Form 8-K

8-K — LENNAR CORP /NEW/

Accession: 0001193125-26-268580

Filed: 2026-06-12

Period: 2026-06-12

CIK: 0000920760

SIC: 1520 (GEN BUILDING CONTRACTORS - RESIDENTIAL BUILDINGS)

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — d31288d8k.htm (Primary)

EX-99.1 (d31288dex991.htm)

GRAPHIC (g31288ex99_1p10g1.jpg)

GRAPHIC (g31288ex99_1p11g1.jpg)

GRAPHIC (g31288ex99_1p12g1.jpg)

GRAPHIC (g31288ex99_1p13g1.jpg)

GRAPHIC (g31288ex99_1p14g1.jpg)

GRAPHIC (g31288ex99_1p15g1.jpg)

GRAPHIC (g31288ex99_1p16g1.jpg)

GRAPHIC (g31288ex99_1p17g1.jpg)

GRAPHIC (g31288ex99_1p18g1.jpg)

GRAPHIC (g31288ex99_1p19g1.jpg)

GRAPHIC (g31288ex99_1p1g1.jpg)

GRAPHIC (g31288ex99_1p20g1.jpg)

GRAPHIC (g31288ex99_1p21g1.jpg)

GRAPHIC (g31288ex99_1p22g1.jpg)

GRAPHIC (g31288ex99_1p23g1.jpg)

GRAPHIC (g31288ex99_1p24g1.jpg)

GRAPHIC (g31288ex99_1p25g1.jpg)

GRAPHIC (g31288ex99_1p26g1.jpg)

GRAPHIC (g31288ex99_1p27g1.jpg)

GRAPHIC (g31288ex99_1p2g1.jpg)

GRAPHIC (g31288ex99_1p3g1.jpg)

GRAPHIC (g31288ex99_1p4g1.jpg)

GRAPHIC (g31288ex99_1p5g1.jpg)

GRAPHIC (g31288ex99_1p6g1.jpg)

GRAPHIC (g31288ex99_1p7g1.jpg)

GRAPHIC (g31288ex99_1p8g1.jpg)

GRAPHIC (g31288ex99_1p9g1.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: d31288d8k.htm · Sequence: 1

8-K

LENNAR CORP /NEW/ false 0000920760 0000920760 2026-06-12 2026-06-12 0000920760 us-gaap:CommonClassAMember 2026-06-12 2026-06-12 0000920760 us-gaap:CommonClassBMember 2026-06-12 2026-06-12

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

June 12, 2026

Date of Report (Date of earliest event reported)

LENNAR CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

1-11749

95-4337490

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

5505 Waterford District Drive, Miami, Florida 33126

(Address of principal executive offices) (Zip Code)

(305) 559-4000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Class A Common Stock, par value $.10

LEN

New York Stock Exchange

Class B Common Stock, par value $.10

LEN.B

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

Item 7.01

Regulation FD Disclosure.

On June 12, 2026, Lennar Corporation (the “Company”) posted a presentation in the investor relations section of the Company’s website at investors.lennar.com. Members of the Company’s management may use all or portions of this presentation from time to time in meetings with or when making presentations to the investment community, current or potential stockholders, and others. The presentation is furnished herewith as Exhibit 99.1.

The information in the preceding paragraph, as well as Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. It may only be incorporated by reference into another filing under the Exchange Act or the Securities Act of 1933, as amended, if such subsequent filing specifically references this Current Report on Form 8-K.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is furnished as part of this Current Report on Form 8-K.

Exhibit

No.

Description of Document

99.1

Lennar Corporation Investor Presentation dated June 2026.

