Universal Homes, an Auckland-based residential builder owned by Chinese interests, has announced a $4 million net loss for the financial year ending December 2025. Despite generating $14.1 million in revenue from house and land package contracts, the company’s expenses exceeded income. The cost of sales reached $15.4 million, contributing to the negative financial result. This marks a downturn for the builder, signaling challenges within the Auckland housing market. The loss highlights increasing costs impacting the construction sector. Further details regarding the reasons for the cost overruns have not yet been released. The company has not yet commented on future strategies to address the financial shortfall.