In this episode of The Synopsis we cover capital-light homebuilder, Dream Finders Homes. We dovetail into the homebuilding industry, the macro supply/ demand environment, as well as detail Dream Finders Homes business model and how it differs from peer NVR. This podcast is informed by Speedwell Research’s new short format reports, called “Exploratory Reports”. We released the first Exploratory Report on Dream Finders Homes for free (link below).
Dream Finders Homes Report Link: https://speedwellsnippets.substack.com/p/dream-finders-home-exploratory-report
-*-*-*-*-*-*-*-*-*-*-
Show Notes
(0:00) - Intro, What is an Exploratory Research Piece?
(2:37) - Macro Backdrop, Housing Supply/ Demand Factors
(10:51) - Homebuilding as a Business
(13:57) - Dream Finders Homes History and Background
(19:17) - ROIC, Financial Performance,
(22:36) - Capital-light Model vs Traditional
(27:14) - Original Capital-light Homebuilder, NVR and how NVR differs from DFH
(34:08) - Competitive Factors, How do Homebuilders Differentiate?
(37:18) - Risks and Concerns
(42:36) - Closing Thoughts
(44:33) - Conclusion
-*-*-*-*-*-*-*-*-*-*-
Piece Introducing the The Value Capture Index: https://speedwellsnippets.substack.com/p/the-consumers-hierarchy-of-preferences-dc6
Speedwell's free newsletter: https://speedwellsnippets.substack.com/
More on Speedwell: https://speedwellsnippets.substack.com/p/speedwell-research-process-and-philosophy
Purchase a Speedwell Membership: https://speedwellresearch.com/subscribe/
Twitter: @Speedwell_LLC
Threads: @speedwell_research
Email us at info@speedwellresearch.com for any questions, comments, or feedback
-*-*-*-*-*-*-*-*-*-*-
Disclaimer
Nothing in this podcast is investment advice nor should be construed as such. At the time of publishing, no contributors to the podcast had a position in DFH. Furthermore, accounts one or more contributors advise on did not have a position in DFH. This may change without notice. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/