104

Cover Page Interactive Data File—the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 12, 2026

Lennar Corporation

By:

/s/ Diane Bessette

Name:

Diane Bessette

Title:

Vice President and Chief Financial Officer

EX-99.1

Filename: d31288dex991.htm · Sequence: 2

EX-99.1

Exhibit 99.1 Investor Presentation June 2026 1

Lennar is a transformed company 1 We completed a full asset-light

transformation 2 We transformed our balance sheet 3 We are focused on returns on capital and equity 4 We are focused on volume and are positioned to continue growth 5 We are driving even-flow production 6 We are transforming our business with

technology to enable efficiencies 7 Our controlled land + manufacturing model is our moat 8 Our share price does not reflect the impact of our transformation 2

WE COMPLETED A FULL 1 ASSET-LIGHT TRANSFORMATION 3

We are now an asset-light homebuilder Land is now administered through

third parties… …and we are now a manufacturing homebuilder • Capital intensive, long duration assets held by third parties • Short-cycle, high-velocity with just-in-time delivery • Risk of impairment reduced for

homebuilder • Optionality, with downside protection • Use both developer agreements and land banks • Enables capital efficient growth • Becoming a commodity for homebuilding • Strong free cash flow used for shareholder

returns Owned Homesites Controlled Homesites Inventory turn 2.5 506K 497K 479K 2.0 410K 410K 402K 1.5 285K 277K 243K 82% 64% 69% 76% 98% 98% 37% 1.0 43% 28% 0.5 72% 63% 57% 36% 31% 24% 18% 0.0 2018 2019 2020 2021 2022 2023 2024 2025 Q1 2026 2018

2019 2020 2021 2022 2023 2024 2025 Q1 2026 174K → 11K $16.6B → $10.5B 69K → 486K Inventory owned Controlled homesites (28% → 98%) Owned homesites (72% → 2%) (2018 - 2026) (2018 - 2026) (2018 – 2026) We completed a

fundamental transformation of the business model, not an incremental improvement. Note: Q4 2018 - Q1 2026 4 4

WE TRANSFORMED OUR 2 BALANCE SHEET 5 5

We built a better balance sheet… … without a similar

percentage increase in owned inventory + deposits Since 2018, we have grown deliveries ~80%... Owned inventory + Deposits and ACORE ($B) Finished homes and CIP Deliveries (K) Land and land under dev. + finished homesites Deposits & ACORE +81%

$35.8B 83 80 1 73 $18.5B of controlled 1 66 $18.5B homesites to be 60 Less in owned inventory purchased when 53 51 46 developed $16.9B $17.3B $9.1B $17.3B $1.4B Asset-light balance sheet $6.8B Post-Transformation 2018 2019 2020 2021 2022 2023 2024

2025 As of Q1 2026 If we had not migrated to an asset-light configuration, inventory on our balance sheet would be ~2x greater. 1. Estimated total capital outlay by land banks as of 2/28/26 6 6

…with a lower cost of capital… Sources of capital Capital

needed for operations Lower cost of capital solution $35.8B Weighted average Inventory + Land Pipeline ~13% ~11% cost of capital 25% 52% 5% cost of debt 52% 2 $18.5B Finished homes, Inventory controlled Inventory controlled construction in 10% cost

of capital progress, finished assumed homesites, deposits 75% and ACORE, and $35.8B total land pipeline 15% cost of equity 8% assumed 48% 5% cost of debt $17.3B On balance sheet 40% (Inventory owned + 15% cost of equity Deposits and ACORE) assumed 1

Homebuilding Assets Needed Pre-Transformation Post-Transformation (Land on balance sheet) (Asset-light) For Current + Future Growth Opportunity Ahead: Continue to optimize our cost of capital through share repurchases and lower land banking costs. 7

7 Note: as of Q1 2026 1. ~16% homebuilding debt to capital; 2. Estimated total capital outlay by land banks as of 2/28/26

…that provides greater resiliency Our asset-light strategy reduces

balance sheet risk GFC impairments ~5x higher 89% • Optioning land is a superior risk management strategy compared to owning land outright, as the maximum potential loss in a worst-case scenario is lower and predefined. • Under a stress

test scenario in which Lennar walks away from 50% of all options, the balance sheet impact would be meaningfully lower than what occurred during 17% the Global Financial Crisis (GFC), a time when we owned a significant amount of longer-dated land.

