Dream Finders Homes (DFH) 10-Q 3 Nov 22 2022 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2022	Nov. 03, 2022
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-39916
Entity Registrant Name	DREAM FINDERS HOMES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	85-2983036
Entity Address, Address Line One	14701 Philips Highway
Entity Address, Address Line Two	Suite 300
Entity Address, City or Town	Jacksonville
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	32256
City Area Code	904
Local Phone Number	644-7670
Title of 12(b) Security	Class A Common Stock, par value $0.01 per share
Trading Symbol	DFH
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001825088
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		32,380,013
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		60,380,000

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 123,692	$ 227,227
Restricted cash (VIE amounts of $9,260 and $4,275)	38,040	54,095
Accounts receivable (VIE amounts of $1,323 and $2,684)	37,929	33,482
Inventories:
Construction in process and finished homes	1,370,340	961,779
Company owned land and lots	135,988	83,197
VIE owned land and lots	6,502	21,686
Total inventories	1,512,830	1,066,662
Lot deposits	291,307	241,406
Other assets (VIE amounts of $1,797 and $2,185)	56,008	43,962
Equity method investments	11,440	15,967
Property and equipment, net	7,582	6,789
Operating lease right-of-use assets	24,069	19,359
Deferred tax asset	6,099	4,232
Intangible assets, net of amortization	6,059	9,140
Goodwill	172,207	171,927
Total assets	2,287,262	1,894,248
Liabilities
Accounts payable (VIE amounts of $0 and $1,309)	147,510	113,498
Accrued expenses (VIE amounts of $4,854 and $6,915)	133,319	139,508
Customer deposits	170,792	177,685
Construction lines of credit	975,000	760,000
Notes payable (VIE amounts of $0 and $1,979)	1,440	3,292
Operating lease liabilities	24,633	19,826
Contingent consideration	118,196	124,056
Total liabilities	1,570,890	1,337,865
Commitments and contingencies (Note 5)
Mezzanine Equity
Preferred mezzanine equity	155,830	155,220
Stockholders’ Equity
Additional paid-in capital	262,783	257,963
Retained earnings	283,326	118,194
Non-controlling interests	13,508	24,081
Total mezzanine and stockholders’ equity	716,372	556,383
Total liabilities, mezzanine equity, and stockholders’ equity	2,287,262	1,894,248
Class A Common Stock
Stockholders’ Equity
Common stock, value	323	323
Class B Common Stock
Stockholders’ Equity
Common stock, value	$ 602	$ 602

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets
Restricted cash	$ 38,040	$ 54,095
Accounts receivable	37,929	33,482
Other assets	56,008	43,962
Liabilities
Accounts payable	147,510	113,498
Accrued liabilities	133,319	139,508
Notes payable	$ 1,440	$ 3,292
Class A Common Stock
Stockholders’ Equity
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Common stock shares authorized (in shares)	289,000,000	289,000,000
Common stock shares outstanding (in shares)	32,380,013	32,380,013
Class B Common Stock
Stockholders’ Equity
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Common stock shares authorized (in shares)	61,000,000	61,000,000
Common stock shares outstanding (in shares)	60,380,000	60,380,000
Variable Interest Entity, Primary Beneficiary
Assets
Restricted cash	$ 9,260	$ 4,275
Accounts receivable	1,323	2,684
Other assets	1,797	2,185
Liabilities
Accounts payable	0	1,309
Accrued liabilities	4,854	6,915
Notes payable	$ 0	$ 1,979

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues:
Consolidated revenues		$ 785,669	$ 362,984	$ 2,242,869	$ 1,071,820
Homebuilding cost of sales		638,456	303,387	1,812,746	898,013
Selling, general and administrative expense		68,839	33,907	196,564	93,359
Income from equity in earnings of unconsolidated entities		(5,137)	(1,373)	(11,431)	(4,230)
Contingent consideration revaluation		2,641	602	11,875	5,762
Other (income) expense, net		(1,124)	(1,232)	(1,815)	(8,385)
Interest expense		5	14	31	672
Income before taxes		81,989	27,679	234,899	86,629
Income tax expense		(10,371)	(4,111)	(50,576)	(13,405)
Net income (loss)		71,618	23,568	184,323	73,224
Comprehensive income		71,618	23,568	184,323	73,224
Net income attributable to noncontrolling interest		(1,977)	(4,433)	(8,342)	(9,394)
Comprehensive income attributable to noncontrolling interest		(1,977)	(4,433)	(8,342)	(9,394)
Net income attributable to Dream Finders Homes, Inc.		69,641	19,135	175,981	63,830
Comprehensive income attributable to Dream Finders Homes, Inc.		$ 69,641	$ 19,135	$ 175,981	$ 63,830
Earnings per share
Basic (in dollars per share)	[1]	$ 0.71	$ 0.20	$ 1.78	$ 0.69
Diluted (in dollars per share)	[1]	$ 0.64	$ 0.20	$ 1.67	$ 0.69
Weighted-average number of shares
Basic (in shares)		92,760,013	92,521,482	92,760,013	92,521,482
Diluted (in shares)		108,286,433	92,695,197	105,117,234	92,658,878
Homebuilding
Revenues:
Consolidated revenues		$ 783,945	$ 361,322	$ 2,237,648	$ 1,067,232
Other
Revenues:
Consolidated revenues		$ 1,724	$ 1,662	$ 5,221	$ 4,588
[1]The Company calculated earnings per share (“EPS”) based on net income attributable to common stockholders for the period January 21, 2021 through September 30, 2021 over the weighted average diluted shares outstanding for the same period. EPS was calculated prospectively for the period subsequent to the Company’s initial public offering and corporate reorganization as described in Note 1, Nature of Business and Significant Accounting Policies, resulting in 92,521,482 shares of common stock outstanding as of the closing of the initial public offering. The total outstanding shares of common stock are made up of Class A common stock and Class B common stock, which participate equally in their ratable ownership share of the Company. Diluted shares were calculated by using the treasury stock method for stock grants and the if-converted method for the convertible preferred stock and the associated preferred dividends.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Common Stock - Class A	Common Stock - Class B	Redeemable Preferred Units Mezzanine	Redeemable Common Units Mezzanine	Common Units Members’	Additional Paid-in Capital	Retained Earnings	Total Non- Controlling Interests
Beginning balance (in shares) at Dec. 31, 2020				48,543	7,010
Beginning balance at Dec. 31, 2020				$ 55,638	$ 20,593
Increase (Decrease) in Temporary Equity [Roll Forward]
Net income (loss)				$ (157)	$ (91)	$ (996)
Ending balance (in shares) at Jan. 20, 2021				48,543	7,010
Ending balance at Jan. 20, 2021				$ 51,864	$ 19,227
Beginning balance (in shares) at Dec. 31, 2020		0	0			76,655
Beginning balance at Dec. 31, 2020	$ 212,023	$ 0	$ 0			$ 103,853	$ 0	$ 0	$ 31,939
Increase (Decrease) in Partners' Capital [Roll Forward]
Distributions	(26,753)			$ (3,617)	$ (1,275)	$ (18,384)			(3,476)
Net income	(1,034)								210
Ending Balance (in shares) at Jan. 20, 2021		0	0			76,655
Ending balance at Jan. 20, 2021	184,237	$ 0	$ 0			$ 84,473	0	0	28,673
Beginning balance (in shares) at Dec. 31, 2020				48,543	7,010
Beginning balance at Dec. 31, 2020				$ 55,638	$ 20,593
Ending balance (in shares) at Sep. 30, 2021				157,143	0
Ending balance at Sep. 30, 2021				$ 154,893	$ 0
Beginning balance (in shares) at Dec. 31, 2020		0	0			76,655
Beginning balance at Dec. 31, 2020	212,023	$ 0	$ 0			$ 103,853	0	0	31,939
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income	73,224
Ending Balance (in shares) at Sep. 30, 2021		32,295,329	60,226,153			0
Ending balance at Sep. 30, 2021	499,904	$ 323	$ 602			$ 0	256,762	64,552	22,772
Beginning balance (in shares) at Jan. 20, 2021				48,543	7,010
Beginning balance at Jan. 20, 2021				$ 51,864	$ 19,227
Increase (Decrease) in Temporary Equity [Roll Forward]
Net income (loss)				$ 522
Issuance of convertible preferred stock, net (in shares)				150,000
Issuance of convertible preferred stock, net	147,995			$ 147,995
Reorganization transactions (in shares)				(15,400)	(7,010)
Reorganization transaction				$ (19,958)	$ (19,227)
Redemptions (in shares)				(26,000)
Redemptions				$ (25,531)
Ending balance (in shares) at Sep. 30, 2021				157,143	0
Ending balance at Sep. 30, 2021				$ 154,893	$ 0
Beginning balance (in shares) at Jan. 20, 2021		0	0			76,655
Beginning balance at Jan. 20, 2021	184,237	$ 0	$ 0			$ 84,473	0	0	28,673
Increase (Decrease) in Partners' Capital [Roll Forward]
Equity-based compensation	4,032						4,032
Distributions	(17,085)								(17,085)
Net income	74,257							64,552	9,183
Reorganization transactions (in shares)		21,255,329	60,226,153			(76,655)
Reorganization transaction	0	$ 213	$ 602			$ (84,473)	122,843
Issuance of common stock in IPO, net (in shares)		11,040,000
Issuance of common stock in IPO, net	129,997	$ 110					129,887
Issuance of convertible preferred stock, net	147,995			$ 147,995
Contributions	2,000								2,000
Redemptions	(25,531)
Ending Balance (in shares) at Sep. 30, 2021		32,295,329	60,226,153			0
Ending balance at Sep. 30, 2021	499,904	$ 323	$ 602			$ 0	256,762	64,552	22,772
Beginning balance (in shares) at Jun. 30, 2021				7,143	0
Beginning balance at Jun. 30, 2021				$ 6,703	$ 0
Increase (Decrease) in Temporary Equity [Roll Forward]
Net income (loss)				$ 194
Issuance of convertible preferred stock, net (in shares)				150,000
Issuance of convertible preferred stock, net	147,995			$ 147,995
Ending balance (in shares) at Sep. 30, 2021				157,143	0
Ending balance at Sep. 30, 2021				$ 154,893	$ 0
Beginning balance (in shares) at Jun. 30, 2021		32,295,329	60,226,153			0
Beginning balance at Jun. 30, 2021	329,403	$ 323	$ 602			$ 0	255,290	45,611	20,874
Increase (Decrease) in Partners' Capital [Roll Forward]
Equity-based compensation	1,472						1,472
Distributions	(4,534)								(4,534)
Net income	23,568							18,942	4,433
Issuance of convertible preferred stock, net	147,995			$ 147,995
Contributions	2,000								2,000
Ending Balance (in shares) at Sep. 30, 2021		32,295,329	60,226,153			0
Ending balance at Sep. 30, 2021	499,904	$ 323	$ 602			$ 0	256,762	64,552	22,772
Beginning balance (in shares) at Dec. 31, 2021				157,143	0
Beginning balance at Dec. 31, 2021	155,220			$ 155,220	$ 0
Increase (Decrease) in Temporary Equity [Roll Forward]
Net income (loss)				$ 610
Ending balance (in shares) at Sep. 30, 2022				157,143	0
Ending balance at Sep. 30, 2022	155,830			$ 155,830	$ 0
Beginning balance (in shares) at Dec. 31, 2021		32,295,329	60,226,153			0
Beginning balance at Dec. 31, 2021	556,383	$ 323	$ 602			$ 0	257,963	118,194	24,081
Increase (Decrease) in Partners' Capital [Roll Forward]
Equity-based compensation (in shares)		84,684	153,847
Equity-based compensation	4,819						4,819
Distributions	(18,916)								(18,916)
Preferred stock dividends declared	(10,238)							(10,238)
Net income	184,323							175,370	8,342
Ending Balance (in shares) at Sep. 30, 2022		32,380,013	60,380,000			0
Ending balance at Sep. 30, 2022	716,372	$ 323	$ 602			$ 0	262,783	283,326	13,508
Beginning balance (in shares) at Jun. 30, 2022				157,143	0
Beginning balance at Jun. 30, 2022				$ 155,621	$ 0
Increase (Decrease) in Temporary Equity [Roll Forward]
Net income (loss)				$ 209
Ending balance (in shares) at Sep. 30, 2022				157,143	0
Ending balance at Sep. 30, 2022	155,830			$ 155,830	$ 0
Beginning balance (in shares) at Jun. 30, 2022		32,378,939	60,380,000			0
Beginning balance at Jun. 30, 2022	647,155	$ 323	$ 602			$ 0	261,207	217,346	12,056
Increase (Decrease) in Partners' Capital [Roll Forward]
Equity-based compensation (in shares)		1,074
Equity-based compensation	1,576						1,576
Distributions	(526)								(526)
Preferred stock dividends declared	(3,451)							(3,451)
Net income	71,618							69,431	1,977
Ending Balance (in shares) at Sep. 30, 2022		32,380,013	60,380,000			0
Ending balance at Sep. 30, 2022	$ 716,372	$ 323	$ 602			$ 0	$ 262,783	$ 283,326	$ 13,508

