LEN · News · 20260917N

Home Closings and Orders

LENNAR CORP /NEW/ · 2026-09-17 · Importance 31 · Surprise 32

Lennar reported 20,879 new orders in Q3 2026, down 9% year over year, and a quarter-end backlog of 16,857 homes valued at $6.3 billion, down 4.5%. Deliveries declined 3% to 20,840 homes. Reporting attributed weaker demand to affordability challenges and higher mortgage rates, with buyers delaying purchase decisions.

Key facts

• Lennar’s inventory turn in Q3 2026 was 2.4 times. source
• Lennar CEO Stuart Miller said consumer confidence had declined as rates and affordability led more consumers to slow their purchase decisions. source
• Lennar’s Q3 2026 deliveries were 20,840 homes, within its guidance range of 20,500–21,500. source
• Lennar’s Q3 2026 new orders were 20,879, below its guidance range of 21,000–22,000. source
• Lennar’s Q3 2026 active communities totaled 1,713, up 3% year over year. source