Non-Current Assets
House and land inventory
Lennar House and land inventory decreased by 41.7% to $11.84B in Q3 2025 compared to the prior quarter. Over 2 years (FY 2020 to FY 2025), House and land inventory shows a downward trend with a -17.0% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryGrowth
SignalContext dependent
VolatilityStable
First reportedQ4 2013
Last reportedQ1 2026
How to read this metric
An increase suggests a robust land-banking strategy for future growth, whereas a decrease may signal a shift toward capital efficiency or a slowdown in development.
Detailed definition
The total value of land under development, finished homes, and construction materials that are not expected to be sold w...
Peer comparison
A core metric for homebuilders; reflects the scale and geographic footprint of the company's land holdings.
Metric ID:
non_current_assets_inventory_operative_buildersHistorical Data
4 periods
| Q1 '21 | Q2 '21 | Q3 '24 | Q3 '25 | |
|---|---|---|---|---|
| Value | $18.74B | $19.46B | $20.31B | $11.84B |
| QoQ Change | — | +3.9% | +4.4% | -41.7% |
| YoY Change | — | — | — | -41.7% |
Range$11.84B – $20.31B
Avg YoY Growth-41.7%
Median YoY Growth-41.7%
Business Segments
| Segment | Q3 '21 | Q2 '22 | Q3 '22 | Q2 '23 | Q3 '23 | Q4 '24 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Multifamily | $351.75M | $400.42M | $429.92M | $479.81M | $529.47M | $592.88M | $223.62M | $212.88M |
| Lennar Financial Services | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Lennar Other | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total | $19.46B | — | — | — | — | $20.31B | $11.84B | — |
House and land inventory at Other Companies
Frequently Asked Questions
- What is Lennar's house and land inventory?
- Lennar (LEN) reported house and land inventory of $11.84B in Q3 2025.
- What is the long-term trend for Lennar's house and land inventory?
- Over 2 years (2020 to 2025), Lennar's house and land inventory has grown at a -17.0% compound annual growth rate (CAGR), from $17.18B to $11.84B.
- What does house and land inventory mean?
- The value of land and homes that are part of a long-term development pipeline.