Cumulative impairments ’06-’09 Q1 2026 write-off of 50% of deposits, as a % of Q4 2005 equity option maintenance fees, and termination fees as a % of Q4 2025 equity Opportunity Ahead: As option fee rates compress and walk-away rights are

standardized across partners, the downside scenarios are further limited. 8 8

…and freed up cash • Stock repurchased $16.5B $9.6B Cash

freed-up Assets (Land on • Retired senior notes $6.9B balance sheet) Assets (Asset-light) Pre-Transformation Post-Transformation Since the start of 2018, we have repurchased $9.6B of stock and retired $6.9B of senior notes. 9 9 Note: Figures

are from 2018 to Q1 2026

WE ARE FOCUSED ON RETURNS ON CAPITAL 3 AND EQUITY 10 10

Example community: asset-light model vs. on balance sheet 1 Comparing

asset-light model vs. on balance sheet for a $19.1M purchase of 178 homesites in Florida C A P I T A L D E P L O Y E D R E T U R N C O M P O N E N T S On balance sheet Asset-light model On balance sheet Land 35 Peak capital PRETAX MARGIN ASSET TURN

RETURN ON EQUITY purchase $31.8M $19.1M 30 × = 15.0% 0.96× 14.4% $21.1M 25 freed 20 Asset-light model 15 Peak capital $10.7M PRETAX MARGIN ASSET TURN RETURN ON EQUITY Initial deposit 10 $5.3M × = 12.3% 1.72× 21.0% 5 0 Jun 2026

Jan 2027 Jul 2027 Jan 2028 Jul 2028 Jan 2029 Jul 2029 Jan 2030 Jul 2030 The asset-light model will free $21.1M in peak capital …nearly doubling asset turn and improving during the development of this community… return on equity

Opportunity Ahead: Same business, different capital structure. The $21.1M freed funds additional option deposits thus providing a larger land pipeline. 11 11 1. Illustrative individual deal not indicative of performance in all scenarios Source:

Lennar Vestacalc Models

WE ARE FOCUSED ON VOLUME AND ARE POSITIONED 4 TO CONTINUE GROWTH 12

Total housing starts (000’s) The US housing market is

structurally undersupplied With housing starts below 1.5M and a 5M home shortage, demand for homes should persist for the long run… … and we are positioned to continue growth Housing starts vs demand Total starts Deliveries (K) 2,500 83

80 2,073 73 2,000 66 1,603 60 Annual housing demand is 1.5M homes. 53 1,356 51 1,500 46 1,000 554 500 0 2005 2009 2021 2025 2018 2019 2020 2021 2022 2023 2024 2025 1 2 10+ yrs ~1.5M ~5M Homes needed annually Cumulative home shortage Needed to close

the supply gap Opportunity Ahead: Undersupplied market provides an operating environment that will allow us to grow for years to come. 1. Source: NAHB (National Association of Home Builders); 2. Source: NAR (National Association of Realtors) 13

Greater volume drives improved cost efficiencies Growing volume drives

cost reductions Key benefits from scale Producer Price index, construction materials (indexed) Lower direct construction costs Lennar construction costs (indexed) 160 153 Greater visibility into land 145 143 opportunities 141 139 140 Gap between PPI

and our 129 126 126 Geographic diversity reduces construction costs widened 118 120 112 localized market risk 107 106 Covid driven supply 103 101 100 100 chain constraints 100 Scale enables more “everything’s 100 99 included” value

for our customers 0 2018 2019 2020 2021 2022 2023 2024 2025 2026E Opportunity Ahead: Volume-focused strategy enables us to reduce costs and support affordability. Source: Producer Price Index from FRED St Louis, Lennar internal data 14 14

