Company: LEN
Filing Date: 2025-10-03
Form Type: 10-Q
Source: 0001628280-25-044086
Chunk: 62

Company: LENNAR CORP /NEW/
Filing Date: 2025-10-03
Form: 10-Q
Item: Item 1
Chunk 62
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$367,000 416,000 

Of the total new orders listed above, 104 homes with a dollar value of $56.7 million and an average sales price of $546,000 represent homes in nine active communities from unconsolidated entities for the three months ended August 31, 2025, compared to 114 homes with a dollar value of $69.1 million and an average sales price of $606,000 in 10 active communities for the three months ended August 31, 2024.

Nine Months Ended August 31,202520242025202420252024HomesDollar Value (In thousands)Average Sales PriceEast15,141 13,782 $5,498,162 5,701,708 $363,000 414,000 Central15,562 15,396 5,869,567 6,089,912 377,000 396,000 South Central18,602 14,861 4,362,932 3,760,078 235,000 253,000 West14,634 15,979 8,701,073 9,929,956 595,000 621,000 Other21 38 13,993 17,663 666,000 465,000 Total63,960 60,056 $24,445,727 $25,499,317 $382,000 425,000 

Of the total new orders listed above, 346 homes with a dollar value of $186.4 million and an average sales price of $539,000 represent homes from unconsolidated entities for the nine months ended August 31, 2025, compared to 234 homes with a dollar value of $134.3 million and an average sales price of $574,000 for the nine months ended August 31, 2024.

(2)Homes represent the number of new sales contracts executed with homebuyers, net of cancellations, during the three and nine months ended August 31, 2025 and 2024.

We experienced cancellation rates in our Homebuilding segments and Homebuilding Other as follows:

Three Months EndedNine Months EndedAugust 31,August 31,2025202420252024East14 %16 %15 %16 %Central12 %11 %11 %10 %South Central16 %17 %