Lennar Homebuilding — Inventory Owned increased by 5.6% to $10.48B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 3.2%, from $10.15B to $10.48B.
Higher ownership levels increase exposure to market price fluctuations but provide full control over development timelines.
The total carrying value of all real estate assets, including land and homes, that are legally owned by the homebuilding...
Used by analysts to compare asset-heavy versus asset-light land strategies among homebuilders.
len_segment_homebuilding_inventory_owned| Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $15.36B | $15.83B | $16.15B | $16.25B | $15.63B | $10.15B | $11.38B | $11.12B | $9.92B | $10.48B |
| QoQ Change | — | +3.0% | +2.0% | +0.6% | -3.8% | -35.1% | +12.0% | -2.3% | -10.8% | +5.6% |
| YoY Change | — | — | — | — | +1.8% | -35.8% | -29.6% | -31.6% | -36.5% | +3.2% |