Dream Finders Homes is trading at $14.38 (-6.74%) after reporting second-quarter results that missed analyst estimates for both revenue and earnings per share.
- Gross margin contracted to 14.2% from 16.5% a year earlier, as profitability was pressured by lower average selling prices and rising land and financing costs.
- While the company reported record sales and closings, the stock is also being weighed down by a broader real estate sector sell-off triggered by hawkish Federal Reserve expectations.