Real Estate & Home

Mattamy Homes Q4 revenue drops 18% as orders jump 40%

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Mattamy Group Corporation reported a 17.9% year-over-year drop in Q4 revenue to $2.18 billion, despite a 40% surge in net sales orders to 2,532 homes. This trend indicates that while demand for new homes is recovering, higher mortgage rates and affordability issues are delaying the conversion of orders into closed sales and revenue growth.Builders should monitor these metrics as they signal potential shifts in market conditions and pricing power.

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