1 MIN. DE LECTURA
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