Lennar Stock Price, News & Analysis

Lennar Corporation (NYSE: LEN) announced key leadership changes with the retirement of two senior executives. Mark Sustana, General Counsel and Vice President, will retire effective September 2, 2025, after serving since 2005. He will be succeeded by Katherine Lee Martin, who joins from The Hertz Corporation as Chief Legal Officer.

Additionally, Chief Operating Officer Fred Rothman will retire on the same date after nearly 20 years with the company. Rothman, who joined in 2006 and became COO in 2019, will continue as a consultant. The company does not plan to replace the COO position.

Lennar (NYSE:LEN) announced the grand opening of the Seaton Creek Amenity Center in Jacksonville, Florida. The new facility features a resort-style pool, fitness center, clubhouse, sports courts, and outdoor pavilion.

The community offers homes priced from the $300,000s, ranging from 1,700 to 2,570 square feet with three to five bedrooms. All homes include Lennar's Everything's Included® program, featuring quartz countertops, stainless steel appliances, and smart home technology. The grand opening celebration will be held on July 12, 2025, featuring carnival activities and home tours.

Title Resources Group (TRG) has appointed Michael Campbell as Vice President, Underwriting Counsel for Michigan. Campbell will provide underwriting support and guidance to TRG's independent and affiliated title agents throughout Michigan and the Midwest region.

Campbell brings over a decade of experience in title insurance and real estate, having previously served as senior underwriter at a multi-state title insurance agency and senior underwriting counsel at Spruce Holdings. He also spent eight years at Amrock (Rocket Close). Campbell is a Michigan licensed attorney and licensed title producer in Michigan, Indiana, and Missouri, holding degrees from Wayne State University Law School and the University of Detroit Mercy.

Title Resources Group (NYSE:HOUS), the nation's fifth largest title insurance underwriter, announced significant executive leadership changes effective July 28, 2025. Kevin Wall, a 30-year industry veteran and former Co-President of First American Title Insurance Company, will be appointed as Chief Executive Officer and Board member. Current CEO J. Scott McCall will transition to the role of Vice Chairman of the Board of Directors.

Wall brings extensive leadership experience from First American Title Insurance Company, where he led seven operating units and global operations with over 7,500 employees. His previous roles include senior positions at Fortress Investment Group, Nationstar, CoreLogic, and Wells Fargo Financial. Under McCall's leadership, TRG achieved significant growth to become the fifth largest title insurance underwriter in the nation.

Quarterra Group, a subsidiary of Lennar Corporation (NYSE:LEN), has announced the start of leasing at Emblem Mill Road, a 324-home garden-style apartment community in McDonough, Georgia. The development represents Quarterra's fourth Emblem community in the Atlanta market, focusing on providing attainable housing for middle-income renters.

Located at 243 Mill Road, the three-story community offers one and two-bedroom homes ranging from 738 to 1,194 square feet. The property features modern amenities including a clubhouse, resort-style pool, fitness room, outdoor grills, package lockers, nature trail, and dog park. The development includes 619 surface parking spaces, 30 garage spaces, and four EV charging stalls.

The community will be managed under a recent merger agreement between Quarterra Living and RKW Residential. Nationwide, Quarterra has delivered 8 Emblem communities to date, with more in development, addressing the supply shortage in the middle-income housing market.

Quarterra Group, a subsidiary of Lennar Corporation (NYSE:LEN), has commenced leasing at Artemas, a new mid-rise apartment community in Everett, Massachusetts. The development features 396 apartment homes and 1,500 square feet of retail space, located just four miles north of Downtown Boston.

The property offers studio, one- and two-bedroom floor plans ranging from 561 to 1,481 square feet, featuring luxury amenities including stainless steel appliances, quartz countertops, and under-cabinet lighting. Community amenities include a rooftop deck, two elevated courtyards, fitness center, resort-style pool, and a 500-space parking garage. The development is designed to meet NGBS Gold Certification standards.

Title Resources Group (NYSE:HOUS) has appointed Natasha Branch as Vice President, Education and Underwriting Counsel for North Carolina. With 18 years of experience in underwriting and risk management, Branch will provide underwriting support and guidance to independent and affiliated title agents throughout North Carolina and the Southeast.

In her previous role, Branch demonstrated significant operational success, increasing productivity by over 25% and managing approximately 200 complex real estate title issues annually. She holds a Juris Doctor from UNC School of Law and serves as secretary of the North Carolina Land Title Association's Executive Committee.

Lennar Corporation (NYSE: LEN), a leading U.S. homebuilder, has announced a quarterly cash dividend declaration. The company's Board of Directors has approved a dividend of $0.50 per share for both Class A and Class B common stock. The dividend will be paid on July 18, 2025, to stockholders who are recorded as holders at the close of business on July 3, 2025. This dividend announcement demonstrates Lennar's commitment to returning value to shareholders through regular cash distributions.

Lennar Corporation (LEN) reported Q2 2025 results with net earnings of $477 million ($1.81 per diluted share), down from $954 million ($3.45 per diluted share) in Q2 2024. New orders increased 6% to 22,601 homes while deliveries rose 2% to 20,131 homes. Total revenues were $8.4 billion, with home sales revenue declining 7% to $7.8 billion. The average home sales price decreased 9% to $389,000, reflecting market softness. Gross margin was 17.8% (18.0% excluding purchase accounting), while SG&A expenses increased to 8.8% of revenues. The company maintained strong liquidity of $5.4 billion and a low homebuilding debt to capital ratio of 11.0%. During the quarter, Lennar issued $700 million in senior notes, repaid $500 million in existing notes, and repurchased 4.7 million shares for $517 million. For Q3 2025, Lennar expects 22,000-23,000 new orders and deliveries, with gross margins remaining around 18%.