Key Facts

—Launches. Cyrela launched R$3.84 billion ($760 million) of new homes in the second quarter, up 34% on the year.

—Sales. Net pre-sales excluding swaps reached R$2.56 billion ($507 million), a 14% annual rise.

—The catch. The twelve-month sell-through rate fell to 42.8%, down from 51.4% a year earlier.

—Half-year. Launches for the first six months still trail 2025 by 11%, at R$5.59 billion ($1.11 billion).