Company: LEN
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001628280-25-002404
Chunk: 149

Company: LENNAR CORP /NEW/
Filing Date: 2025-01-23
Form: 10-K
Item: Item 7
Chunk 149
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,674 4,331,763 253,000 274,000 West409 384 20,668 19,199 12,874,054 11,897,996 623,000 620,000 Other2 2 41 35 20,562 23,600 502,000 674,000 Total1,447 1,260 76,951 69,111 $32,678,481 30,508,555 $425,000 441,000 

Of the total new orders listed above, 315 homes with a dollar value of $175.7 million and an average sales price of $558,000 represent new orders from unconsolidated entities for the year ended November 30, 2024, compared to 321 new orders with a dollar value of $152.9 million and an average sales price of $476,000 for the year ended November 30, 2023.

(2)New orders represent the number of new sales contracts executed with homebuyers, net of cancellations, during the years ended November 30, 2024 and 2023.

31

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

Years Ended November 30,20242023East17 %17 %Central11 %15 %Texas17 %20 %West12 %13 %Other18 %8 %Total14 %16 %

Backlog:

At November 30,HomesDollar Value (In thousands)Average Sales Price202420232024202320242023East3,460 6,580 $1,513,713 2,708,322 $437,000 412,000 Central3,097 3,163 1,316,754 1,375,617 425,000 435,000 Texas2,070 1,895 525,299 475,941 254,000 251,000 West3,005 3,251 2,016,669 2,072,342 671,000 637,000 Other1 3 349 1,528 349,000 509,000 Total11,633 14,892 $5,372,784 6,633,750 $462,000 445,000 

Of the total homes in backlog listed