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Spain's homebuilding cycle shows its hand in Neinor Homes' record first half

7/28/2026

Spain's residential construction cycle has rarely produced a result this legible.

Neinor Homes, the country's largest homebuilder, reported record first-half 2026 results: 2,392 home deliveries, net income of €54 million, and a year-on-year profit gain of 753 percent.

Full-year net income guidance of €120 million to €140 million remains on track.

What the delivery count signals Hitting 2,392 completions in a single half reflects execution across a build cycle that typically spans several years from land acquisition to title transfer.

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