Lennar Corporation
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Stuart A. Miller
- Full Time Employees
- 12,532
- Sector
- Consumer durables
- Industry
- Homebuilding
- Address
- 5505 Waterford District Drive Miami FL United States 33126
- IPO Date
- Jul 27, 1972
- CIK
- 0000920760
- Website
- lennar.com
- Similar Companies
- Business
- Lennar Corporation (NYSE: LEN) is one of the nation's leading homebuilders, engaged primarily in the development, construction, and sale of single-family homes, townhomes, and condominiums, as well as multifamily rental properties and commercial developments. The company offers a diverse portfolio of home designs through its Everything's Included(R) program, which bundles high-quality finishes and features such as granite countertops, stainless steel appliances, and smart home technology at no additional cost; its Lennar at Home(TM) brand provides mortgage financing, title insurance, and closing services; and through subsidiaries like Eagle Home Mortgage, LLC, FivePoint Holdings, LLC, and Lennar Title, P.C., it delivers integrated financial and land development solutions. Lennar operates across key U.S. markets including the Southeast, Texas, the Midwest, and the West, with a strong emphasis on high-growth regions like Florida, Texas, and California; the company was founded in 1954 and is headquartered in Miami, Florida. Lennar's business segments encompass homebuilding (its core revenue driver, accounting for the majority of sales), financial services (including mortgage origination and title services), and multifamily (focused on rental apartment developments through its Portfolio business). The company targets first-time, move-up, and active adult buyers, as well as institutional investors in the rental housing sector, with products tailored to various price points and lifestyles, from entry-level homes starting around $300,000 to luxury communities exceeding $1 million. Internationally, Lennar maintains a limited presence through joint ventures, but its operations remain predominantly domestic. In recent developments, Lennar completed the spin-off of its multifamily rental business into a separate REIT named Mill Creek Residential Trust in late 2024, allowing focused growth in both single-family homebuilding and institutional rental housing. The company announced a strategic partnership with IBM in early 2025 to integrate advanced AI and data analytics into its construction processes, enhancing efficiency and personalization in home designs. Additionally, Lennar expanded its land bank through the acquisition of approximately 10,000 lots in high-demand markets during 2025 and launched its next-generation "Next Gen" multigenerational home layouts with enhanced privacy suites to meet evolving demographic needs.
Company News
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