STXNEWS LATAM-Brazil homebuilder Cyrela has launches, sales drop in 2nd-qtr
Cyrela Brazil Realty SA, Brazil's biggest homebuilder, launched 890 million reais ($402.7 million) worth of new projects in the second quarter, down 49.5 percent from the same period a year earlier, according to a securities filing late Monday.
Sales in the quarter totaled 1.26 billion reais, a 42.3 percent decline from the same period in 2013, the filing said.
($1 = 2.21 Brazilian reais)
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