| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-11-30 | acquisition_addition | completed | 2025-02-10 | 2025-02-10 | United States — Arkansas, Oklahoma, Alabama, Kansas/Missouri, Texas, Florida | Homebuilding | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired Rausch's homebuilding operations; Millrose acquired Rausch's land assets. Headcount added not disclosed. Cash consideration funded from working capital. | |||
| 2025-11-30 | divestiture_reduction | completed | 2025-02-07 | 2025-02-07 | United States | Homebuilding — Land assets | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Taxable spin-off of Millrose Properties; contributed $5.6B land assets and $1.0B cash. Headcount impact not disclosed. | |||
| 2025-11-30 | divestiture_reduction | completed | 2025-11-26 | 2025-11-30 | United States | Homebuilding — Millrose exchange offer | USD 156 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Non-cash exchange of 33.3M Millrose shares for 8.0M Lennar Class A shares; one-time loss of $156.1M. Headcount impact not disclosed. | ||
| 2025-11-30 | divestiture_reduction | completed | 2025-12-01 | 2025-12-31 | United States | Multifamily — Quarterra Group | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sold majority interest in Quarterra to TPG Real Estate, retaining minority interest. Subsequent to fiscal year-end. Headcount impact not disclosed; Multifamily headcount declined from 546 to 218 during FY2025. | |||
| 2025-05-31 | acquisition_addition | completed | 2025-02-10 | United States (Arkansas, Oklahoma, Alabama, Kansas/Missouri, Texas, Florida) | Homebuilding (South Central segment) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of homebuilding operations completed 2025-02-10; $312.6 million of assets acquired and $73.0 million of liabilities assumed. No employee headcount transferred or added is disclosed in the filing. | ||||
| 2025-05-31 | divestiture_reduction | completed | 2025-02-07 | United States | Land / Millrose Properties, Inc. | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Taxable spin-off distributing ~80% of Millrose stock; $5.6 billion of land assets and $1.0 billion cash contributed. No workforce impact or employee counts disclosed. | ||||
| 2025-02-28 | divestiture_reduction | completed | 2025-02-07 | 2025-02-07 | United States | Homebuilding (land assets) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Taxable spin-off distributing ~80% of Millrose stock; contributed $5.6B land assets and $1.0B cash. No employee counts or workforce impact disclosed. | |||
| 2025-02-28 | acquisition_addition | completed | 2025-02-10 | 2025-02-10 | United States (Arkansas, Oklahoma, Alabama, Kansas/Missouri, Texas, Florida) | Homebuilding | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired homebuilding operations; $312.2M assets and $50.4M assumed liabilities. No headcount added disclosed. | |||
| 2024-11-30 | acquisition_addition | announced | 2024 | 2025 | New markets: Arkansas, Oklahoma, Alabama, Kansas, Missouri; existing markets: Texas, Oklahoma, Alabama, Florida | Homebuilding | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Definitive agreement signed in fiscal Q4 2024 to acquire Rausch Coleman Homes (Fayetteville, Arkansas residential homebuilder); closing expected in fiscal Q1 2025. Headcount impact not disclosed; land assets expected to be assigned to Millrose with repurchase options. | |||
| 2024-11-30 | divestiture_reduction | announced | 2025-01-10 | 2025-02-07 | United States | Homebuilding (land assets); intended spin-off also covers multifamily and single-family rental asset management businesses | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Spin-off of land assets (expected $5-6 billion of land plus ~$1 billion cash) to complete asset-light operating model; Board declared the distribution stock dividend on 2025-01-10 with distribution date 2025-02-07. Employee headcount impact not disclosed; Millrose expected to be an externally managed company. | |||
| 2023-11-30 | divestiture_reduction | announced | United States | Multifamily and single-family rental asset management businesses and certain investment assets | MD&A f5-10k / GLM-5.3-flash-HTML | Previously announced plan to transfer non-homebuilding businesses into newly formed subsidiary Quarterra Group and distribute its stock to stockholders has been deferred due to market conditions; filing states timing is uncertain and the spin-off may not occur at all. No headcount impact quantified and no workforce reduction executed during fiscal 2023. | |||||
| 2021-11-30 | divestiture_reduction | completed | United States | SunStreet residential solar business (Lennar Other) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Residential solar operations sold to Sunnova in exchange for stock during fiscal 2021; headcount transferred was not disclosed. Financial statement notes report a $153.0 million gain on the sale. | |||||
