Company: LEN
Filing Date: 2025-07-01
Form Type: 10-Q
Source: 0001628280-25-033777
Chunk: 60

Company: LENNAR CORP /NEW/
Filing Date: 2025-07-01
Form: 10-Q
Item: Item 1
Chunk 60
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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.

37

New Orders (2):

Three Months Ended May 31,20252024202520242025202420252024Active CommunitiesHomesDollar Value (In thousands)Average Sales PriceEast326 287 5,502 4,758 $1,937,371 1,958,763 $352,000 412,000 Central457 354 5,368 5,574 2,028,662 2,218,888 378,000 398,000 South Central391 239 6,626 5,213 1,