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net income	$ 184,323	$ 73,224
Adjustments to Reconcile Net Income to Net cash used in operating activities
Depreciation and amortization	8,006	3,025
Gain on sale of property and equipment	(99)	(73)
Amortization of debt issuance costs	2,708	1,267
Extinguishment of unamortized debt issuance costs	282	506
Amortization of right-of-use operating lease assets	4,154	2,494
Stock compensation expense	4,819	4,032
Deferred tax benefit	(1,867)	(3,941)
Income from equity method investments, net of distributions received	4,078	(2,234)
Remeasurement of contingent consideration	11,875	5,762
Changes in Operating Assets and Liabilities
Accounts receivable	(4,447)	(6,918)
Inventories	(446,168)	(153,372)
Lot deposits	(49,901)	(89,889)
Other assets	(10,971)	(19,855)
Accounts payable and accrued expenses	27,823	24,422
Customer deposits	(6,893)	45,447
Operating lease liabilities	(4,057)	(2,369)
Net cash used in operating activities	(276,335)	(118,472)
Cash Flows from Investing Activities
Purchase of property and equipment	(4,321)	(1,696)
Proceeds from disposal of property and equipment	127	441
Investments in equity method investments	0	(1,200)
Returns of investment from equity method investments	449	636
Business combinations, net of cash acquired	(280)	(22,694)
Net cash used in investing activities	(4,025)	(24,513)
Cash Flows from Financing Activities
Proceeds from construction lines of credit	8,007,500	1,536,317
Proceeds from issuance of convertible preferred stock	0	148,500
Principal payments on construction lines of credit	(7,792,500)	(1,386,702)
Proceeds from notes payable	578	2,836
Principal payments on notes payable	(2,429)	(24,930)
Payment of debt issuance costs	(5,490)	(7,505)
Payment of equity issuance costs	0	(12,985)
Payments on financing leases	0	(102)
Payments of contingent consideration	(17,735)	(1,207)
Payments of preferred stock dividends	(10,238)	0
Contributions from non-controlling interests	0	2,000
Distributions to non-controlling interests	(18,916)	0
Proceeds from stock issuance	0	142,982
Distributions	0	(43,837)
Redemptions	0	(25,531)
Contribution from conversion of converted LLC units	0	123,658
Conversion of LLC units	0	(123,658)
Net cash provided by financing activities	160,770	329,836
Net increase (decrease) in cash, cash equivalents and restricted cash	(119,590)	186,851
Cash, cash equivalents and restricted cash at beginning of period	281,322	85,211
Cash, cash equivalents and restricted cash at ending of period	161,732	272,062
Non-cash Financing Activities
Financed land payments to seller	0	8,916
Leased assets obtained in exchange for new operating lease liabilities	8,864	676
Equity issuance costs incurred	0	906
Non-cash Investing Activities
Investment capital reallocation	0	(3,469)
Total non-cash financing and investing activities	8,864	7,029
Reconciliation of Cash, cash equivalents and Restricted cash
Cash and cash equivalents	123,692	90,211
Restricted cash	38,040	181,851
Total Cash, cash equivalents and Restricted cash shown on the Consolidated Statements of Cash Flows	$ 161,732	$ 272,062

Nature of Business and Signific

Nature of Business and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Nature of Business and Significant Accounting Policies	Nature of Business and Significant Accounting Policies Nature of Business Dream Finders Homes, Inc. (the “Company”, “DFH, Inc.” or “we”) was incorporated in the State of Delaware on September 11, 2020. The Company was formed for the purpose of completing an initial public offering (“IPO”) of its common stock and related transactions in order to carry on the business of Dream Finders Holdings LLC, a Florida limited liability company (“DFH LLC”), as a publicly-traded entity. Pursuant to a corporate reorganization and completion of its IPO on January 25, 2021, the Company became a holding company for DFH LLC and its subsidiaries. In connection with the IPO, and pursuant to the terms of the Agreement and Plan of Merger by and among DFH, Inc., DFH LLC and DFH Merger Sub LLC, a Delaware limited liability company and a direct, wholly-owned subsidiary of DFH, Inc., DFH Merger Sub LLC merged with and into DFH LLC with DFH LLC as the surviving entity (the “Merger”). As a result of the Merger, all of the outstanding non-voting common units and Series A Preferred Units of DFH LLC converted into 21,255,329 shares of Class A common stock of DFH, Inc., all of the outstanding common units of DFH LLC converted into 60,226,153 shares of Class B common stock of DFH, Inc. and all of the outstanding Series B Preferred Units and Series C Preferred Units of DFH LLC remained outstanding. We refer to this and certain other related events and transactions, as the “Corporate Reorganization”. Following the Corporate Reorganization, the Company owns all of the voting membership interest of DFH LLC. The Company successfully completed its IPO of 11,040,000 shares of Class A common stock (which included full exercise of the over-allotment option) at an IPO price of $13.00 per share. Shares of the Company’s Class A common stock began trading on the Nasdaq Global Select Market under the ticker symbol “DFH” on January 21, 2021, and the IPO closed on January 25, 2021. On January 27, 2021, the Company redeemed all of the outstanding Series C Preferred Units for $26.0 million, including accrued unpaid preferred distributions. On October 10, 2022, the Company transferred the listing of its Class A common stock from the Nasdaq Global Select Market to the New York Stock Exchange. The Company's Class A common stock continues to trade under the stock symbol "DFH." Basis of Presentation and Consolidation The accompanying unaudited, condensed consolidated financial statements include the accounts of DFH, Inc., its wholly-owned subsidiaries and its investments that qualify for consolidation treatment (see Note 7). The accompanying statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with instructions to Form 10-Q and Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for a complete set of financial statements. As such, the accompanying statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021. The accompanying statements include all adjustments that are of a normal recurring nature and necessary for the fair presentation of our results for the interim periods presented, which are not necessarily indicative of results to be expected for the full year. All intercompany accounts and transactions have been eliminated in consolidation. There are no other components of comprehensive income not already reflected in net and comprehensive income on our Condensed Consolidated Statements of Comprehensive Income. As a result of the Corporate Reorganization, for accounting purposes, our historical results included herein present the combined assets, liabilities and results of operations of DFH, Inc. and DFH LLC and its direct and indirect subsidiaries for the period January 1 to January 21, 2021. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. Contingent Consideration In connection with applicable acquisitions, the Company records the fair value of contingent consideration as a liability on the acquisition date, based on estimated pre-tax net income of the acquiree for future periods prescribed by the underlying agreement. The initial measurement of contingent consideration is based on projected cash flows such as revenues, gross margin, overhead expenses and pre-tax income and is discounted to present value using the discounted cash flow method. The remaining estimated earn-out payments are subsequently remeasured to fair value at each reporting date based on the estimated future earnings of the acquired entities and the re-assessment of risk-adjusted discount rates that reflect current market conditions. Maximum potential exposure for contingent consideration is not estimable based on the contractual terms of the contingent consideration agreements, which allow for a percentage payout based on a potentially unlimited range of pre-tax net income. As of September 30, 2022 and December 31, 2021, the Company remeasured contingent consideration related to the acquisition of Village Park Homes, LLC and adjusted the liability to $2.6 million and $7.6 million, respectively. The Company recorded contingent consideration adjustments resulting in a decrease of $0.8 million and an increase of $0.1 million in expense for the three months ended September 30, 2022 and 2021, and $1.9 million and $0.6 million of expense for the nine months ended September 30, 2022 and 2021, respectively. As of September 30, 2022 and December 31, 2021, the Company remeasured contingent consideration related to the acquisition of H&H Constructors of Fayetteville, LLC (“H&H”) and adjusted the liability to $15.3 million and $19.7 million, respectively. The Company recorded contingent consideration adjustments resulting in a decrease of $2.5 million and an increase of $0.5 million in expense for the three months ended September 30, 2022 and 2021, and $0.1 million and $5.2 million of expense for the nine months ended September 30, 2022 and 2021, respectively. The Company measured contingent consideration related to the acquisition of MHI on October 1, 2021 (see Note 2), and recorded a liability of $94.6 million. As of September 30, 2022 and December 31, 2021, the Company remeasured contingent consideration related to the MHI acquisition and adjusted the liability to $100.3 million and $96.7 million, respectively. The Company recorded contingent consideration adjustments resulting in $5.9 million and $9.9 million of expense for the three and nine months ended September 30, 2022, respectively. The contingent consideration re-measurement adjustments are included in contingent consideration revaluation on the Condensed Consolidated Statements of Comprehensive Income. The payment of the H&H and MHI earn-outs are also subject to certain minimum earnings thresholds, which must be met by H&H and MHI, respectively, before an earn-out payment occurs. During the three months ended September 30, 2022 and 2021, the Company made no contingent consideration payments. For the nine months ended September 30, 2022 and 2021, total contingent consideration payments were $17.7 million and $1.2 million, respectively. See Note 10, Fair Value Disclosures, for additional discussion on fair value measurement inputs related to contingent consideration. Change in Accounting Principle – Cash and cash equivalents On December 31, 2021, the Company elected to change its accounting policy for the presentation of cash proceeds that are in transit from or held within title company escrow accounts for the benefit of the Company, typically for less than five days. Under the new principle, these proceeds are included in cash and cash equivalents, whereas previously, they were considered accounts receivable and included in other assets. The Company believes this reclassification to be preferable because it is a more accurate reflection of its liquidity at period end and the predominant method used in the industry. This change in accounting principle has been applied retrospectively. This reclassification had no impact on the Condensed Consolidated Statements of Comprehensive Income or Condensed Consolidated Statements of Equity. The impact of the retrospective presentation change on the Condensed Consolidated Statement of Cash Flows for the nine month period ended September 30, 2021, is shown below (in thousands): As previously reported As adjusted Effect of change Net cash used in operating activities $ (123,144) $ (118,472) $ 4,672 Reclassifications Certain other reclassifications have been made in the 2021 condensed consolidated financial statements to conform to the classifications used in 2022. Recent Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform, which provides practical expedients and exceptions for applying GAAP when modifying contracts and hedging relationships that use LIBOR as a reference rate. These amendments are not applicable to contract modifications made, and hedging relationships entered into or evaluated after December 31, 2022. In June of 2022, we amended and restated our revolving credit facility, with no material impact as a result of the shift away from LIBOR (see Note 3). We will continue to evaluate the impact of the shift and relevant guidance on our financial statements and disclosures, as applicable.

