Lennar Corporation

Lennar Corporation is one of the largest homebuilders in the United States, founded in 1954 and headquartered in Miami. The company builds single-family homes, townhomes and build-to-rent communities across most major U.S. markets, and operates mortgage, title and closing businesses alongside the homebuilding operation. Its everything-included model standardizes options rather than selling them individually, which changes how its trade base bids and schedules work. Lennar is building the 194 for-sale townhomes at Midtown64 in Henrico County, Virginia, taking the for-sale residential risk within a roughly $500 million mixed-use redevelopment led by Greenberg Gibbons on the former Genworth Financial headquarters campus.

The company did not start out as Lennar. It began in 1954 as F&R Builders, founded in Miami by Gene Fisher and Arnold Rosen, with Leonard Miller buying in as co-owner two years later. The Lennar name was coined in 1971 by blending Leonard and Arnold, the same year the company went public; the NYSE listing followed in 1972. The 2018 CalAtlantic merger, which brought in a builder then active in 43 metro areas across 19 states, made Lennar the largest homebuilder in the country.

Two moves in February 2025 reshaped the balance sheet. Lennar spun off Millrose Properties, distributing roughly 80 percent of Millrose stock to shareholders as part of a shift toward an asset-light home manufacturing model, and acquired Rausch Coleman Homes of Fayetteville, Arkansas, adding markets in Arkansas, Oklahoma, Alabama and the Kansas-Missouri area. The corporation states it now builds in 30 states.

Next Gen, launched in 2011, is the floor plan concept that places a semi-private suite inside the main house, intended for adult children, aging parents, or a dedicated remote-work space. Everything’s Included dates to 1989 and works the other direction, making upscale features standard rather than paid upgrades.

The financial services side is larger than most buyers realize. Lennar Mortgage, Lennar Title and Lennar Insurance Agency sit in the same corporate family, and in fiscal 2025 those subsidiaries funded 84 percent of Lennar buyers who financed in markets where the services were offered. Lennar Title alone is licensed in 37 states and handled roughly 86,300 closings across 27 states that year.

Elsewhere in the group, Quarterra runs luxury rental apartment communities, Veev applies prefabrication and fully enclosed wall panels to speed up construction, and Lenx directs the company’s technology investments.