As we scale, our core values remain our north star Our core values

since 1954 QUALITY VALUE INTEGRITY Building quality homes with Delivering more value at a Always with the highest more included features lower cost to our customers level of integrity Opportunity Ahead: Continue to drive costs down and deliver more

value at a better price for our customers. 15

WE ARE DRIVING 5 EVEN-FLOW PRODUCTION 16 16

Even-flow production mitigates inefficiencies and reduces costs

Market-flow Even-flow Most builders build to order and adjust volume to market We build with even-flow, providing visibility for our trade conditions, reducing predictability and increasing costs partners, which allows them to be more efficient;

this for trade partners lowers our costs and improves our cycle times Opportunity Ahead: Continue to align production with supply chain and drive affordability through efficiency. 17 17

Improving manufacturing efficiency through scale and volume Even-flow

production = builder of choice Homesite 1 purchased Predictable volume gives trade partners confidence to invest in their crews and equipment for Lennar. Preferred builder status translates directly to priority scheduling, better pricing, and higher

quality work. Core product drives efficiency 2 Core “everything’s included” product for every customer segment drives value engineering and efficiency. Homesite portion Homebuilding Home of revenue constructed cycle redeployed into

Size and scale drive costs down land deposits 3 National purchasing power, reduced direct construction cost, lower customer acquisition cost, and overhead leverage. Reduced cycle time and faster inventory turns Home 4 YoY cycle time reduced from 137

to 122 days and inventory turns improved delivered 1 from 1.7 to 2.5 . Faster turns mean less capital tied up on the balance sheet. Opportunity Ahead: Continue to grow volume to drive affordability. 18 18 1. Q1 2025 - Q1 2026

WE ARE TRANSFORMING OUR BUSINESS WITH TECHNOLOGY 6 TO ENABLE

EFFICIENCIES 19 19

Modern technology = Cost efficient Smarter Faster Land Product

Purchasing Digitally augmented bidding Land platform Plan & spec An end-to-end digital platform with and negotiation recommendation engine automated deal evaluation, live An automated bidding tool that delivers An automated system that matches

market comps, and real-time capital instant price and spec comparison, and customer segments to plans and partner connectivity greatly enhances negotiations specifications in our national plan library Financial Customer Marketing Construction

reporting experience and sales Reporting – in real-time Unified digital experience Site level AI intelligence Evolved sales machine Modern, standardized, and tech A single app guiding customers from AI powered Applications on-site to Marketing

plans automatically generated powered finance systems enable discovery through ownership, with AI- improve the communications with our based on land attributes and customer real-time daily closings, predictive powered assistance, real-time trade

partners and identify common segmentation data. Sales conversations forecasting, and scenario planning construction updates, and automated issues causing delays and reworks supported by AI in real-time and digital sales warranty management tools

powering a scalable conversion engine Opportunity Ahead: Evolve our technology at speed to further reduce our cost structure and increase value to the customer. 20 20

OUR CONTROLLED LAND + MANUFACTURING MODEL 7 IS OUR MOAT 21

Our moat protects against technology disruption No overseas factory No

algorithm builds No app replaces homes ships homes homes Software can draft a plan, but framing, You can browse listings on a screen, Homes are built where families live. foundations, and finish work still but the home itself is a physical asset;

Local land, local trades, and local require boots on the ground. built, inspected, and lived in. supply chains keep production close to demand. AI will not build America's homes. Homebuilders will. 22 22

OUR SHARE PRICE DOES NOT REFLECT THE IMPACT 8 OF OUR TRANSFORMATION 23

Our fundamental transformation is underappreciated NEW LENNAR 1 Avg.

Forward P/E (Share Price / NTM Consensus EPS) Our forward P/E ratio vs. NVR and the S&P 500 points to an opportunity PRE- POST - for our shares to rerate. TRANSFORMATION TRANSFORMATION 21.4x 25 21.9 21.9 Average P/E 21.4 21.2 21.2 S&P 500

18.6 20 18.0 18.0 19.0x 16.8x 17.2 17.2 16.9 16.9 Broad market, LEN priced well below 16.7 16.6 16.4 16.4 16.1 16.0 14.5 14.3 14.2 14.2 13.8 15 15.1x 15.6 11.9 14.2 11.7 NVR 11.0 10.7 10.7 10.0 9.6 8.9 9.0 10.2x 10 Best asset-light competitor 8.0