Business Acquisitions

Business Acquisitions	9 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Business Acquisitions	Business Acquisitions Century Homes On January 31, 2021, the Company completed the acquisition of Century Homes Florida, LLC (“Century Homes”) from Tavistock Development Company for a total purchase price of $35.6 million. The acquisition was accounted for as a business combination under FASB Topic 805, Business Combinations (“Topic 805”). We recorded an allocation of the purchase price to Century Homes’ tangible assets acquired and liabilities assumed based on their estimated fair values as of January 31, 2021. There were no identifiable intangible assets. Goodwill was recorded as the residual amount by which the purchase price exceeded the provisional fair value of the net assets acquired and is expected to be fully deductible for tax purposes. Goodwill consists primarily of expected synergies of combining operations, the acquired workforce, and growth opportunities, none of which qualify as separately identifiable intangible assets. As of January 31, 2022, the Company has completed its allocation of the purchase price and no measurement period adjustments were identified. The final purchase price allocation as of January 31, 2022 was as follows (in thousands): Cash acquired $ 3,993 Other assets 754 Goodwill 1,795 Inventories 34,324 Property and equipment, net 549 Liabilities (5,831) Total purchase price $ 35,584 MHI On October 1, 2021, we completed the acquisition of certain assets, rights and properties, and assumed certain liabilities of privately held Texas homebuilder McGuyer Homebuilders, Inc. and related affiliates (“MHI”), including (i) single-family residential homebuilding; (ii) owning model homes; (iii) acquisition, ownership and licensing of intellectual property (including architectural plans); (iv) purchasing and reselling homebuilding supplies; (v) development, construction and sale of condominium units in Austin, Texas; (vi) mortgage origination through a mortgage company; and (vii) title insurance, escrow and closing services through a title company. The acquisition allowed the Company to expand its existing footprint in the Texas market. Total cash paid at closing of approximately $471.0 million included $463.0 million in purchase price based on the preliminary value of purchased net assets and a 10.0% deposit on a separate land bank facility. On December 3, 2021, the Company paid an additional $25.2 million in cash for customary post-closing adjustments based on the final value of the net assets acquired as of September 30, 2021. Additionally, the Company agreed to the future payment of additional consideration of up to 25.0% of pre-tax net income for up to five periods—the last of which ends 48 months after the closing—subject to certain minimum pre-tax income thresholds and certain overhead expenses, estimated at approximately $94.6 million as of the acquisition date. The total purchase price was as follows (in thousands): Cash consideration $ 488,178 Contingent consideration based on future earnings 94,573 Total consideration $ 582,751 The Company used $20.0 million of cash on hand and proceeds from the sale of the Convertible Preferred Stock (see Note 6) and from unsecured debt incurred under the Credit Agreement, to fund the MHI acquisition. On October 1, 2021, the Company borrowed approximately $300.0 million under the Credit Agreement and paid off MHI’s vertical lines of credit in connection with the closing of the acquisition (see Note 3). The acquisition was accounted for as a business combination under Topic 805. We recorded an allocation of the purchase price to MHI tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values as of October 1, 2021. The amounts for intangible assets were based on third-party valuations performed. Goodwill was recorded as the residual amount by which the purchase price exceeded the provisional fair value of the net assets acquired and is expected to be fully deductible for tax purposes. Goodwill consists primarily of expected synergies of combining operations, the acquired workforce, and growth opportunities, none of which qualify as separately identifiable intangible assets. As of September 30, 2022, the Company has completed its purchase price allocation and no further updates to Goodwill are expected as a result of the acquisition. Pursuant to Topic 805, the financial statements will not be retrospectively adjusted for any provisional amount changes that occur in subsequent periods. Rather, we will recognize any provisional adjustments during the reporting period in which the adjustments are determined. We will also be required to record, in the same period’s financial statements, the effect on earnings, if any, as a result of any change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The final purchase price allocation as o f September 30, 2022, was as follows (in thousands): Cash acquired $ 297 Inventories 473,037 Lot deposits 40,452 Other assets 14,722 Property and equipment, net 3,163 Equity method investments 6,192 Intangible assets, net of amortization 8,840 Goodwill 141,071 Operating lease right-of-use assets 1,508 Accounts payable (41,466) Accrued expenses (25,801) Customer deposits (37,756) Operating lease liabilities (1,508) Total purchase price $ 582,751 On January 31, 2022, the Company made a cash payment of $34.9 million for model homes from MHI Models, Ltd., a Texas limited partnership (the “ MHI Model Homes”). The post-close consideration payment completed the asset purchase transaction, which was considered to be economically separate from the acquisition of MHI and the related purchase price allocation above. On March 24, 2022, the Company sold 93 completed model homes for $55.4 million, including the MHI Model Homes. The Company simultaneously entered into 93 individual lease agreements. The Company is responsible for paying the operating expenses associated with the homes while under lease. The Company considered the terms of the sale and leaseback arrangement and based on applicable GAAP guidance, concluded the transaction qualifies for sale treatment and that the leases should be classified as operating leases.

Construction Lines of Credit

Construction Lines of Credit	9 Months Ended
	Sep. 30, 2022
Line of Credit Facility [Abstract]
Construction Lines of Credit	Construction Lines of Credit On January 25, 2021, the Company entered into a $450.0 million syndicated senior credit facility with Bank of America, N.A. (the “Credit Agreement”), and subsequently repaid $340.0 million in outstanding debt and terminated all then-existing construction lines of credit. Through subsequent amendments in September 2021 (the “Amendments”), additional lenders were added as well as provisions for any existing lender, at the Company’s request, to increase its revolving commitment under the Credit Agreement, add new revolving loan tranches under the Credit Agreement or add new term loan tranches under the Credit Agreement, not to exceed an aggregate of $1.1 billion, which would include the exercise of the accordion feature (collectively, the "Existing Credit Agreement"). On June 2, 2022, the Company entered into an agreement to amend and restate its Existing Credit Agreement (the “Amended and Restated Credit Agreement”). The Amended and Restated Credit Agreement is substantially similar to the Existing Credit Agreement except that the Amended and Restated Credit Agreement, among other things, (i) provides for an increase in the aggregate commitments under the facility from $817.5 million to $1.1 billion; (ii) allows the facility to expand to a borrowing base of up to $1.6 billion through its accordion feature; (iii) extends the maturity date from January 25, 2024 to June 2, 2025; and (iv) transitions the applicable interest rate from a Eurodollar based rate to a Secured Overnight Financing Rate (“SOFR”) based rate, as described below. Under the Amended and Restated Credit Agreement, loans bear interest at the Company’s option of (1) a “Base Rate”, which means, for any day, a fluctuating rate per annum equal to credit spreads of 1.5% to 2.6%, which are determined based on the Company’s debt to capitalization ratio, plus the highest of (a) the Federal Funds Rate plus 0.5%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate,” (c) Term SOFR plus 1.0% and (d) 1.0%, or (2) a “Term SOFR/Letter of Credit Rate”, which means for any day a fluctuating rate per annum equal to credit spreads of 2.5% to 3.6%, which are determined based on the Company’s debt-to-capitalization ratio, plus the adjusted term SOFR rate (based on one, three or six-month interest periods). On June 30, 2022, the Company received an additional commitment of $50.0 million under the terms of the accordion feature. As of September 30, 2022 and December 31, 2021, the outstanding balance under the Amended and Restated Credit Agreement was $975.0 million and $760.0 million, respectively, and the effective interest rate was 5.7% and 3.8%, respectively. Under the Amended and Restated Credit Agreement, the funds available are unsecured and availability under the borrowing base is calculated based on finished lots, construction in process, and finished homes inventory on the Condensed Consolidated Balance Sheets. The Company had capitalized debt issuance costs related to the line of credit and notes payable, net of amortization, of $8.0 million and $5.5 million as of September 30, 2022 and December 31, 2021, respectively, which were included in other assets on the Condensed Consolidated Balance Sheets. The Company amortized $1.1 million and $0.5 million of debt issuance costs for the three months ended September 30, 2022 and 2021, and $2.7 million and $1.3 million of debt issuance costs for the nine months ended September 30, 2022 and 2021, respectively. The Credit Agreement contains restrictive covenants and financial covenants. The Company was in compliance with all debt covenants as of September 30, 2022 and December 31, 2021. The Company expects to remain in compliance with all debt covenants over the next twelve months.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of fi nished lots, construction in process (“CIP”) and finished homes, including capitalized interest. In addition, lot option fees related to off-balance sheet arrangements and due diligence costs related to land development are also capitalized into inventories – finished lots and land. Finished lots are purchased with the intent of building and selling a home, and are generally purchased just-in-time for construction. CIP represents the homebuilding activity associated with homes to be sold and speculative homes. CIP includes the cost of the finished lot and all of the direct costs incurred to build the home. The cost of the home is expensed on a specific identification basis. Interest is capitalized and included within each inventory category above. Capitalized interest activity is summarized in the table below for the three and nine months ended September 30, 2022 and 2021 (in th ousands): For the Three Months Ended For the Nine Months Ended 2022 2021 2022 2021 Capitalized interest at the beginning of the period $ 62,036 $ 18,790 $ 33,266 $ 21,091 Interest incurred 33,630 9,672 84,063 23,669 Interest expensed (5) (14) (31) (672) Interest charged to homebuilding cost of sales (14,470) (5,600) (36,107) (21,240) Capitalized interest at the end of the period $ 81,191 $ 22,848 $ 81,191 $ 22,848

