Lennar (NYSE:LEN.B) is one of the leading homebuilders and residential real estate developers in the United States. Since its founding in 1954 by Leonard Miller and Arnold Tanielian, Lennar has expanded through both organic growth and strategic acquisitions, positioning itself among the largest home construction firms in the country. The company’s core business encompasses land acquisition, development, and homebuilding, with an integrated model that extends to mortgage financing, title insurance, and closing services.
The company’s product portfolio includes single-family detached homes, attached townhomes, condominiums and active-adult communities. Lennar delivers residences across a broad price spectrum, targeting first-time, move-up and luxury buyers. In addition to traditional for‐sale communities, Lennar has diversified into build‐for‐rent projects through its LENNWorks platform, catering to renters who seek professionally managed, amenity‐rich neighborhoods. Through its subsidiary Eagle Home Mortgage, Lennar provides in-house financing solutions, while Westside Title and Insurance services complete the end-to‐end homeownership experience.
Lennar maintains a geographically diversified land bank and operates in more than 20 U.S. states and 70 major metropolitan markets. Key regions include California, Texas, Florida, Arizona, Colorado, Illinois, North Carolina and Georgia. The company has also pursued urban infill developments in high‐demand corridors such as the Northeast, Pacific Northwest and select Sun Belt cities. This geographic breadth allows Lennar to adapt its community designs and product offerings to local market preferences and regulatory environments.
Leadership at Lennar combines long‐tenured industry expertise with a focus on operational efficiency and customer-centricity. Stuart A. Miller, son of co-founder Leonard Miller, serves as Executive Chairman, while Rick J. Beckwitt holds the position of Chief Executive Officer. Under their guidance, Lennar has executed transformative acquisitions, including WCI Communities, and strengthened its digital capabilities for home design and customer engagement. The company emphasizes sustainability, innovation and quality control in its construction processes, aiming to deliver value and consistent customer satisfaction across its diverse business segments.