| 2021-11-30 | divestiture_reduction | announced | 2022 | United States | Multifamily and single-family home rental platforms and certain investment assets | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Planned tax-free spin-off expected by second or third quarter of fiscal 2022; IRS private letter ruling request filed November 2021. Employee counts affected were not disclosed. | ||||
| 2021-11-30 | divestiture_reduction | completed | 2021 | 2021-11-30 | United States | SunStreet solar operations (Lennar Other) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Residential solar business sold to Sunnova in exchange for stock during FY2021; gain of $153.0 million recorded. No employee count disclosed. | |||
| 2021-11-30 | divestiture_reduction | announced | 2021-11 | 2022-09-30 | United States | Multifamily, single-family rental and related investment asset-management businesses | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Planned tax-free spin-off; IRS private letter ruling requested November 2021, expected completion in the second or third quarter of 2022. No headcount quantified; subsidiaries involved would no longer guarantee senior notes. | |||
| 2019-11-30 | divestiture_reduction | completed | 1,600 | Financial Services and related businesses (retail title business, retail mortgage business, title insurance underwriter, Berkshire Hathaway real estate brokerage business) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Approximately 1,600 associates left with Q1 fiscal 2019 divestitures; count is disclosed as approximate. Transactions closed during Q1 fiscal 2019 (December 2018–February 2019); exact dates not disclosed. Prior-year sale of Rialto Management Group (2018-11-30) belongs to fiscal 2018 and is not captured here. | |||||
| 2019-11-30 | divestiture_reduction | completed | 1,600 | 2019-02-28 | United States | Financial Services (retail title, retail mortgage, title insurance underwriting, real estate brokerage) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Approximately 1,600 associates exited with the first-quarter fiscal 2019 sales of the retail title, retail mortgage, title underwriter and Berkshire Hathaway brokerage businesses; exact date not stated. | |||
| 2019-11-30 | divestiture_reduction | completed | 1,600 | 2019-03-31 | 2019-03-31 | United States | Financial Services | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Reduction of approximately 1,600 individuals involved in retail title business, retail mortgage business, title insurance underwriter, and Berkshire Hathaway real estate brokerage business sold in Q1 FY2019. | ||
| 2019-08-31 | restructuring | completed | Corporate | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Significant reductions in combined headcount realized as part of CalAtlantic acquisition synergies; specific employee count not disclosed. | ||||||
| 2019-05-31 | restructuring | completed | United States | Corporate / Homebuilding | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Significant reductions in combined headcount achieved as part of CalAtlantic acquisition synergies. Specific employee count not disclosed. | |||||
| 2019-02-28 | restructuring | in_progress | Corporate | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Filing mentions 'significant reductions in combined headcount' as part of synergy realization from the prior-year CalAtlantic acquisition, but does not disclose specific employee counts or severance charges for the current quarter. | ||||||
| 2018-11-30 | acquisition_addition | completed | 2017-10-29 | 2018-02-12 | United States (operations in 43 metropolitan statistical areas across 19 states) | Homebuilding; Financial Services | USD 153 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquisition completed February 12, 2018; merger agreement dated October 29, 2017. Headcount added through the acquisition is not separately quantified in the filing. Fiscal 2018 acquisition and integration costs of $153.0 million were primarily severance and transaction costs. | ||
| 2018-11-30 | divestiture_reduction | completed | 2018-11-30 | United States | Rialto (investment and asset management platform) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Rialto Management Group sold November 30, 2018 for $340 million, generating a $296.4 million gain (Note 10). Year-end headcount of 11,626 excludes these employees. RMF was retained and moved into Lennar Financial Services effective December 1, 2018. Prior-year headcount included 335 employees in former Rialto operations, including RMF. | ||||