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is currently involved in the appeals phase of civil litigation related to defective products provided by Weyerhaeuser NR Company (“Weyerhaeuser”) (NYSE: WY), one of our lumber suppliers. Our Colorado division builds a number of floor plans that include basements using specialized fir lumber. On July 18, 2017, Weyerhaeuser issued a press release indicating a recall and potential solution for TJI Joists with Flak Jacket Protection manufactured after December 1, 2016. The press release indicated the TJI Joists used a Flak Jacket coating that included a formaldehyde-based resin that could be harmful to consumers and produced an odor in certain newly constructed homes. We had 38 homes impacted by the potentially harmful and odorous Flak Jacket coating and incurred significant costs directly related to Weyerhaeuser’s defective TJI Joists. Accordingly, we sought remediation and damages from Weyerhaeuser. The press release by Weyerhaeuser had a pronounced impact on our sales and cancellation rates in Colorado. We filed suit on December 27, 2017—Dream Finders Homes LLC and DFH Mandarin, LLC v. Weyerhaeuser NR Company, No. 17CV34801 (District Court, City and County of Denver, State of Colorado)—and included claims against Weyerhaeuser for manufacturer’s liability based on negligence, negligent misrepresentation causing financial loss in a business transaction and fraudulent concealment. Weyerhaeuser asserted a counterclaim asserting an equitable claim for unjust enrichment. After completion of a jury trial on November 18, 2019, the District Court issued a verdict in our favor on our claims, awarding Dream Finders Homes LLC $3.0 million in damages and DFH Mandarin, LLC $11.7 million in damages. On February 21, 2020, the District Court dismissed Weyerhaeuser’s counterclaim. Weyerhaeuser appealed the Colorado District Court’s jury verdict and on December 2, 2021, the Colorado Court of Appeals reversed the judgment entered against Weyerhaeuser for negligence, negligent misrepresentation and fraudulent concealment. As a result, Dream Finders Homes LLC and DFH Mandarin, LLC (collectively, "DFH") filed a petition for writ of certiorari to the Colorado Supreme Court on January 13, 2022 to appeal the Colorado Court of Appeals ruling —Dream Finders Homes LLC and DFH Mandarin, LLC v. Weyerhaeuser NR Company, Case No. 2022SC24 (Colorado Supreme Court). On September 12, 2022, the Colorado Supreme Court issued a denial of certiorari. As a result of the denial of certiorari, the Company could have exposure as part of Weyerhaeuser's motion for costs incurred in defense of this case. However, this would not include attorneys' fees. As we do not believe the amount to be material, we have not recorded a liability for this matter as of September 30, 2022. On October 9, 2019, Silver Meadows Townhome Owners Association, Inc. filed a lawsuit in Boulder County Colorado District Court against DFH Mandarin, LLC (“Mandarin”) and Dream Finders Homes, LLC (collectively with Mandarin, “DFH”), both wholly-owned subsidiaries of the Company, as well as other named defendants. The lawsuit alleges certain construction and development defects. Mandarin successfully compelled arbitration. On March 2, 2022 during arbitration proceedings, the parties settled the matter for $12.0 million subject to the execution of a mutually acceptable settlement agreement, including a denial of any admission of liability on behalf of DFH. DFH’s insurance carrier agreed to pay the policy limit of $4.0 million toward the settlement. In April 2022, the parties executed a mutually acceptable settlement agreement and DFH paid the settlement amount, net of the insurance proceeds received. In April 2022, DFH also commenced the formal legal process to seek contribution toward DFH’s portion of the settlement amount from responsible subcontractors and vendors who performed work on the project. As of September 30, 2022 , DFH settled with one subcontractor for contribution toward DFH's amounts paid toward the settlement and continued its

Equity

Equity	9 Months Ended
	Sep. 30, 2022
Members' Equity [Abstract]
Equity	Equity Pursuant to the Corporate Reorganization effective January 25, 2021, the Company is authorized to issue 350,000,000 shares of common stock, par value of $0.01 per share, consisting of 289,000,000 shares of Class A common stock and 61,000,000 shares of Class B common stock. In addition, the Board of Directors of the Company (the “Board of Directors”) has the authority to issue one or more series of preferred stock, par value $0.01 per share, without stockholder approval. As a result of the Corporate Reorganization, all of the outstanding non-voting common units and Series A Preferred Units of DFH LLC converted into 21,255,329 shares of the Company’s Class A common stock and all of the outstanding common units of DFH LLC converted into 60,226,153 shares of the Company’s Class B common stock. On September 29, 2021, the Company filed a Certificate of Designations with the State of Delaware establishing 150,000 shares of Series A Convertible Preferred Stock with an initial liquidation preference of $1,000 per share and a par value $0.01 per share (the “Convertible Preferred Stock”) and sold 150,000 shares of the Convertible Preferred Stock for an aggregate purchase price of $150.0 million. The Company used the proceeds from the sale of the Convertible Preferred Stock to fund a portion of the MHI acquisition (see Note 2). All of the Company’s outstanding preferred shares are classified in mezzanine equity as they can be redeemed in a deemed liquidation of the Company outside of the Company’s control.

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 2022
Variable Interest Entities [Abstract]
Variable Interest Entities	Variable Interest Entities The Company holds investments in certain limited partnerships and similar entities that conduct land acquisition, land development and/or other homebuilding activities in various markets where our homebuilding operations are located, which are considered variable interests. The Company also has an interest in Jet Home Loans LLC (“Jet Home Loans” or “Jet LLC”), where the primary activities include underwriting, originating and selling home mortgages. The Company’s investments in these joint ventures create a variable interest in a variable interest entity (“VIE”), depending on the contractual terms of the arrangement. Additionally, the Company, in the ordinary course of business, enters into option contracts with third parties and unconsolidated entities for the ability to acquire rights to land for the construction of homes. Under these contracts, the Company typically makes a specified earnest money deposit in consideration for the right to purchase land in the future, usually at a predetermined price. The VIEs are funded by initial capital contributions from the Company, as well as its other partners, and generally do not have significant debt. In some cases, an unrelated third party is the general partner or managing member and, in others, the general partner or managing member is a related party. The primary risk of loss associated with the Company’s involvement in these VIEs is limited to the Company’s initial capital contributions due to bankruptcy or insolvency of the VIE; however, management has deemed the likelihood of this as remote. The maximum exposure to loss related to the VIEs is disclosed below for both consolidated and unconsolidated VIEs, which equals the Company’s capital investment in each entity. Management analyzes the Company’s investments first under the variable interest model to determine if they are VIEs, and, if so, whether the Company is the primary beneficiary. Management determines whether the Company is the primary beneficiary of a VIE at the time it becomes involved with a VIE and reconsiders that conclusion if changes to the Company’s involvement arise. To make this determination, management considers factors such as whether the Company could direct finance, determine or limit the scope of the entity, sell or transfer property, direct development or direct other operating decisions. Management consolidates the entity if the Company is the primary beneficiary or if a standalone primary beneficiary does not exist and the Company and its related parties collectively meet the definition of a primary beneficiary. If the joint venture does not qualify as a VIE under the variable interest model, management then evaluates the entity under the voting interest model to assess if consolidation is appropriate. Joint ventures for which the Company is not identified as the primary beneficiary are typically accounted for as equity method investments based on the voting interest model. The Company and its unconsolidated joint venture partners make initial and/or ongoing capital contributions to these unconsolidated joint ventures, typically on a pro rata basis, according to each party’s respective equity interests. The option to make capital contributions is governed by each such unconsolidated joint venture’s respective operating agreement and related governing documents. Partners in these unconsolidated joint ventures are unrelated homebuilders, land developers or other real estate entities. For distributions received from these unconsolidated joint ventures, the Company has elected to use the cumulative earnings approach for the Condensed Consolidated Statements of Cash Flows. Under the cumulative earnings approach, distributions up to the amount of cumulative equity in earnings recognized are treated as returns on investment within operating cash flows and those in excess of that amount are treated as returns of investment within investing cash flows. The assets of a VIE can only be used to satisfy the obligations of that specific VIE, even for assets that are consolidated. The Company and its partners do not have an obligation to make capital contributions to the VIEs and there are no liquidity arrangements or other agreements that could require the Company to provide financial support to the VIEs. Furthermore, the creditors of the VIEs have no recourse to the Company’s general credit. Consolidated VIEs For VIEs that the Company does consolidate, management has the power to direct the activities that most significantly impact the VIE’s economic performance. The Company typically serves as the party with homebuilding expertise in the VIE. The Company does not guarantee the debts of the VIEs, and creditors of the VIEs have no recourse against the Company. There were no new consolidated VIEs during the nine months ended September 30, 2022 or 2021. The table below displays the carrying amounts of the assets and liabilities related to the consolidated VIEs (in thousands) : As of As of Consolidated 2022 2021 Assets $ 18,882 $ 30,830 Liabilities $ 4,854 $ 10,203 Unconsolidated VIEs For VIEs that the Company does not consolidate, the power to direct the activities that most significantly impact the VIE’s economic performance is held by a third party. These entities are accounted for as equity method investments. The Company’s maximum exposure to loss is limited to its investment in the entities because the Company is not obligated to provide any additional capital to or guarantee any of the unconsolidated VIEs’ debt. The table below shows the Company’s investment in the unconsolidated VIEs (in thousands): As of As of Unconsolidated 2022 2021 Jet Home Loans $ 5,285 $ 6,133 Other unconsolidated VIEs 6,155 9,834 Total investment in unconsolidated VIEs $ 11,440 $ 15,967 Lot Option Contracts None of the creditors of any of the land bank entities with which we enter into lot option contracts have recourse to our general credit. We generally do not have any specific performance obligations to purchase a certain number or any of the lots or guarantee any of the land bankers’ financial or other liabilities. We are not involved in the design or creation of the land bank entities from which we purchase lots under lot option contracts. The land bankers’ equity holders have the power to direct 100.0% of the operating activities of the land bank entity. We have no voting rights in any of the land bank entities. The sole purpose of the land bank entity’s activities is to generate positive cash flow returns for such entity’s equity holders. Further, we do not share any of the profit or loss generated by the project’s development. The profits and losses are passed directly to the land bankers’ equity holders. The deposit placed by us pursuant to the lot option contracts is deemed to be a variable interest in the respective land bank entities. Certain of those land bank entities are deemed to be VIEs. Therefore, the land bank entities with which we enter into lot option contracts are evaluated for possible consolidation by the Company. We believe the activities that most significantly impact a land bank entity’s economic performance are the operating activities of the land bank entity. In the case of development projects, unless and until a land bank entity delivers finished lots for sale, the land bank entity’s equity investors bear the risk of land ownership and do not earn any revenues. The operating development activities are managed by the land bank entity’s equity investors. We possess no more than limited protective legal rights through the lot option contracts in the specific finished lots we are purchasing, and we possess no participative rights in the land bank entities. Accordingly, we do not have the power to direct the activities of a land bank entity that most significantly impact its economic performance. For the aforementioned reasons, the Company concluded that it is not the primary beneficiary of the land bank entities with which it enters into lot option contracts, and therefore the Company does not consolidate any of these VIEs. These option contracts generally allow us, at our option, to forfeit our right to purchase the lots for any reason. Our sole legal obligation and economic loss as a result of such forfeitures is limited to the amount of land deposits paid pursuant to such option contracts, including accrued interest, any related interest paid to the land bank partner, management of the land development to completion and any cost overruns related to the land development project. The Company’s risk of loss related to finished lot option and land bank option contract deposits and related fees and interest was $413.2 million and $274.9 million as of September 30, 2022 and December 31, 2021, respectivel y.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rate for the nine months ended September 30, 2022 and 2021 is estimated to be 21.5% and 17.0%, respectively. The effective tax rate estimate increase of 4.5% is primarily attributable to t he Florida corporate tax rate increase from 3.5% in 2021 to 5.5% in 2022, and increases in non-deductible executive compensation, and stock compensation expense

