Dream Homes & Development Corporation is a small regional homebuilder and real estate developer operating in central and southern New Jersey, focused on Ocean, Atlantic, Cape May, Monmouth, and Middlesex counties. The company builds and sells single-family and multi-family homes, renovates and elevates existing homes, develops subdivisions, and sells finished lots to national homebuilders. Home elevation — raising homes above flood levels — is a notable specialty given the coastal geography of its markets. Dream Homes targets first-time buyers, move-up purchasers, and retirees, and has built over 2,500 homes and completed over 400 elevation and renovation projects since its founding in 1993. The company is shifting its mix toward subdivision development and finished lot sales, which management views as more scalable than custom or renovation work. In the finished lots business, Dream Homes acquires raw land, completes entitlement and infrastructure work, and sells improved lots to national builders — controlling land through options rather than taking title until approvals are secured to limit downside risk. Dream Homes is also building out a Build to Lease segment, converting some multi-family developments into rental properties rather than selling units, targeting institutional investors as a potential exit or financing mechanism. The company positions itself as a fully integrated developer, handling design, engineering, permitting, infrastructure, and construction in-house.
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