Dream Finders to buy Beazer Homes in $2.2-billion deal

The company operates across 15 markets in 13 states, offering homes across a range of price points and providing related financing services.

Dream Finders and Beazer expect the transaction to close in the fourth quarter of 2026, subject to customary closing conditions.

U.S. homebuilders are navigating rising costs due to persistent inflation, as well as President Donald Trump's tariffs on key construction raw materials.

Besides, weakening consumer sentiment is prompting builders to offer incentives like mortgage rate buydowns, which in turn has hurt their margins further.

The agreement marks an end to a months-long saga between the two companies. In May, Dream Finders Homes had offered to acquire its peer for about $704 million, or $25.75 per share, but Beazer's board had rejected the proposal, saying it significantly undervalued the company.

Beazer's shares have soared nearly 80% since the offer was announced through the stock's last close.

Aug. 7 (Reuters) - Dream Finders Homes said on Friday it would acquire peer Beazer Homes in an all-cash deal worth about $2.2 billion, including debt, as it looks to scale up and become the sixth-largest U.S. homebuilder in a challenging housing market.