—

Lennar is America's second-largest homebuilder — it buys options on land, has subcontractors frame and finish hundreds of communities, then sells ~83,000 houses a year and quietly writes most of the buyers' mortgages and title policies through its own Financial Services arm. After spinning off its land bank into Millrose Properties in 2025, it now runs an asset-light 'land-light' model, controlling almost all its homesites through options rather than owning the dirt.

What Lennar really sells

Lennar is America's second-largest homebuilder — it buys options on land, has subcontractors frame and finish hundreds of communities, then sells ~83,000 houses a year and quietly writes most of the buyers' mortgages and title policies through its own Financial Services arm. After spinning off its land bank into Millrose Properties in 2025, it now runs an asset-light 'land-light' model, controlling almost all its homesites through options rather than owning the dirt.

Tip · Click any company in the map to learn — in one sentence — what it actually does and why it matters.

Why this rating?