Key facts
- Mattamy Group Corporation's fiscal Q4 2026 revenue fell 17.9% to $2.18 billion.
- Homes closed in Q4 decreased by 10.4% to 3,143 units.
- Net sales orders increased by 40% to 2,532 homes in Q4.
- The company's sales order backlog decreased by 20%.
- Full-year revenue for fiscal 2026 declined 7.9% to $5.90 billion.
- Full-year closings decreased by 2.3% to 8,261 units.
- Full-year net sales orders increased by 8.6% to 7,474 homes.
Mattamy Group Corporation reported a 17.9% year-over-year revenue decline to $2.18 billion in its fiscal fourth quarter ended May 31, 2026, with homes closed down 10.4% to 3,143 units. Despite the drop in revenue and closings, net sales orders surged 40% to 2,532 homes, signaling a potential recovery in demand for the North American homebuilder. The company's sales order backlog fell 20% as prior orders were converted into deliveries.
For the full fiscal year ending May 31, 2026, Mattamy's revenue slipped 7.9% to $5.90 billion, and closings dipped 2.3% to 8,261 units. However, net sales orders for the year increased 8.6% to 7,474 homes.
The mixed results reflect broader industry conditions, including higher mortgage rates and affordability constraints, which have pressured closings while underlying demand supported new construction. The significant increase in quarterly orders alongside a shrinking backlog suggests that builders are rebuilding their order books while working through existing pipelines.