Stuart Miller and Jon Jaffe

Lennar maintained its presence as one of the nation’s top homebuilders over the past year despite facing market headwinds from elevated mortgage rates, higher material costs and scarce construction labor. 

The firm — led by co-CEOs Stuart Miller and Jon Jaffe — delivered 21,584 homes and generated a pipeline of 23,004 new orders in 2025’s third quarter, up 12 percent from the year-ago period, by offering incentives to buyers in a reflection of pressures confronting the U.S. housing market. Lennar executed a monthly pace of 4.4 housing starts and a monthly sales pace of 4.4 homes, per community, with targeted incentives such as mortgage rate buydowns.

Miami-based Lennar, which was founded in 1954, expanded its presence in key markets, too. In New Jersey, it opened four residential communities: Preston Pointe in Robbinsville, Reserve at Turgyan Farm in Bordentown, West End in Hammonton, and Carnegie Crossing in South Brunswick. It also debuted a new home collection at a master-
planned community called Tillage Farms in Princeton, Texas, with prices starting in the mid-$100,000s in an effort to target first-time homebuyers in a fast-growing area of Collins County in the Dallas-Fort Worth region.

Lennar began 2025 by completing a taxable spinoff of site sales platform Millrose Properties in a transaction aimed at advancing the company’s long-sought goal of transforming into a “pure play” home manufacturer by reducing land holdings. 

And, in February this year, it completed an acquisition of Rausch Coleman Homes, a Fayetteville, Ark.-based homebuilder, which extended its footprint into new markets in Arkansas, Oklahoma, Alabama, Kansas and Missouri.