Dream Homes & Development Corporation reported significant financial growth for the fiscal year ending December 31, 2025, with total revenues reaching $10.07 million, a substantial increase of 102.5% from $4.97 million in 2024. The company’s net income for the year was $748,997, down from $875,966 in the previous year, reflecting a decrease in profitability despite the increase in revenue. The gross profit for 2025 was $2.10 million, compared to $2.26 million in 2024, indicating a shift in the cost structure associated with the increased sales volume.
The company has made strategic adjustments to its business model, focusing on the development of Build to Lease properties and the sale of improved lots to national builders. This shift is in response to a growing demand for rental properties and a favorable lending environment for Build to Lease projects. As part of this strategy, Dream Homes has transitioned two multi-family developments, totaling 79 units, from Build for Sale to Build for Lease, which is expected to create a significant new revenue stream. The company is also actively pursuing additional land acquisitions and development opportunities, with five projects totaling 357 units currently in various stages of development.
Operationally, Dream Homes has seen a reduction in its employee headcount, with eight full-time employees reported as of December 31, 2025, down from previous years. The company’s focus on new home development has resulted in a more streamlined workforce, aligning with its strategic pivot towards scalable projects. The company’s total assets decreased to $7.24 million from $11.52 million in 2024, primarily due to a reduction in inventories and the sale of improved lots. Total liabilities also decreased to $5.52 million, down from $8.64 million, indicating improved financial management and a reduction in debt levels.
Looking ahead, Dream Homes anticipates continued growth in the residential construction market, particularly in southern New Jersey, where demand for affordable housing remains high. The company plans to leverage its established relationships with national builders and its expertise in modular construction to capitalize on emerging market trends. However, management has acknowledged potential risks, including economic fluctuations and regulatory changes, which could impact future performance. The company remains committed to enhancing its internal controls and financial reporting processes to ensure compliance and mitigate risks associated with its growth strategy.
About Dream Homes & Development Corp.
Dream Homes & Development Corporation is a regional real estate developer specializing in constructing single and multi-family homes, townhomes, and modular buildings. The company develops residential communities, improves land for sale, and offers Build to Lease and Improved Lots for Sale to national builders. Its core value lies in providing turn-key solutions, capitalizing on housing shortages, and serving markets in New Jersey’s Atlantic and Ocean counties.
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