JM Reports Decline in Sales and Rise in Unsold Homes

The housing builder JM plummeted by over 11 percent on the stock exchange in morning trading. An interim report shows both declining sales and a significant increase in the number of unsold homes.

» Published: July 11 2025

JM Reports Decline in Sales and Rise in Unsold Homes
Photo: Caisa Rasmussen/TT

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”The large fluctuations on the world's stock exchanges together with concern for the effects of possibly heavily increased tariffs and conflicts in our surroundings have made many consumers wait with buying homes”, writes CEO Mikael Åslund in the report.

The number of unsold homes in completed production increased to 616 units during the first half of the year, compared to 393 a year earlier. And the number of sold homes in the form of signed contracts fell to 988, down from 1,555.

JM's profit before tax from the second quarter of the year shrunk to 69 million kronor, down from 123 million a year earlier. Revenues fell to 2.5 billion, down from 3.6 billion.

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TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

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