Company: LEN
Filing Date: 2025-07-01
Form Type: 10-Q
Source: 0001628280-25-033777
Chunk: 146

Company: LENNAR CORP /NEW/
Filing Date: 2025-07-01
Form: 10-Q
Item: Item 8
Chunk 146
---
,932 2,666,273 2,264,683 245,000 254,000 West9,425 9,530 5,707,665 5,785,395 606,000 607,000 Other16 25 10,720 13,160 670,000 526,000 Total37,965 36,488 $15,120,856 15,337,672 $398,000 420,000 

Of the total homes delivered listed above, 193 homes with a dollar value of $92.0 million and an average sales price of $477,000 represent homes from unconsolidated entities for the six months ended May 31, 2025, compared to 147 homes with a dollar value of $78.1 million and an average sales price of $532,000 for the six months ended May 31, 2024.

 Sales Incentives (1):

Three Months Ended May 31, Six Months Ended May 31,20252024202520242025202420252024Average Sales Incentives PerHome DeliveredSales Incentivesas a % of RevenueAverage Sales Incentives PerHome DeliveredSales Incentivesas a % of RevenueEast$75,100 47,800 16.9 %10.6 %$71,400 47,200 15.9 %10.4 %Central45,600 38,000 10.6 %8.6 %47,900 41,900 11.1 %9.6 %South Central54,400 48,500 18.2 %15.9 %56,100 51,600 18.7 %16.9 %West64,600 41,800 9.7 %6.3 %65,000 47,300 9.7 %7.2 %Other101,700 73,400 14.4 %12.2 %99,500 81,700 12.9 %13.4 %Total$59,500 44,200 13.3 %9.4 %$60,000 47,100 13.1 %10.1 %

(1) Sales incentives relate to homes delivered during the period, excluding homes delivered by unconsolidated entities