Company: LEN
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001628280-25-002404
Chunk: 148

Company: LENNAR CORP /NEW/
Filing Date: 2025-01-23
Form: 10-K
Item: Item 7
Chunk 148
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399,000 419,000 Texas18,844 16,591 4,763,692 4,692,906 253,000 283,000 West20,914 19,388 12,938,104 12,052,131 619,000 622,000 Other43 33 21,739 23,236 506,000 704,000 Total80,210 73,087 $33,964,575 32,615,286 $423,000 446,000 

Of the total homes delivered listed above, 383 homes with a dollar value of $186.4 million and an average sales price of $487,000 represent home deliveries from unconsolidated entities for the year ended November 30, 2024, compared to 340 home deliveries with a dollar value of $156.2 million and an average sales price of $459,000 for the year ended November 30, 2023.

Sales Incentives (1):

Average Sales Incentives PerHome DeliveredSales Incentivesas a % of RevenuesYears Ended November 30,2024202320242023East$53,000 33,800 11.6 %7.2 %Central41,500 34,800 9.4 %7.7 %Texas52,900 56,000 17.3 %16.5 %West47,600 47,900 7.1 %7.2 %Other71,300 91,500 12.4 %11.5 %Total$48,800 42,900 10.3 %8.8 %

(1) Sales incentives relate to home deliveries during the period, excluding deliveries by unconsolidated entities.

New Orders (2):

At November 30,For the Years Ended November 30,Active CommunitiesHomesDollar Value (In thousands)Average Sales Price20242023202420232024202320242023East347 305 18,205 18,685 $7,420,362 7,931,099 $408,000 424,000 Central404 323 19,018 15,403 7,558,829 6,324,097 397,000 411,000 Texas285 246 19,019 15,789 4,804