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The Company primarily operates in the homebuilding business and is organized and reported by division. There are eight reportable segments: (i) Jacksonville, (ii) Colorado, (iii) Orlando, (iv) Washington DC (“DC Metro”), (v) The Carolinas, (vi) Texas, (vii) Jet LLC, the Company’s mortgage operations, and (viii) Other. The Company includes the Century Homes operations within the Orlando segment and the MHI operations comprise the Texas segment. The remaining operating segments are combined into the “Other” category, along with the corporate component, which is not considered an operating segment. The following tables summarize revenues and net and comprehensive income by segment for the three and nine months ended September 30, 2022 and 2021, as well as total assets and goodwill by segment as of September 30, 2022 and December 31, 2021 (in thousands): For the Three Months Ended For the Nine Months Ended Revenues: 2022 2021 2022 2021 Jacksonville $ 129,633 $ 114,267 $ 445,317 $ 304,785 Colorado 41,642 30,778 119,226 70,785 Orlando 71,659 51,187 178,970 175,805 DC Metro 24,372 22,289 48,615 60,135 The Carolinas 117,622 77,023 319,385 270,355 Texas 329,757 — 910,249 — Jet Home Loans 5,248 7,106 18,901 19,951 Other (1) 70,984 67,440 221,107 189,955 Total segment revenues 790,917 370,090 2,261,770 1,091,771 Reconciling items from equity method investments (5,248) (7,106) (18,901) (19,951) Consolidated revenues $ 785,669 $ 362,984 $ 2,242,869 $ 1,071,820 For the Three Months Ended For the Nine Months Ended Net and comprehensive income: 2022 2021 2022 2021 Jacksonville $ 15,523 $ 15,893 $ 60,530 $ 35,379 Colorado 5,492 2,883 14,651 5,723 Orlando 9,333 3,174 16,219 13,613 DC Metro 2,375 805 3,430 2,804 The Carolinas 9,654 2,186 18,705 7,410 Texas 29,050 — 69,657 — Jet Home Loans (2,087) 2,585 2,239 7,633 Other (1) 3,232 (2,342) 2,932 5,251 Total segment net and comprehensive income 72,572 25,184 188,363 77,813 Reconciling items from equity method investments (954) (1,616) (4,040) (4,589) Consolidated net and comprehensive income $ 71,618 $ 23,568 $ 184,323 $ 73,224 Assets: Goodwill: As of As of As of As of 2022 2021 2022 2021 Jacksonville $ 327,142 $ 207,502 $ — $ — Colorado 174,548 116,121 — — Orlando 257,262 131,882 1,795 1,795 DC Metro 113,125 62,051 — — The Carolinas 297,946 247,250 16,853 16,853 Texas 812,593 743,306 141,071 141,071 Jet Home Loans 46,870 77,074 — — Other (1) 299,167 379,860 12,488 12,208 Total segments 2,328,653 1,965,046 172,207 171,927 Reconciling items from equity method investments (41,391) (70,798) — — Consolidated $ 2,287,262 $ 1,894,248 $ 172,207 $ 171,927

Fair Value Disclosures

Fair Value Disclosures	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Fair Value Disclosures Fair value represents the amount that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair values are determined using a fair value hierarchy based on the inputs used to measure fair value. Level 1 inputs are unadjusted quoted prices in active markets for identical assets and liabilities. Level 2 inputs are inputs other than quoted market prices that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable and significant to the fair value. The following table presents a summary of the change in fair value measurement of contingent consideration, which is based on Level 3 inputs and is the only asset or liability measured at fair value on a recurring basis (in thousands): Beginning balance, December 31, 2021 $ 124,056 Fair value adjustments related to prior year acquisitions 11,875 Contingent consideration payments (17,735) Ending balance, September 30, 2022 $ 118,196 Fair value measurements may also be utilized on a nonrecurring basis, such as for the impairment of long-lived assets and inventory. The fair value of financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, notes payable and customer deposits, approximate their carrying amounts due to the short-term nature of these instruments. The fair value of the construction lines of credit approximate their carrying amounts since they are subject to short-term fixed interest rates that reflect current market rates.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company enters into or participates in related party transactions. The majority of these transactions are entered into to secure finished lots for the construction of new homes. Consolidated Joint Ventures The Company has joint venture arrangements to acquire land, develop finished lots and build homes. Certain stockholders, directors and members of management of the Company, have invested in these joint ventures and some are limited partners in these joint ventures. DFH Investors LLC (which owned 15,400 Series A Preferred Units, representing 11.7% of the membership interest in DFH LLC, prior to the Corporate Reorganization) is the managing member of certain of these joint ventures. The joint ventures are consolidated for accounting purposes (see Note 7). DF Residential I, LP DF Residential I, LP (“Fund I”) is a real estate investment vehicle organized to acquire and develop finished lots. Dream Finders Homes LLC has entered into six joint ventures and ten land bank projects with Fund I since its formation in January 2017. DF Capital Management, LLC (“DF Capital”) is the investment manager in Fund I. The Company owns a 49.0% membership interest in DF Capital. DF Capital is controlled by unaffiliated parties. Certain directors and executive officers have made investments in Fund I as limited partners. In addition, certain members of management have made investments in Fund I. The general partner of Fund I is DF Management GP, LLC (“DF Management”). Dream Finders Homes LLC is one of four members of DF Management with a 25.8% membership interest. Certain members of DFH Investors LLC, including one of the Company’s directors, have a 65.3% membership interest. The total committed capital in Fund I, which was fully committed in 2019, is $36.7 million. Collectively, the Company’s directors, executive officers and members of management invested $8.7 million or 23.8% of the total committed capital in Fund I. Additionally, Dream Finders Homes LLC and DFH Investors LLC, collectively invested $1.4 million or 3.8% of the total committed capital of Fund I. DF Residential II, LP DF Residential II, LP (“Fund II”) initiated its first close on March 11, 2021. DF Management GP II, LLC, a Florida limited liability company, serves as the general partner of Fund II (the “General Partner”). Fund II raised total capital commitments of $322.1 million and was fully committed as of January 2022. DF Capital is the investment manager of Fund II. The Company indirectly owns 72.0% of the membership interests in the General Partner and receives 72.0% of the economic interests. The General Partner is controlled by unaffiliated parties. The Company’s investment commitment in Fund II is $3.0 million or 0.9% of the total committed capital of Fund II. On March 11, 2021, the Company entered into land bank financing arrangements and a Memorandum of Right of First Offer with Fund II, under which Fund II has an exclusive right of first offer on any land bank financing projects up to $20.0 million that meet its investment criteria and are undertaken by the Company during Fund II’s investment period. Certain directors, executive officers and members of management have made investment commitments as limited partners in Fund II in an aggregate amount of $133.9 million or 41.6% of the total committed capital of Fund II as of September 30, 2022, inclusive of a $100.0 million commitment from Rockpoint Group, LLC discussed below. As of December 31, 2021, these investment commitments were $33.9 million or 10.5% of the total committed capital of Fund II. Land Bank Transactions with DF Capital DF Capital subsequently raised additional commitments from limited partners through funds other than Fund I and Fund II, which provided land bank financing for specific projects. One of the Company’s officers, invested $0.2 million in one of these funds managed by DF Capital as a limited partner in 2019. The Company continues to purchase lots controlled by these funds. As of September 30, 2022, the Company had $61.2 million in outstanding lot deposits in relation to DF Capital projects. Transactions with Rockpoint Group, LLC and affiliates From time to time, the Company enters into land bank option contracts with Rockpoint Group, LLC (“Rockpoint”) or its affiliates in connection with the Company’s acquisition and development of land. Rockpoint or its affiliate provides the funding for the land acquisition and the Company secures the right to purchase finished lots at market prices by paying deposits based on the aggregate purchase price of the finished lots and any related fees, similar to land bank option contracts with non-related, third-party land bankers. William H. Walton III is the founding principal of Rockpoint and a member of the Company’s Board of Directors. On February 15, 2022, DFH entered into a Memorandum of Right of First Offer with Rockpoint, under which Rockpoint has an exclusive right of first offer on certain land bank financing projects that meet certain criteria and are undertaken by the Company during Fund II’s investment period. On the same date, Rockpoint provided funding relating to its $100.0 million commitment to Fund II. Jet Home Loans Jet LLC performs mortgage origination activities for the Company, including underwriting and originating home mortgages for Company customers and non-Company customers. The Company owns 49.9% of Jet LLC, but is not the primary beneficiary. Jet LLC is accounted for under the equity method and is a related party of the Company.

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Earnings per Share The following weighted-average shares and share equivalents were used to calculate basic and diluted earnings per share for the three and nine months ended September 30, 2022 and 2021 (in thousands, except share amounts): For the Three Months Ended For the Nine Months Ended 2022 2021 2022 2021 Numerator Net and comprehensive income attributable to Dream Finders Homes, Inc. $ 69,641 $ 19,135 $ 175,981 $ 63,830 Less: Preferred dividends (1) 3,660 193 10,848 1,197 Add: Loss prior to reorganization attributable to DFH LLC members (2) — — — (1,244) Net and comprehensive income attributable to common stockholders $ 65,981 $ 18,942 $ 165,133 $ 63,877 Denominator Weighted-average number of common shares outstanding - basic 92,760,013 92,521,482 92,760,013 92,521,482 Add: Common stock equivalent shares 15,526,420 173,715 12,357,221 137,396 Weighted-average number of shares outstanding - diluted 108,286,433 92,695,197 105,117,234 92,658,878 (1) For the diluted earnings per share calculation, $3.5 million and $10.2 million in preferred dividends associated with convertible preferred stock that are assumed to be converted have been added back to the numerator, for the three and nine months ended September 30, 2022, respectively. (2) The Corporate Reorganization created the current capital structure of DFH, Inc. Therefore, the basic and diluted earnings per share for the nine months ended September 30, 2021, only include earnings subsequent to January 21, 2021, the date of the Corporate Reorganization. Basic earnings per share is calculated by dividing net income attributable to DFH, Inc. for the period subsequent to the Corporate Reorganization, by the weighted-average number of shares of Class A common stock and Class B common stock outstanding for the period, which participate equally in their ratable ownership share of the Company. Diluted earnings per share has been calculated in a manner consistent with that of basic earnings per share, while giving effect to shares of potentially dilutive restricted stock grants outstanding during the period and the convertible preferred stock.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company has evaluated subsequent events through the date the financial statements were issued and no additional matters were identified requiring recognition or disclosure in the financial statement s.

