Sector: Consumer Discretionary|Industry: Residential Construction|Market Cap: $39.58B|Employees: 12.3K
Lennar Corporation is one of the largest homebuilders in the United States, with operations including the construction and sale of single-family homes, residential land development, and financial services. The company's core business model focuses on a land-light strategy, using options and agreements to control land rather than owning, and a diversified approach to homebuilding, targeting first-time, move-up, active adult, and luxury homebuyers. Lennar operates in multiple geographic regions across the US, with a significant presence in the East, Central, Texas, and West.
The company's Board of Directors adopted an Executive Officer Recovery Policy effective December 1, 2023. This policy covers incentive-based compensation received by current or former executive officers, indicating a focus on accountability and responsible governance.