Lennar Corporation

What does Lennar own?

Lennar owns its homebuilding operations, Lennar Mortgage and title services, the Quarterra multifamily business, the WCI Communities luxury brand, and Rausch Coleman Homes. It spun off its land holdings into the independent REIT Millrose Properties in February 2025.

Is Lennar publicly traded?

Yes. Lennar trades on the New York Stock Exchange under tickers LEN and LEN.B, with the B shares carrying ten votes each. It has been public since the early 1970s.

Who founded Lennar?

The business began as F&R Builders, founded by Gene Fischer and Arnold Rosen in 1954. Leonard Miller acquired it in 1956 and renamed it Lennar in 1971 after his sons Leonard and Arnold.

Where is Lennar headquartered?

Lennar is headquartered in Miami, Florida, USA, where it was founded more than 70 years ago.

How many brands does Lennar own?

Lennar markets homes under the Lennar master brand and operates Lennar Mortgage, Quarterra, WCI Communities, and Rausch Coleman Homes.

Who owns Lennar?

Lennar is publicly traded with dual share classes. Institutional investors hold most of the economic ownership, while the Miller family and insiders hold outsized voting power through the B shares.

How large is Lennar?

For fiscal 2025 ended November 30, 2025, Lennar reported $34.2 billion in revenue, $2.1 billion in net earnings, 82,583 home deliveries, and approximately 13,000 employees.

The company began as F&R Builders, a Miami homebuilder founded in 1954 by Gene Fischer and Arnold Rosen. Leonard Miller bought into the business in 1956, took control, and renamed it Lennar in 1971, a contraction of his sons' names, Leonard and Arnold. The company went public and listed on the New York Stock Exchange in the early 1970s.

Lennar grew through the 1970s and 1980s out of Florida into a regional Southeast builder, then expanded nationally through the 1990s and 2000s with a string of acquisitions: Pacific Greystone on the West Coast in 1992, U.S. Home in 2000, and a series of regional builders that pushed it into the national top tier. The 2018 acquisition of CalAtlantic Group for approximately $9.3 billion made Lennar the largest homebuilder in the country by deliveries at the time, consolidating brands including Standard Pacific and Ryland.

Stuart Miller, Leonard's son, has been the company's strategic leader since 1997 and serves as Executive Chairman and co-CEO alongside Jon Jaffe, who shares the co-CEO title and serves as President.

Two moves define the modern shape of the company. In February 2025 Lennar completed the spin-off of Millrose Properties as a separately traded REIT and acquired the homebuilding operations of Rausch Coleman Homes, a lower-priced Southeast and Texas builder. The Millrose deal externalized land ownership: Lennar now builds on homesites it leases rather than holds, sharply reducing its balance sheet exposure to land prices. Fiscal 2025 closed with $34.2 billion in revenue, $2.1 billion in net earnings, deliveries up 3% to 82,583 homes, and community count up 18% to 1,708, positioning the company for roughly 85,000 deliveries in fiscal 2026.

Lennar publishes a sustainability report covering energy-efficient construction features standard in its homes, including solar-ready designs and water-saving fixtures, and reports on workforce safety across its construction operations. The homes carry no blanket third-party certification, though many meet Energy Star or regional green-building standards depending on market requirements. Its disclosures are self-reported.

Lennar's most cited legal history is the Chinese drywall litigation of the late 2000s, when defective imported drywall installed in homes built between 2005 and 2008 caused corrosion and health complaints. Lennar was among the builders that identified the problem, replaced drywall in affected homes, and participated in the multidistrict settlements resolved in the early 2010s.

The company was also a prominent target of a 2008 to 2011 short-seller campaign by Barry Minkow's Fraud Discovery Institute, which alleged accounting problems. The allegations were not substantiated; Minkow was later convicted of market manipulation for spreading false claims about Lennar, an episode that became a case study in activist short-selling abuse.

Like all large homebuilders, Lennar faces routine warranty claims and community-level disputes over development approvals. No material enforcement action is on record against the company as of September 2026.