To dream of termites represents feeling assailed by an unwelcome situation. Annoyance or disappointment that something totally fails to meet expectations. You may not like the idea of having to make a change, replace something, or move on. It may also reflect a surprise that some area of your life isn’t as perfect as you thought it was.
Example: A man dreamed that the foundation of his house was infested by termites. In real life he was being forced to except an early retirement. The termites in the foundation reflected how unwelcome early retirement was to the foundation of his life.