The shares of the companies construction operate on a high this Wednesday (15) in the B3driven by the return of the housing program My home, my life (MCMV), after President Luiz Inacio Lula da Silva signed yesterday a provisional measure that determines the return and modernization of the program.
As expected, the formatting of the program under Lula’s government emphasizes serving low-income people, who fall into bracket 1. Who surfs the wave of the return of the My home, my life are low-income builders.
Around 2 pm (Brasília time), the actions of the MRV (MRVE3) had one of the highest rises in the index Ibovespawith gains of more than 4%.
The Minas Gerais construction company was still pushing the valuation of curry (CURY3), which rose close to 3%, Directional (DIRR3), of 1.8%, and Tent (TREND3), by 1.7%. A lavvi (LAVV3), in turn, operated at a high of 1.3%.
Minha Casa, Minha Vida encourages builders
O My home, my liferenamed program Green and Yellow House (CVA) in 2020 by the government of Jair Bolsonaro, is an opportunity for Brazilians to fulfill their dream of owning their own home. Now, the program becomes the “cat jump” for construction companies in 2023.
real estate analysts from SantanderAntônio Castrucci, Fanny Oreng and Matheus Meloni, assess that companies have shown a positive feeling for this year, reflecting the Lula government’s will to
boost the program. Also noteworthy are the additional improvements in access to credit, such as the expansion of FGTS payroll and real estate financing of 420 months.
Some changes from My home, my life have already been announced by the federal government. One of them is the proposal to allocate 50% of financed or subsidized units to band 1 of the program, aimed at families with gross income of up to R$ 2,640. Subsidies in this range vary between 85% and 95%.
The Lula government’s goal is to hire 2 million homes by the end of the mandate in 2026. The forecast is that the current ceiling on the value of the immobile in band 1, of R$ 96 thousand, be increased.
The economic team Genial Investimentos adds that the values of the units that will be enabled in this range of the My home, my life have not yet been defined and are at the discretion of the Ministry of Cities.
“The interest rates for each range have not been defined either, but, at first, we should not see changes”, he comments.
Stocks advance as MCMV returns
Despite not having any interest in operating in band 1, the company’s shares MRV they continue surfing the wave of the return of the program, operating at a high for the fourth day in a row.
According to Santander analysts, builders are willing to return to operating in band 1 – but only if the new structure provides more guarantees in relation to payments.
“Direcional is more cautious in the medium/low standard segment, mainly due to concerns associated with the increase in mortgage financing costs”, says the bank’s team.
the return of My home, my life it also leaves analysts excited about the roles, especially Cury and Direcional.
The bet is that they should continue to perform well after going through the sector’s recent crisis, due to the Covid-19 pandemic and higher costs, showing better margins.
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Source: Moneytimes
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