What is Lennar's homebuilding — inventory write-down?

Lennar (LEN) reported homebuilding — inventory write-down of $5.78M in Q3 2025.

What is the long-term trend for Lennar's homebuilding — inventory write-down?

Over 2 years (2022 to 2025), Lennar's homebuilding — inventory write-down has grown at a -30.6% compound annual growth rate (CAGR), from $47.90M to $23.10M.

What does homebuilding — inventory write-down mean?

The loss recognized when the market value of land or homes drops below what the company paid to build or acquire them.

Discontinued — last reported Q4 '25

Business Segments · Inventory write-down

Homebuilding — Inventory write-down

Lennar Homebuilding — Inventory write-down remained flat by 0.0% to $5.78M in Q3 2025 compared to the prior quarter. Over 2 years (FY 2022 to FY 2025), Homebuilding — Inventory write-down shows a downward trend with a -30.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment

CategoryProfitability

SignalLower is better

VolatilityVolatile

First reportedQ1 2022

Last reportedQ4 2025

How to read this metric

Higher write-downs signal poor inventory management or a deteriorating real estate market, negatively impacting profitability.

Detailed definition

This metric quantifies the reduction in the carrying value of homebuilding inventory, such as land or homes under constr...

Peer comparison

Comparable to 'Inventory Impairment Charges' reported by all major homebuilders during market downturns.

Metric ID: len_segment_homebuilding_inventory_write_down

Historical Data

13 periods

	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q4 '24	Q1 '25	Q2 '25	Q3 '25
Value	$11.98M	$11.98M	$11.98M	$11.98M	$14.50M	$2.70M	$1.60M	$1.20M	$2.90M	$5.78M	$5.78M	$5.78M	$5.78M
QoQ Change	—	+0.0%	+0.0%	+0.0%	+21.1%	-81.4%	-40.7%	-25.0%	+141.7%	+99.1%	+0.0%	+0.0%	+0.0%
YoY Change	—	—	—	—	+21.1%	-77.5%	-86.6%	-90.0%	-80.0%	+99.1%	—	—	—

Range$1.20M – $14.50M

CAGR-21.6%

Avg YoY Growth-35.6%

Median YoY Growth-78.7%

Current Streak5 quarters growth

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Frequently Asked Questions

What is Lennar's homebuilding — inventory write-down?: Lennar (LEN) reported homebuilding — inventory write-down of $5.78M in Q3 2025.
What is the long-term trend for Lennar's homebuilding — inventory write-down?: Over 2 years (2022 to 2025), Lennar's homebuilding — inventory write-down has grown at a -30.6% compound annual growth rate (CAGR), from $47.90M to $23.10M.
What does homebuilding — inventory write-down mean?: The loss recognized when the market value of land or homes drops below what the company paid to build or acquire them.