5.7 5 LEN Persistent discount to market and peers 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 S&P500 NVR Lennar Our company has fundamentally transformed, but our P/E has not. 24 1. Source: FactSet, annual values are averages

of the daily values. Data range is 01/01/2015 to 05/31/2026 Note: many factors impact stock price and multiples

CONCLUDING THOUGHTS 9 25 25

Now is a good time to invest in Lennar Asset-light Growth Technology We

completed a full asset-light We have been and will continue to We are embedding technology to transition and transformed into a grow at above-average rates. transform our cost structure and manufacturing homebuilder. drive efficiencies. Shareholder

value We believe our share price does not reflect our transformation 26

Forward-Looking Statements This presentation includes

“forward-looking statements,” as defined in the Private Securities Litigation Reform Act of 1995. These forward- looking statements include statements regarding our business, financial condition, results of operations, cash flows,

strategies and The three pillars of our transformation prospects. You can identify forward-looking statements by the fact that these statements do not relate strictly to historical or current matters. Rather, forward-looking statements relate to

anticipated or expected events, activities, trends or results. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties. Many factors could cause our actual

activities or results to differ materially from the activities and results anticipated in forward-looking statements. These factors include those described in our Securities and Exchange Commission filings, including those under the caption

“Risk Factors” in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. We do not undertake any obligation to update forward-looking statements, whether as a

result of new information, future events, or otherwise. This presentation includes macro-economic and market share information that was obtained from independent sources. While we believe those sources are reliable and we have no reason to think

that the information we have included is not accurate, we were not involved in developing the information that was obtained from independent sources, and do not have the ability to confirm its accuracy. Therefore, we cannot be responsible for the

accuracy of information we obtained from independent sources. 27

GRAPHIC

Filename: g31288ex99_1p10g1.jpg · Sequence: 7

Binary file (123186 bytes)

Download g31288ex99_1p10g1.jpg

GRAPHIC

Filename: g31288ex99_1p11g1.jpg · Sequence: 8

Binary file (346028 bytes)

Download g31288ex99_1p11g1.jpg

GRAPHIC

Filename: g31288ex99_1p12g1.jpg · Sequence: 9

Binary file (142312 bytes)

Download g31288ex99_1p12g1.jpg

GRAPHIC

Filename: g31288ex99_1p13g1.jpg · Sequence: 10

Binary file (277523 bytes)

Download g31288ex99_1p13g1.jpg

GRAPHIC

Filename: g31288ex99_1p14g1.jpg · Sequence: 11

Binary file (253445 bytes)

Download g31288ex99_1p14g1.jpg

GRAPHIC

Filename: g31288ex99_1p15g1.jpg · Sequence: 12

Binary file (255367 bytes)

Download g31288ex99_1p15g1.jpg

GRAPHIC

Filename: g31288ex99_1p16g1.jpg · Sequence: 13

Binary file (105154 bytes)

Download g31288ex99_1p16g1.jpg

GRAPHIC

Filename: g31288ex99_1p17g1.jpg · Sequence: 14

Binary file (291868 bytes)

Download g31288ex99_1p17g1.jpg

GRAPHIC

Filename: g31288ex99_1p18g1.jpg · Sequence: 15

Binary file (335408 bytes)

Download g31288ex99_1p18g1.jpg

GRAPHIC

Filename: g31288ex99_1p19g1.jpg · Sequence: 16

Binary file (153493 bytes)

Download g31288ex99_1p19g1.jpg

GRAPHIC

Filename: g31288ex99_1p1g1.jpg · Sequence: 17

Binary file (89621 bytes)

Download g31288ex99_1p1g1.jpg

GRAPHIC

Filename: g31288ex99_1p20g1.jpg · Sequence: 18

Binary file (385903 bytes)

