Dream Homes & Development Signs Letters of Intent for New Townhouse and Single-Family Home Developments in New Jersey with Retail Value of Over $88 Million - Seite 2

Dream added six new clients for elevation & renovation work since September 1, 2017. Two of the new projects are in townships where Dream has not previously worked, two were from client referrals and the last two were "rescue projects" where Dream was called in to complete projects other builders had abandoned.

Dream Homes CEO Mr. Vincent Simonelli stated, "This year has been very positive for Dream, with solid growth in both our new home and elevation divisions, as well as strong additions to our personnel infrastructure, which are just now beginning to bear fruit. Our new Design Center in Point Pleasant has also led to an increase in modular traffic and sales, as well as facilitated and increased client selections throughout our entire region."

CEO Simonelli continued, "Since being awarded the Ocean County Best of the Best in two categories (Best Custom Modular Builder and Best Home Improvement Contractor), we've had significant new awareness and interest from the public, which has led to more showroom traffic, completed estimates and signed contracts. Homeowners are also receiving referrals about Dream Homes from many industry professionals, such as architects, engineers and attorneys, who've either had clients with abandoned projects or simply want to retain Dream due to superior performance and reliability. Our phrase 'The Region's Most Trusted Builder' accurately describes our company, and it's becoming increasingly well known to homeowners in need of elevation & renovation work. It also helps that our management team has never failed to complete a project in over 24 years in the industry."

Mr. Simonelli added, "Our business model over the last year has been focused on increasing the new home and new development portion of our business, until it represents 50% - 70% of our entire revenue stream, from the current level of 20%. New home development has a much greater scalability and growth potential than elevation/renovation work. We have enjoyed steady growth in the renovation/elevation portion of the company and anticipate that by year end 2018 each part of the company (new homes and elevation work) will represent 50% of total revenue. By mid-year 2019, new home construction and development should represent over 70% of revenue.