Lennar Corp Class A

LEN: XNYS (USA)

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Sales Incentives Will Weigh on Lennar's Near-Term Margins but Land-Light Strategy Will Buffer ROIC

Brian Bernard

Apr 22, 2025

Business Strategy and Outlook

Lennar is the second-largest homebuilder in the United States in terms of total revenue and the number of homes delivered, following D.R. Horton. The company operates in 26 states and primarily constructs single-family homes. Lennar caters to a diverse range of homebuyers, including first-time buyers, those looking to move up, active adults, and luxury buyers.

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Lennar Corp Class A

Sales Incentives Will Weigh on Lennar's Near-Term Margins but Land-Light Strategy Will Buffer ROIC

Business Strategy and Outlook

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