Nature of Business and Signif_2

Nature of Business and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Nature of Business	Nature of Business Dream Finders Homes, Inc. (the “Company”, “DFH, Inc.” or “we”) was incorporated in the State of Delaware on September 11, 2020. The Company was formed for the purpose of completing an initial public offering (“IPO”) of its common stock and related transactions in order to carry on the business of Dream Finders Holdings LLC, a Florida limited liability company (“DFH LLC”), as a publicly-traded entity. Pursuant to a corporate reorganization and completion of its IPO on January 25, 2021, the Company became a holding company for DFH LLC and its subsidiaries. In connection with the IPO, and pursuant to the terms of the Agreement and Plan of Merger by and among DFH, Inc., DFH LLC and DFH Merger Sub LLC, a Delaware limited liability company and a direct, wholly-owned subsidiary of DFH, Inc., DFH Merger Sub LLC merged with and into DFH LLC with DFH LLC as the surviving entity (the “Merger”). As a result of the Merger, all of the outstanding non-voting common units and Series A Preferred Units of DFH LLC converted into 21,255,329 shares of Class A common stock of DFH, Inc., all of the outstanding common units of DFH LLC converted into 60,226,153 shares of Class B common stock of DFH, Inc. and all of the outstanding Series B Preferred Units and Series C Preferred Units of DFH LLC remained outstanding. We refer to this and certain other related events and transactions, as the “Corporate Reorganization”. Following the Corporate Reorganization, the Company owns all of the voting membership interest of DFH LLC. The Company successfully completed its IPO of 11,040,000 shares of Class A common stock (which included full exercise of the over-allotment option) at an IPO price of $13.00 per share. Shares of the Company’s Class A common stock began trading on the Nasdaq Global Select Market under the ticker symbol “DFH” on January 21, 2021, and the IPO closed on January 25, 2021. On January 27, 2021, the Company redeemed all of the outstanding Series C Preferred Units for $26.0 million, including accrued unpaid preferred distributions. On October 10, 2022, the Company transferred the listing of its Class A common stock from the Nasdaq Global Select Market to the New York Stock Exchange. The Company's Class A common stock continues to trade under the stock symbol "DFH."
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The accompanying unaudited, condensed consolidated financial statements include the accounts of DFH, Inc., its wholly-owned subsidiaries and its investments that qualify for consolidation treatment (see Note 7). The accompanying statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with instructions to Form 10-Q and Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for a complete set of financial statements. As such, the accompanying statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021. The accompanying statements include all adjustments that are of a normal recurring nature and necessary for the fair presentation of our results for the interim periods presented, which are not necessarily indicative of results to be expected for the full year. All intercompany accounts and transactions have been eliminated in consolidation. There are no other components of comprehensive income not already reflected in net and comprehensive income on our Condensed Consolidated Statements of Comprehensive Income. As a result of the Corporate Reorganization, for accounting purposes, our historical results included herein present the combined assets, liabilities and results of operations of DFH, Inc. and DFH LLC and its direct and indirect subsidiaries for the period January 1 to January 21, 2021.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.
Contingent Consideration	Contingent Consideration In connection with applicable acquisitions, the Company records the fair value of contingent consideration as a liability on the acquisition date, based on estimated pre-tax net income of the acquiree for future periods prescribed by the underlying agreement. The initial measurement of contingent consideration is based on projected cash flows such as revenues, gross margin, overhead expenses and pre-tax income and is discounted to present value using the discounted cash flow method. The remaining estimated earn-out payments are subsequently remeasured to fair value at each reporting date based on the estimated future earnings of the acquired entities and the re-assessment of risk-adjusted discount rates that reflect current market conditions. Maximum potential exposure for contingent consideration is not estimable based on the contractual terms of the contingent consideration agreements, which allow for a percentage payout based on a potentially unlimited range of pre-tax net income. As of September 30, 2022 and December 31, 2021, the Company remeasured contingent consideration related to the acquisition of Village Park Homes, LLC and adjusted the liability to $2.6 million and $7.6 million, respectively. The Company recorded contingent consideration adjustments resulting in a decrease of $0.8 million and an increase of $0.1 million in expense for the three months ended September 30, 2022 and 2021, and $1.9 million and $0.6 million of expense for the nine months ended September 30, 2022 and 2021, respectively. As of September 30, 2022 and December 31, 2021, the Company remeasured contingent consideration related to the acquisition of H&H Constructors of Fayetteville, LLC (“H&H”) and adjusted the liability to $15.3 million and $19.7 million, respectively. The Company recorded contingent consideration adjustments resulting in a decrease of $2.5 million and an increase of $0.5 million in expense for the three months ended September 30, 2022 and 2021, and $0.1 million and $5.2 million of expense for the nine months ended September 30, 2022 and 2021, respectively. The Company measured contingent consideration related to the acquisition of MHI on October 1, 2021 (see Note 2), and recorded a liability of $94.6 million. As of September 30, 2022 and December 31, 2021, the Company remeasured contingent consideration related to the MHI acquisition and adjusted the liability to $100.3 million and $96.7 million, respectively. The Company recorded contingent consideration adjustments resulting in $5.9 million and $9.9 million of expense for the three and nine months ended September 30, 2022, respectively. The contingent consideration re-measurement adjustments are included in contingent consideration revaluation on the Condensed Consolidated Statements of Comprehensive Income. The payment of the H&H and MHI earn-outs are also subject to certain minimum earnings thresholds, which must be met by H&H and MHI, respectively, before an earn-out payment occurs. During the three months ended September 30, 2022 and 2021, the Company made no contingent consideration payments. For the nine months ended September 30, 2022 and 2021, total contingent consideration payments were $17.7 million and $1.2 million, respectively. See Note 10, Fair Value Disclosures, for additional discussion on fair value measurement inputs related to contingent consideration.
Change in Accounting Principle - Cash and cash equivalents	Change in Accounting Principle – Cash and cash equivalents On December 31, 2021, the Company elected to change its accounting policy for the presentation of cash proceeds that are in transit from or held within title company escrow accounts for the benefit of the Company, typically for less than five days. Under the new principle, these proceeds are included in cash and cash equivalents, whereas previously, they were considered accounts receivable and included in other assets. The Company believes this reclassification to be preferable because it is a more accurate reflection of its liquidity at period end and the predominant method used in the industry. This change in accounting principle has been applied retrospectively. This reclassification had no impact on the Condensed Consolidated Statements of Comprehensive Income or Condensed Consolidated Statements of Equity. The impact of the retrospective presentation change on the Condensed Consolidated Statement of Cash Flows for the nine month period ended September 30, 2021, is shown below (in thousands): As previously reported As adjusted Effect of change Net cash used in operating activities $ (123,144) $ (118,472) $ 4,672
Reclassifications	ReclassificationsCertain other reclassifications have been made in the 2021 condensed consolidated financial statements to conform to the classifications used in 2022.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform, which provides practical expedients and exceptions for applying GAAP when modifying contracts and hedging relationships that use LIBOR as a reference rate. These amendments are not applicable to contract modifications made, and hedging relationships entered into or evaluated after December 31, 2022. In June of 2022, we amended and restated our revolving credit facility, with no material impact as a result of the shift away from LIBOR (see Note 3). We will continue to evaluate the impact of the shift and relevant guidance on our financial statements and disclosures, as applicable.

Nature of Business and Signif_3

Nature of Business and Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Impact of the Retrospective Presentation Change on the Condensed Consolidated Statement of Cash Flows	The impact of the retrospective presentation change on the Condensed Consolidated Statement of Cash Flows for the nine month period ended September 30, 2021, is shown below (in thousands): As previously reported As adjusted Effect of change Net cash used in operating activities $ (123,144) $ (118,472) $ 4,672

Business Acquisitions (Tables)

Business Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2022
Century Homes Florida, Limited Liability Company
Business Acquisition [Line Items]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The final purchase price allocation as of January 31, 2022 was as follows (in thousands): Cash acquired $ 3,993 Other assets 754 Goodwill 1,795 Inventories 34,324 Property and equipment, net 549 Liabilities (5,831) Total purchase price $ 35,584
MHI Acquisition
Business Acquisition [Line Items]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The total purchase price was as follows (in thousands): Cash consideration $ 488,178 Contingent consideration based on future earnings 94,573 Total consideration $ 582,751 The final purchase price allocation as o f September 30, 2022, was as follows (in thousands): Cash acquired $ 297 Inventories 473,037 Lot deposits 40,452 Other assets 14,722 Property and equipment, net 3,163 Equity method investments 6,192 Intangible assets, net of amortization 8,840 Goodwill 141,071 Operating lease right-of-use assets 1,508 Accounts payable (41,466) Accrued expenses (25,801) Customer deposits (37,756) Operating lease liabilities (1,508) Total purchase price $ 582,751

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2022
Inventory Disclosure [Abstract]
Capitalized Inventory	Interest is capitalized and included within each inventory category above. Capitalized interest activity is summarized in the table below for the three and nine months ended September 30, 2022 and 2021 (in th ousands): For the Three Months Ended For the Nine Months Ended 2022 2021 2022 2021 Capitalized interest at the beginning of the period $ 62,036 $ 18,790 $ 33,266 $ 21,091 Interest incurred 33,630 9,672 84,063 23,669 Interest expensed (5) (14) (31) (672) Interest charged to homebuilding cost of sales (14,470) (5,600) (36,107) (21,240) Capitalized interest at the end of the period $ 81,191 $ 22,848 $ 81,191 $ 22,848

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2022
Variable Interest Entities [Abstract]
Schedule of Variable Interest Entities	The table below displays the carrying amounts of the assets and liabilities related to the consolidated VIEs (in thousands) : As of As of Consolidated 2022 2021 Assets $ 18,882 $ 30,830 Liabilities $ 4,854 $ 10,203
Investment in Unconsolidated VIEs	The table below shows the Company’s investment in the unconsolidated VIEs (in thousands): As of As of Unconsolidated 2022 2021 Jet Home Loans $ 5,285 $ 6,133 Other unconsolidated VIEs 6,155 9,834 Total investment in unconsolidated VIEs $ 11,440 $ 15,967

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables summarize revenues and net and comprehensive income by segment for the three and nine months ended September 30, 2022 and 2021, as well as total assets and goodwill by segment as of September 30, 2022 and December 31, 2021 (in thousands): For the Three Months Ended For the Nine Months Ended Revenues: 2022 2021 2022 2021 Jacksonville $ 129,633 $ 114,267 $ 445,317 $ 304,785 Colorado 41,642 30,778 119,226 70,785 Orlando 71,659 51,187 178,970 175,805 DC Metro 24,372 22,289 48,615 60,135 The Carolinas 117,622 77,023 319,385 270,355 Texas 329,757 — 910,249 — Jet Home Loans 5,248 7,106 18,901 19,951 Other (1) 70,984 67,440 221,107 189,955 Total segment revenues 790,917 370,090 2,261,770 1,091,771 Reconciling items from equity method investments (5,248) (7,106) (18,901) (19,951) Consolidated revenues $ 785,669 $ 362,984 $ 2,242,869 $ 1,071,820 For the Three Months Ended For the Nine Months Ended Net and comprehensive income: 2022 2021 2022 2021 Jacksonville $ 15,523 $ 15,893 $ 60,530 $ 35,379 Colorado 5,492 2,883 14,651 5,723 Orlando 9,333 3,174 16,219 13,613 DC Metro 2,375 805 3,430 2,804 The Carolinas 9,654 2,186 18,705 7,410 Texas 29,050 — 69,657 — Jet Home Loans (2,087) 2,585 2,239 7,633 Other (1) 3,232 (2,342) 2,932 5,251 Total segment net and comprehensive income 72,572 25,184 188,363 77,813 Reconciling items from equity method investments (954) (1,616) (4,040) (4,589) Consolidated net and comprehensive income $ 71,618 $ 23,568 $ 184,323 $ 73,224 Assets: Goodwill: As of As of As of As of 2022 2021 2022 2021 Jacksonville $ 327,142 $ 207,502 $ — $ — Colorado 174,548 116,121 — — Orlando 257,262 131,882 1,795 1,795 DC Metro 113,125 62,051 — — The Carolinas 297,946 247,250 16,853 16,853 Texas 812,593 743,306 141,071 141,071 Jet Home Loans 46,870 77,074 — — Other (1) 299,167 379,860 12,488 12,208 Total segments 2,328,653 1,965,046 172,207 171,927 Reconciling items from equity method investments (41,391) (70,798) — — Consolidated $ 2,287,262 $ 1,894,248 $ 172,207 $ 171,927

