Business Segments · Finished homes and construction in progress
Homebuilding — Finished homes and construction in progress
Lennar Homebuilding — Finished homes and construction in progress increased by 8.2% to $9.55B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 5.0%, from $9.09B to $9.55B. Over 4 years (FY 2021 to FY 2025), Homebuilding — Finished homes and construction in progress shows relatively stable performance with a -1.9% CAGR.
Analysis
StatementSegment
CategoryEfficiency
SignalContext dependent
VolatilityVolatile
First reportedQ4 2015
Last reportedQ1 2026
How to read this metric
High levels relative to sales volume may indicate an oversupply or slowing demand, while low levels might suggest supply constraints or rapid inventory turnover.
Detailed definition
The aggregate carrying value of homes that are either currently under construction or completed but not yet sold. This r...
Peer comparison
A core inventory metric for all residential homebuilders to track production velocity.
Metric ID:
len_segment_homebuilding_finished_homes_and_construction_in_progressHistorical Data
20 periods
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $10.42B | $10.89B | $10.45B | $11.59B | $12.81B | $13.04B | $11.72B | $11.95B | $12.19B | $12.37B | $10.46B | $11.09B | $11.73B | $11.37B | $10.88B | $9.09B | $10.10B | $10.05B | $8.82B | $9.55B |
| QoQ Change | — | +4.5% | -4.1% | +10.9% | +10.6% | +1.8% | -10.2% | +1.9% | +2.1% | +1.5% | -15.5% | +6.1% | +5.7% | -3.0% | -4.3% | -16.5% | +11.1% | -0.5% | -12.2% | +8.2% |
| YoY Change | — | — | — | — | +23.0% | +19.8% | +12.2% | +3.1% | -4.9% | -5.2% | -10.8% | -7.1% | -3.8% | -8.0% | +4.1% | -18.0% | -13.9% | -11.6% | -18.9% | +5.0% |
Range$8.82B – $13.04B
CAGR-1.8%
Avg YoY Growth-2.2%
Median YoY Growth-5.0%
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Frequently Asked Questions
- What is Lennar's homebuilding — finished homes and construction in progress?
- Lennar (LEN) reported homebuilding — finished homes and construction in progress of $9.55B in Q4 2025.
- How has Lennar's homebuilding — finished homes and construction in progress changed year-over-year?
- Lennar's homebuilding — finished homes and construction in progress increased by 5.0% year-over-year, from $9.09B to $9.55B.
- What is the long-term trend for Lennar's homebuilding — finished homes and construction in progress?
- Over 4 years (2021 to 2025), Lennar's homebuilding — finished homes and construction in progress has grown at a -1.9% compound annual growth rate (CAGR), from $41.08B to $38.07B.
- What does homebuilding — finished homes and construction in progress mean?
- The value of homes currently being built or completed but not yet sold.