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Lennar Corporation is a leading U.S. homebuilder involved in residential construction, mortgage lending, and multifamily property development.
Lennar Corporation is one of the largest homebuilders in the United States, focusing primarily on residential construction, as well as providing related services such as mortgage financing, title insurance, and multifamily development. The company's core operations generated approximately $33 billion in revenues in fiscal year 2023, representing 95% of its consolidated revenues. Lennar operates through various segments, including homebuilding, financial services, multifamily development, and strategic investments in technology, aiming to enhance the efficiency of its operations and improve the home-buying experience for customers.
The company's homebuilding model includes the construction and sale of single-family attached and detached homes, targeting various buyer segments from first-time homebuyers to luxury buyers. Lennar emphasizes efficient building practices and innovation, employing strategies such as a land-light operating model to reduce ownership burdens while still effectively managing inventory. The company is also pursuing growth in multifamily rental properties and has established significant partnerships and joint ventures to expand its market presence and investment capabilities.
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