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation	The following table presents a summary of the change in fair value measurement of contingent consideration, which is based on Level 3 inputs and is the only asset or liability measured at fair value on a recurring basis (in thousands): Beginning balance, December 31, 2021 $ 124,056 Fair value adjustments related to prior year acquisitions 11,875 Contingent consideration payments (17,735) Ending balance, September 30, 2022 $ 118,196

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Weighted-Average Shares and Share Equivalents Used to Calculate Basic and Diluted Earnings per Share	The following weighted-average shares and share equivalents were used to calculate basic and diluted earnings per share for the three and nine months ended September 30, 2022 and 2021 (in thousands, except share amounts): For the Three Months Ended For the Nine Months Ended 2022 2021 2022 2021 Numerator Net and comprehensive income attributable to Dream Finders Homes, Inc. $ 69,641 $ 19,135 $ 175,981 $ 63,830 Less: Preferred dividends (1) 3,660 193 10,848 1,197 Add: Loss prior to reorganization attributable to DFH LLC members (2) — — — (1,244) Net and comprehensive income attributable to common stockholders $ 65,981 $ 18,942 $ 165,133 $ 63,877 Denominator Weighted-average number of common shares outstanding - basic 92,760,013 92,521,482 92,760,013 92,521,482 Add: Common stock equivalent shares 15,526,420 173,715 12,357,221 137,396 Weighted-average number of shares outstanding - diluted 108,286,433 92,695,197 105,117,234 92,658,878 (1) For the diluted earnings per share calculation, $3.5 million and $10.2 million in preferred dividends associated with convertible preferred stock that are assumed to be converted have been added back to the numerator, for the three and nine months ended September 30, 2022, respectively.

Nature of Business and Signif_4

Nature of Business and Significant Accounting Policies, Nature of Business (Details) - USD ($) $ / shares in Units, $ in Millions		8 Months Ended
	Jan. 25, 2021	Sep. 30, 2021	Jan. 27, 2021
Class A Common Stock
Nature of Business [Abstract]
Stock issued in offering (in shares)		11,040,000
Class B Common Stock
Nature of Business [Abstract]
Units converted to common stock (in shares)	60,226,153
Redeemable Convertible Series C Preferred Units
Nature of Business [Abstract]
Redemption of preferred stock			$ 26
IPO | Class A Common Stock
Nature of Business [Abstract]
Units converted to common stock (in shares)	21,255,329
Stock issued in offering (in shares)	11,040,000
Share price (in dollars per share)	$ 13
IPO | Class B Common Stock
Nature of Business [Abstract]
Units converted to common stock (in shares)	60,226,153

Nature of Business and Signif_5

Nature of Business and Significant Accounting Policies, Contingent Consideration (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Oct. 01, 2021
Business Combination, Contingent Consideration Arrangements [Abstract]
Contingent consideration	$ 118,196		$ 118,196		$ 124,056
Payment for contingent consideration liability			17,735	$ 1,207
VPH
Business Combination, Contingent Consideration Arrangements [Abstract]
Contingent consideration	2,600		2,600		7,600
VPH | Other Expense
Business Combination, Contingent Consideration Arrangements [Abstract]
Contingent consideration adjustments, increase (decrease) in expenses	(800)	$ 100	1,900	600
H&H
Business Combination, Contingent Consideration Arrangements [Abstract]
Contingent consideration	15,300		15,300		19,700
H&H | Other Expense
Business Combination, Contingent Consideration Arrangements [Abstract]
Contingent consideration adjustments, increase (decrease) in expenses	(2,500)	500	100	5,200
MHI Acquisition
Business Combination, Contingent Consideration Arrangements [Abstract]
Contingent consideration	100,300		100,300		$ 96,700	$ 94,600
Payment for contingent consideration liability	0	$ 0	17,700	$ 1,200
MHI Acquisition | Other Expense
Business Combination, Contingent Consideration Arrangements [Abstract]
Contingent consideration adjustments, increase (decrease) in expenses	$ 5,900		$ 9,900

Nature of Business and Signif_6

Nature of Business and Significant Accounting Policies, Change in Accounting Principle - Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Change in Accounting Principle [Abstract]
Net cash used in operating activities	$ (276,335)	$ (118,472)
As previously reported
Change in Accounting Principle [Abstract]
Net cash used in operating activities		(123,144)
As adjusted
Change in Accounting Principle [Abstract]
Net cash used in operating activities		(118,472)
Effect of change
Change in Accounting Principle [Abstract]
Net cash used in operating activities		$ 4,672

Business Acquisitions - Narrati

Business Acquisitions - Narrative (Details)	Jan. 31, 2022 USD ($)	Dec. 03, 2021 USD ($) Period	Oct. 01, 2021 USD ($)	Sep. 30, 2022 USD ($)	Mar. 24, 2022 USD ($) Lease Home	Jan. 31, 2021 USD ($)
Century Homes Florida, Limited Liability Company
Business Acquisition [Line Items]
Total purchase price	$ 35,584,000					$ 35,600,000
Identifiable intangible assets						$ 0
MHI Acquisition
Business Acquisition [Line Items]
Total purchase price			$ 582,751,000	$ 582,751,000
Payments to acquire businesses			471,000,000
Purchase price			$ 463,000,000
Percentage of deposit on separate land bank facility			10%
Consideration paid		$ 25,200,000
Minimum pre-tax income thresholds and overhead expenses			$ 94,600,000
Business acquisition, cash on hand			20,000,000
MHI Acquisition | Model Home
Business Acquisition [Line Items]
Payments to acquire businesses	$ 34,900,000
Number of completed homes sold | Home					93
Sale leaseback transaction					$ 55,400,000
Number of individual lease agreements | Lease					93
MHI Acquisition | Revolving Credit Facility
Business Acquisition [Line Items]
Lines of credit			$ 300,000,000
MHI Acquisition | Maximum
Business Acquisition [Line Items]
Additional consideration on pre-tax net income, percentage		25%
Periods of pre-tax net income | Period		5
Period for closing pre-tax income thresholds and certain overhead expenses		48 months

Business Acquisitions, Century

Business Acquisitions, Century Homes (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jan. 31, 2022	Dec. 31, 2021	Jan. 31, 2021
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Goodwill	$ 172,207		$ 171,927
Century Homes Florida, Limited Liability Company
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Cash acquired		$ 3,993
Other assets		754
Goodwill		1,795
Inventories		34,324
Property and equipment, net		549
Liabilities		(5,831)
Total purchase price		$ 35,584		$ 35,600

Business Acquisitions, MHI (Det

Business Acquisitions, MHI (Details) - USD ($) $ in Thousands	Oct. 01, 2021	Sep. 30, 2022	Dec. 31, 2021
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Goodwill		$ 172,207	$ 171,927
MHI Acquisition
Business Acquisition [Abstract]
Cash consideration	$ 488,178
Contingent consideration based on future earnings	94,573
Total consideration	582,751	582,751
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Cash acquired		297
Inventories		473,037
Lot deposits		40,452
Other assets		14,722
Property and equipment, net		3,163
Equity method investments		6,192
Intangible assets, net of amortization		8,840
Goodwill		141,071
Operating lease right-of-use assets		1,508
Accounts payable		(41,466)
Accrued expenses		(25,801)
Customer deposits		(37,756)
Operating lease liabilities		(1,508)
Total purchase price	$ 582,751	$ 582,751

Construction Lines of Credit (D

Construction Lines of Credit (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Jan. 25, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Jun. 02, 2022	Jun. 01, 2022	Dec. 31, 2021
Line of Credit Facility [Line Items]
Construction lines of credit		$ 975,000		$ 975,000				$ 760,000
Effective interest rate		5.70%		5.70%				3.80%
Amortization of debt issuance costs		$ 1,100	$ 500	$ 2,708	$ 1,267
Line of Credit and Notes Payable
Line of Credit Facility [Line Items]
Debt issuance costs, net of amortization		8,000		$ 8,000				$ 5,500
Line of Credit | Variable Rate, Highest Option, One | Fed Funds Effective Rate Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate				0.50%
Line of Credit | Variable Rate, Highest Option, Two | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate				1%
Line of Credit | Variable Rate Component Two
Line of Credit Facility [Line Items]
Basis spread on variable rate				1%
Line of Credit | Minimum | Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate				1.50%
Line of Credit | Minimum | Variable Rate, Highest Option, Four | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate				2.50%
Line of Credit | Maximum | Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate				2.60%
Line of Credit | Maximum | Variable Rate, Highest Option, Four | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate				3.60%
Bank of America, N.A. and Other Lenders
Line of Credit Facility [Line Items]
Line of credit maximum borrowing base			$ 1,100,000		$ 1,100,000	$ 1,100,000	$ 817,500
Accordion feature, increase limit						$ 1,600,000
Bank of America, N.A. and Other Lenders | Unsecured Syndicated Credit Facility
Line of Credit Facility [Line Items]
Line of credit maximum borrowing base		$ 50,000		$ 50,000
Bank of America, N.A. and Other Lenders | Unsecured Syndicated Credit Facility | IPO
Line of Credit Facility [Line Items]
Line of credit current borrowing base	$ 450,000
Repayments of debt	$ 340,000

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Capitalized interest at the beginning of the period	$ 62,036	$ 18,790	$ 33,266	$ 21,091
Interest incurred	33,630	9,672	84,063	23,669
Interest expensed	(5)	(14)	(31)	(672)
Interest charged to homebuilding cost of sales	(14,470)	(5,600)	(36,107)	(21,240)
Capitalized interest at the end of the period	$ 81,191	$ 22,848	$ 81,191	$ 22,848

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions			9 Months Ended
	Mar. 02, 2022 USD ($)	Nov. 18, 2019 USD ($)	Sep. 30, 2022 Home
Litigation Settlement [Abstract]
Number of homes impacted by harmful and odorous flak jacket coating | Home			38
Settlement amount during arbitration proceedings	$ 12
Litigation settlement, amount awarded to other party	$ 4
Parent Company
Litigation Settlement [Abstract]
Damages awarded		$ 3
Subsidiaries
Litigation Settlement [Abstract]
Damages awarded		$ 11.7

Equity (Details)