Download g31288ex99_1p20g1.jpg

GRAPHIC

Filename: g31288ex99_1p21g1.jpg · Sequence: 19

Binary file (129306 bytes)

Download g31288ex99_1p21g1.jpg

GRAPHIC

Filename: g31288ex99_1p22g1.jpg · Sequence: 20

Binary file (245608 bytes)

Download g31288ex99_1p22g1.jpg

GRAPHIC

Filename: g31288ex99_1p23g1.jpg · Sequence: 21

Binary file (142913 bytes)

Download g31288ex99_1p23g1.jpg

GRAPHIC

Filename: g31288ex99_1p24g1.jpg · Sequence: 22

Binary file (303174 bytes)

Download g31288ex99_1p24g1.jpg

GRAPHIC

Filename: g31288ex99_1p25g1.jpg · Sequence: 23

Binary file (93512 bytes)

Download g31288ex99_1p25g1.jpg

GRAPHIC

Filename: g31288ex99_1p26g1.jpg · Sequence: 24

Binary file (257588 bytes)

Download g31288ex99_1p26g1.jpg

GRAPHIC

Filename: g31288ex99_1p27g1.jpg · Sequence: 25

Binary file (377968 bytes)

Download g31288ex99_1p27g1.jpg

GRAPHIC

Filename: g31288ex99_1p2g1.jpg · Sequence: 26

Binary file (218057 bytes)

Download g31288ex99_1p2g1.jpg

GRAPHIC

Filename: g31288ex99_1p3g1.jpg · Sequence: 27

Binary file (113455 bytes)

Download g31288ex99_1p3g1.jpg

GRAPHIC

Filename: g31288ex99_1p4g1.jpg · Sequence: 28

Binary file (327785 bytes)

Download g31288ex99_1p4g1.jpg

GRAPHIC

Filename: g31288ex99_1p5g1.jpg · Sequence: 29

Binary file (104882 bytes)

Download g31288ex99_1p5g1.jpg

GRAPHIC

Filename: g31288ex99_1p6g1.jpg · Sequence: 30

Binary file (254744 bytes)

Download g31288ex99_1p6g1.jpg

GRAPHIC

Filename: g31288ex99_1p7g1.jpg · Sequence: 31

Binary file (256864 bytes)

Download g31288ex99_1p7g1.jpg

GRAPHIC

Filename: g31288ex99_1p8g1.jpg · Sequence: 32

Binary file (251004 bytes)

Download g31288ex99_1p8g1.jpg

GRAPHIC

Filename: g31288ex99_1p9g1.jpg · Sequence: 33

Binary file (160785 bytes)

Download g31288ex99_1p9g1.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 35

v3.26.1

Document and Entity Information

Jun. 12, 2026

Document And Entity Information [Line Items]

Entity Registrant Name

LENNAR CORP /NEW/

Amendment Flag

false

Entity Central Index Key

0000920760

Document Type

8-K

Document Period End Date

Jun. 12, 2026

Entity Incorporation State Country Code

Entity File Number

1-11749

Entity Tax Identification Number

95-4337490

Entity Address, Address Line One

5505 Waterford District Drive

Entity Address, City or Town

Miami

Entity Address, State or Province

Entity Address, Postal Zip Code

33126

City Area Code

(305)

Local Phone Number

559-4000

Written Communications

false

Soliciting Material

false

Pre Commencement Tender Offer

false

Pre Commencement Issuer Tender Offer

false

Entity Emerging Growth Company

false

Common Class A [Member]

Document And Entity Information [Line Items]

Security 12b Title

Class A Common Stock, par value $.10

Trading Symbol

LEN

Security Exchange Name

NYSE

Common Class B [Member]

Document And Entity Information [Line Items]

Security 12b Title

Class B Common Stock, par value $.10

Trading Symbol

LEN.B

Security Exchange Name

NYSE

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- References

No definition available.

+ Details

Name:

len_DocumentAndEntityInformationLineItems

Namespace Prefix:

len_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Details

Name:

us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassAMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassBMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type: