Lennar (NYSE:LEN) is one of the largest homebuilders in the United States, specializing in the design, construction and sale of single-family attached and detached homes, townhomes and condominiums. The company operates a vertically integrated business model that spans land acquisition, development, construction and sales, allowing it to manage costs and deliver homes with a consistent selection of features through its “Everything’s Included” program. Lennar also offers a range of financial services—including mortgage financing, title insurance and closing services—through its in-house subsidiaries.
In addition to its core single-family homebuilding operations, Lennar maintains a multifamily division that develops and manages rental communities under the LMC Realty banner. The company has expanded into the build-for-rent sector, targeting renters seeking high-quality, professionally managed housing options. By bridging home construction and rental management, Lennar aims to capture demand from a broad spectrum of buyers and renters in varied price points and life stages.
Headquartered in Miami, Florida, Lennar serves more than 20 U.S. markets, including key regions in the Southeast, Southwest, West Coast and Mid-Atlantic. Its regional operating groups tailor home designs and community features to local demographics, climate and regulatory environments. Through this geographic diversification, the company seeks to mitigate exposure to regional economic cycles and capitalize on housing demand across fast-growing metropolitan areas.
Founded in 1954 in Miami as Mastercraft Homes, the company adopted the name Lennar in the early 1970s and has grown through organic expansion and strategic acquisitions. Over the decades, Lennar has been led by experienced real estate executives, with Rick Beckwitt serving as Chief Executive Officer and Stuart Miller as Executive Chairman. Under their leadership, the company continues to focus on innovation in design, customer experience and integrated services to maintain its position in the competitive U.S. homebuilding industry.