Equity (Details) $ / shares in Units, $ in Thousands			9 Months Ended
	Sep. 29, 2021 USD ($) $ / shares shares	Jan. 25, 2021 Vote $ / shares shares	Sep. 30, 2022 USD ($) $ / shares shares	Sep. 30, 2021 USD ($)	Dec. 31, 2021 $ / shares shares
Convertible Preferred Stock [Abstract]
Proceeds from issuance of convertible preferred stock | $			$ 0	$ 148,500
IPO
Stockholders' Equity Note [Abstract]
Common stock shares authorized (in shares)		350,000,000
Common stock par value (in dollars per share) | $ / shares		$ 0.01
Class A Common Stock
Stockholders' Equity Note [Abstract]
Common stock shares authorized (in shares)			289,000,000		289,000,000
Common stock par value (in dollars per share) | $ / shares			$ 0.01		$ 0.01
Class A Common Stock | IPO
Stockholders' Equity Note [Abstract]
Common stock shares authorized (in shares)		289,000,000
Common stock par value (in dollars per share) | $ / shares		$ 0.01
Units converted to common stock (in shares)		21,255,329
Class B Common Stock
Stockholders' Equity Note [Abstract]
Common stock shares authorized (in shares)			61,000,000		61,000,000
Common stock par value (in dollars per share) | $ / shares			$ 0.01		$ 0.01
Units converted to common stock (in shares)		60,226,153
Class B Common Stock | IPO
Stockholders' Equity Note [Abstract]
Common stock shares authorized (in shares)		61,000,000
Common stock par value (in dollars per share) | $ / shares		$ 0.01
Units converted to common stock (in shares)		60,226,153
Series A Convertible Preferred Stock
Convertible Preferred Stock [Abstract]
Temporary equity, shares issued (in shares)	150,000
Liquidation preference (in dollars per share) | $ / shares	$ 1,000
Par value (in dollars per share) | $ / shares	$ 0.01
Proceeds from issuance of convertible preferred stock | $	$ 150,000
Series B Preferred Stock
Stockholders' Equity Note [Abstract]
Voting rights per each unit | Vote		1

Variable Interest Entities - Na

Variable Interest Entities - Narrative (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($) Entity Vote	Sep. 30, 2021 Entity	Dec. 31, 2021 USD ($)
Variable Interest Entity or Potential VIE, Information Unavailability, Disclosures [Abstract]
Land bankers equity holders power to direct , percentage of operating activities of land bank entity	100%
Number of voting rights of land bank entities | Vote	0
Total risk of loss related to finished lot option and land bank option contracts | $	$ 413.2		$ 274.9
Consolidated VIEs
Variable Interest Entity or Potential VIE, Information Unavailability, Disclosures [Abstract]
Number of variable interest entities | Entity	0	0

Variable Interest Entities - Sc

Variable Interest Entities - Schedule of Variable Interest Entities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Assets	$ 2,287,262	$ 1,894,248
Liabilities	1,570,890	1,337,865
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Assets	18,882	30,830
Liabilities	$ 4,854	$ 10,203

Variable Interest Entities - In

Variable Interest Entities - Investment in Unconsolidated VIEs (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Investment in unconsolidated VIE's	$ 11,440	$ 15,967
Jet Home Loans
Variable Interest Entity [Line Items]
Investment in unconsolidated VIE's	5,285	6,133
Other unconsolidated VIEs
Variable Interest Entity [Line Items]
Investment in unconsolidated VIE's	$ 6,155	$ 9,834

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended		12 Months Ended
	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, percent		21.50%	17%
Increase in effective tax rate		4.50%
U.S. federal statutory income tax rate		5.50%		3.50%
Effective income tax rate reconciliation, tax exempt income, amount	$ 7.2

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands	1 Months Ended	3 Months Ended		8 Months Ended	9 Months Ended
	Jan. 20, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) Segment	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Segment Reporting [Abstract]
Number of reportable segments | Segment					8
Revenues [Abstract]
Consolidated revenues		$ 785,669	$ 362,984		$ 2,242,869	$ 1,071,820
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest [Abstract]
Net income	$ (1,034)	71,618	23,568	$ 74,257	184,323	73,224
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]
Comprehensive income		71,618	23,568		184,323	73,224
Assets [Abstract]
Assets		2,287,262			2,287,262		$ 1,894,248
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Goodwill		172,207			172,207		171,927
Operating Segments
Revenues [Abstract]
Consolidated revenues		790,917	370,090		2,261,770	1,091,771
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest [Abstract]
Net income		72,572	25,184		188,363	77,813
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]
Comprehensive income		72,572	25,184		188,363	77,813
Assets [Abstract]
Assets		2,328,653			2,328,653		1,965,046
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Goodwill		172,207			172,207		171,927
Operating Segments | Jacksonville
Revenues [Abstract]
Consolidated revenues		129,633	114,267		445,317	304,785
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest [Abstract]
Net income		15,523	15,893		60,530	35,379
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]
Comprehensive income		15,523	15,893		60,530	35,379
Assets [Abstract]
Assets		327,142			327,142		207,502
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Goodwill		0			0		0
Operating Segments | Colorado
Revenues [Abstract]
Consolidated revenues		41,642	30,778		119,226	70,785
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest [Abstract]
Net income		5,492	2,883		14,651	5,723
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]
Comprehensive income		5,492	2,883		14,651	5,723
Assets [Abstract]
Assets		174,548			174,548		116,121
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Goodwill		0			0		0
Operating Segments | Orlando
Revenues [Abstract]
Consolidated revenues		71,659	51,187		178,970	175,805
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest [Abstract]
Net income		9,333	3,174		16,219	13,613
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]
Comprehensive income		9,333	3,174		16,219	13,613
Assets [Abstract]
Assets		257,262			257,262		131,882
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Goodwill		1,795			1,795		1,795
Operating Segments | DC Metro
Revenues [Abstract]
Consolidated revenues		24,372	22,289		48,615	60,135
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest [Abstract]
Net income		2,375	805		3,430	2,804
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]
Comprehensive income		2,375	805		3,430	2,804
Assets [Abstract]
Assets		113,125			113,125		62,051
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Goodwill		0			0		0
Operating Segments | The Carolinas
Revenues [Abstract]
Consolidated revenues		117,622	77,023		319,385	270,355
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest [Abstract]
Net income		9,654	2,186		18,705	7,410
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]
Comprehensive income		9,654	2,186		18,705	7,410
Assets [Abstract]
Assets		297,946			297,946		247,250
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Goodwill		16,853			16,853		16,853
Operating Segments | Texas
Revenues [Abstract]
Consolidated revenues		329,757	0		910,249	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest [Abstract]
Net income		29,050	0		69,657	0
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]
Comprehensive income		29,050	0		69,657	0
Assets [Abstract]
Assets		812,593			812,593		743,306
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Goodwill		141,071			141,071		141,071
Operating Segments | Jet Home Loans
Revenues [Abstract]
Consolidated revenues		5,248	7,106		18,901	19,951
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest [Abstract]
Net income		(2,087)	2,585		2,239	7,633
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]
Comprehensive income		(2,087)	2,585		2,239	7,633
Assets [Abstract]
Assets		46,870			46,870		77,074
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Goodwill		0			0		0
Operating Segments | Other Segments
Revenues [Abstract]
Consolidated revenues		70,984	67,440		221,107	189,955
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest [Abstract]
Net income		3,232	(2,342)		2,932	5,251
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]
Comprehensive income		3,232	(2,342)		2,932	5,251
Assets [Abstract]
Assets		299,167			299,167		379,860
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Goodwill		12,488			12,488		12,208
Reconciling items from equity method investments
Revenues [Abstract]
Consolidated revenues		(5,248)	(7,106)		(18,901)	(19,951)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest [Abstract]
Net income		(954)	(1,616)		(4,040)	(4,589)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]
Comprehensive income		(954)	$ (1,616)		(4,040)	$ (4,589)
Assets [Abstract]
Assets		(41,391)			(41,391)		(70,798)
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Goodwill		$ 0			$ 0		$ 0

Fair Value Disclosures (Details

Fair Value Disclosures (Details) - Fair Value, Inputs, Level 3 $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance, December 31, 2021	$ 124,056
Fair value adjustments related to prior year acquisitions	11,875
Contingent consideration payments	(17,735)
Ending balance, September 30, 2022	$ 118,196

Related Party Transactions (Det

Related Party Transactions (Details) $ in Millions		1 Months Ended	9 Months Ended	12 Months Ended
	Mar. 11, 2021 USD ($)	Jan. 31, 2022 USD ($)	Sep. 30, 2022 USD ($) JointVenture Project shares	Dec. 31, 2021 USD ($)	Dec. 31, 2019 USD ($)
DFH Investors LLC
Consolidated Joint Ventures [Abstract]
Percentage of ownership interest			65.30%
Fund I
Consolidated Joint Ventures [Abstract]
Number of joint ventures entered | JointVenture			6
Number of land bank projects | Project			10
Investment company, committed capital					$ 36.7
DF Management GP II, LLC
Consolidated Joint Ventures [Abstract]
Percentage of ownership interest			25.80%
Investment company, committed capital		$ 322.1
Dream Finders Homes LLC and DFH Investors LLC
Consolidated Joint Ventures [Abstract]
Investment company, committed capital					$ 1.4
Committed capital ratio					3.80%
Fund II
Consolidated Joint Ventures [Abstract]
Percentage of ownership interest			72%
Investment company, committed capital			$ 3
Committed capital ratio			0.90%
DF Capital
Consolidated Joint Ventures [Abstract]
Percentage of ownership interest			49%
Payments to acquire projects			$ 0.2
Outstanding lot deposits			$ 61.2
Jet Home Loans
Consolidated Joint Ventures [Abstract]
Percentage of ownership interest			49.90%
Series A Preferred Units | DFH Investors LLC
Consolidated Joint Ventures [Abstract]
Number of preferred shares owned (in shares) | shares			15,400
Percentage of ownership interest			11.70%
Directors Executive Officers and Management | Fund I
Consolidated Joint Ventures [Abstract]
Investment company, committed capital					$ 8.7
Committed capital ratio					23.80%
Directors Executive Officers and Management | Fund II
Consolidated Joint Ventures [Abstract]
Investment company, committed capital			$ 133.9	$ 33.9
Committed capital ratio			41.60%	10.50%
Directors Executive Officers and Management | Rockpoint Group LLC
Consolidated Joint Ventures [Abstract]
Investment company, committed capital			$ 100
Minimum | DF Management GP II, LLC
Consolidated Joint Ventures [Abstract]
Investment company, committed capital	$ 20

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Sep. 11, 2020	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator
Net and comprehensive income attributable to Dream Finders Homes, Inc.		$ 69,641	$ 19,135	$ 175,981	$ 63,830
Less: Preferred dividends		3,660	193	10,848	1,197
Add: Loss prior to reorganization attributable to DFH LLC members		0	0	0	(1,244)
Net and comprehensive income attributable to common stockholders		$ 65,981	$ 18,942	$ 165,133	$ 63,877
Denominator
Weighted-average number of shares outstanding - basic (in shares)	92,521,482	92,760,013	92,521,482	92,760,013	92,521,482
Add: Common stock equivalent shares (in shares)		15,526,420	173,715	12,357,221	137,396
Weighted-average number of shares outstanding - diluted (in shares)		108,286,433	92,695,197	105,117,234	92,658,878
Diluted earnings		$ 3,500		$ 10,200