Headquartered in Miami, FL Fiscal year ends November NYSE: LEN-B lennar.com
Lennar Corporation is one of the largest homebuilders in the United States, building homes for buyers at every stage of life including first-time, move-up, and active adult segments. Since its founding in 1954, the company has built more than 1.5 million homes across the country. Lennar operates through four segments: Homebuilding (its core business across East, Central, South Central, and West regions), Financial Services (providing mortgage financing, title, and closing services primarily for Lennar homebuyers), Multifamily (developing and managing rental apartment communities), and Lennar Other (which includes its LENx technology and innovation platform and strategic technology investments). The company pursues a land-light strategy, owning fewer than 2.5% of its approximately 488,000 controlled homesites on its balance sheet, and focuses on an even-flow production model to drive construction cost efficiencies and reduced cycle times. Lennar trades on the NYSE under the tickers LEN (Class A) and LEN.B (Class B). Updated
Berkshire Hathaway kept buying Lennar through a slump in homebuilder sentiment, scooping up roughly $193 million of stock and lifting its Class A stake above 28.4 million shares. Buffett's team is treating elevated mortgage rates as an entry point.
Berkshire keeps buying Lennar while builder sentiment stays sour, adding roughly $54.7 million across Class A and B shares. That is a bet that housing weakness is already in the price.
Berkshire just added roughly $163 million of Lennar across Class A and Class B shares in a single stretch of buying, lifting its Class A stake past 25.3 million shares. Buffett's team is leaning into homebuilders at around $81 a share while elevated mortgage rates keep the rest of the market cautious.
Buffett crossing the 10% threshold at Lennar is the loudest vote of confidence in housing since mortgage rates froze builder sentiment, and it comes with a $16.4 billion market cap that leaves room for him to keep buying. Every Form 4 from here is now public, so investors get a live read on whether he is adding into the slowdown.
A Schwab fixed-income strategist and a Wharton finance professor are both saying the same unsettling thing about next week's Fed meeting, and Friday's CPI report could make their case impossible to ignore.
Lennar Corporation is one of the largest homebuilders in the United States, building homes for buyers at every stage of life including first-time, move-up, and active adult segments. Since its founding in 1954, the company has built more than 1.5 million homes across the country.
