9 % for the trailing twelve months ended September 30 , 2020 Management Commentary " We have successfully delivered our third sequential quarter of year - over - year revenue , gross margin and pre - tax income growth , despite supply chain constraints , " said Patrick Zalupski , Chairman and CEO of DFH . " We've continued to see elevated consumer housing demand and price appreciation ; however , industry - wide labor , material and supply chain challenges have impacted sequential gross margins and temporarily drawn out cycle times by a month longer than our historical averages . Despite the challenges in the industry , inclusive of MHI , we have a record backlog of 6,364 sold homes with a value of over $ 2.8 billion , and collectively , our owned and controlled land position is over 40,000 lots . Our high performing culture has been tested daily over the past year and remains committed to delivering long - term value to our customers and shareholders , alike . As we look ahead , I am