hird Quarter 2024 Highlights (As Compared to Third Quarter 2023, unless otherwise noted)

• Homebuilding revenues increased 10% to $986 million from $894 million
• Home closings increased 5% to 1,889 from 1,798
• Net new orders increased 9% to 1,680 from 1,535
• Average sales price of homes closed increased 3% to $518,553 from $501,536
• Homebuilding gross margin of 19.2% compared to 20.6%
• Adjusted homebuilding gross margin (non-GAAP) of 27.6% compared to 28.4%
• Pre-tax income decreased 11% to $92 million from $104 million
• Net income attributable to DFH decreased 7% to $71 million, or $0.72 per basic share, from $76 million, or $0.79 per basic share
• Active community count of 235 as of September 30, 2024
• Backlog of 3,996 sold homes as of September 30, 2024, valued at $2.0 billion
• Controlled lot pipeline of 44,825 as of September 30, 2024, compared to 30,614 as of September 30, 2023
• Total liquidity, comprised of cash and cash equivalents and availability under the revolving credit facility, of $493 million as of September 30, 2024
• Net homebuilding debt to net capitalization (non-GAAP) of 45.6% as of September 30, 2024, compared to 34.5% as of September 30, 2023
• Return on participating equity of 30.4% for the trailing twelve months ended September 30, 2024, compared to 38.9% for the trailing twelve months ended September 30, 2023
• Repurchased 180,164 Class A common shares for $5 million during the three months ended September 30, 2024