LEN · News · 20261006N

Revenue Performance and Mix

LENNAR CORP /NEW/ · 2026-10-06 · Importance 48 · Surprise 40

For the nine months ended August 2026, Lennar's home-sale revenue declined 7% year over year to $21.6 billion. Deliveries fell 2% to 58,222 homes, while average selling price declined 5% to $372,000. Gross margin contracted to 15.5% from 18%, and SG&A increased to 9.4% of revenue from 8.5%.

Key facts

• According to a Hunterbrook report, Lennar sold 700 homes to its REIT spin-off, Millrose Properties. source