Summary
Lennar Corp. based in Miami, is one of the two largest builders of homes based on 82,583 new home deliveries in FY25, up from 80,210 deliveries in FY24. Rival D.R. Horton delivered 83,423 in FY25. Lennar’s $32.27 billion in homebuilding revenue topped Horton’s in FY25, helped by an average sales price of $391,000 that is about $22,000 higher than DHI. Based on total revenue, DHI was slightly larger. Lennar builds homes in approximately 26 states. The company’s South Central region accounts for the most deliveries (28%), but the West counts for 37% of homebuilding revenue because the average closing price is $602,000. Lennar builds step-up (approximately 68% of closings), entry level (28%), and retirement (4%) homes. The company also provides mortgage financing. Lennar’s Multifamily business develops and manages apartment complexes through joint ventures. ‘Lennar Other’ i
