{
  "id": 19377336,
  "title": "Brazil Homebuilder’s Profit Falls 12.6%",
  "url": "https://urgent.news/2026/11/10/brazil-homebuilders-profit-falls-12-6",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-10T18:04:03.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/direcional-profit-falls-riva-slows-2026/"
  },
  "original_language": "en",
  "account": "Direcional, a Brazilian builder of affordable and mid-income homes, reported a 12.6% decline in net profit for the third quarter. Revenue remained steady at 1.16 billion reais, but the gross margin rose to a record 43.1%. The weaker performance was observed in Riva, Direcional's middle-income brand, which saw a 22.2% profit drop to 109.3 million reais. Gross profit increased by 7.7% to 499.5 million reais. The company attributes the profit gain to the sale of older stock, which carries higher margins than new launches. New launches fell by 37.1% year-over-year. The slowdown was attributed to delayed launches, events like the World Cup and holidays, and changes in buyer assessments. Riva's sales dropped 38% to 510.4 million reais, representing 49% of the group's total. The company's backlog of unbooked revenue from signed sales stood at 1.8 billion reais, up 10% from the previous year. Brazil's central bank maintained its Selic rate at 13.75% on November 4, citing adverse global conditions and upward risks to inflation.",
  "summary": "Brazilian builder Direcional earned US$36.4 million in the third quarter, down 12.6%, as its mid-income arm Riva slowed while Brazil's rate stayed at 13.75%. The post Brazil Homebuilder’s Profit Falls 12.6% appeared first on The Rio Times .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}