| 2018-11-30 | divestiture_reduction | completed | 1,600 | 2018-12 | 2019-01 | United States | Lennar Financial Services (retail title, title underwriting, real estate brokerage) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Disclosed count is approximately 1,600 associates. Agreement to sell the majority of the retail title and title underwriting business to States Title reached December 2018; the real estate brokerage business (Florida only) was also sold. Sales completed subsequent to fiscal year-end (Note 20 — Subsequent Events); MD&A indicates the headcount reduction ran from fiscal year-end through January 2019. Retained homebuyer-facing title agency was rebranded CalAtlantic Title. | ||
| 2018-11-30 | divestiture_reduction | announced | United States | Lennar Financial Services (residential mortgage business serving non-Lennar homebuyers) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Company contracted during fiscal 2018 or early 2019 to sell the residential mortgage business serving non-Lennar homebuyers; headcount impact not quantified. The mortgage business serving Lennar homebuyers was retained. | |||||
| 2018-11-30 | acquisition_addition | completed | 2018-02-12 | 2018-02-12 | United States | Homebuilding and Financial Services | USD 153 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of CalAtlantic Group, Inc. completed February 12, 2018; headcount added not quantified. Charge is acquisition and integration costs, mainly severance and transaction costs, for the year ended November 30, 2018. | ||
| 2018-11-30 | divestiture_reduction | completed | 2018-11-30 | 2018-11-30 | United States | Rialto (investment and asset management platform) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Rialto Management Group sold November 30, 2018; affected headcount not quantified. Total of 11,626 associates excludes persons employed by Rialto Management Group on that date. | |||
| 2018-11-30 | restructuring | announced | 1,600 | 2018-11-30 | 2019-01-31 | United States | Retail title agency, title insurance underwriting, and real estate brokerage businesses | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of the majority of the retail title business, title insurance underwriter and Berkshire Hathaway real estate brokerage business in the first quarter of fiscal 2019 will reduce associates by approximately 1,600; MD&A describes headcount reduced by about 1,600 from fiscal year end through January 2019. | ||
| 2018-11-30 | acquisition_addition | completed | 2018-02-12 | 2018-02-12 | United States | Homebuilding and Financial Services | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Acquired CalAtlantic Group, Inc. in February 2018. Headcount increased from 9,111 (Nov 2017) to 11,626 (Nov 2018), excluding Rialto. | |||
| 2018-11-30 | divestiture_reduction | completed | 2018-11-30 | 2018-11-30 | United States | Rialto | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Sold Rialto Management Group on November 30, 2018. Employees of Rialto Management Group are excluded from the 11,626 total headcount. | |||
| 2018-11-30 | restructuring | announced | 1,600 | 2019-01-31 | United States | Retail Title, Title Insurance Underwriting, Real Estate Brokerage | subsequent_events f5-10k / Qwen3.6-27B-Q8_0 | Sale of majority of retail title business, title insurance underwriter, and real estate brokerage business in Q1 FY2019 will result in reduction of approximately 1,600 individuals. | |||
| 2018-08-31 | acquisition_addition | completed | 2018-02-12 | United States | Homebuilding; Lennar Financial Services | USD 140 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | CalAtlantic merger completed February 12, 2018 added employees across homebuilding and financial services; no headcount figure disclosed. YTD acquisition and integration costs of $140.1 million comprised mainly of severance expenses and transaction costs. | |||
| 2018-08-31 | acquisition_addition | completed | United States | Homebuilding; Financial Services | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Merger completed 2018-02-12; acquired 542 active communities and 6,530 homes in backlog, but no employee headcount added is quantified in the filing. | |||||
| 2018-08-31 | restructuring | in_progress | United States | Corporate; Homebuilding (CalAtlantic integration) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Steps taken in Q2 and Q3 2018 toward $160M 2018 / $380M 2019 synergies included significant reductions in combined headcount; no employee count or separate severance amount disclosed (acquisition and integration costs of $12.0M for the quarter and $140.1M YTD include severance and transaction costs). | |||||
| 2018-08-31 | restructuring | in_progress | 2018-02-12 | United States | Corporate / Homebuilding | USD 12 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Significant reductions in combined headcount and elimination of costs of having two publicly traded companies. $12.0M in acquisition and integration costs (severance and transaction costs) incurred in Q3 2018. | |||
| 2018-05-31 | acquisition_addition | completed | 2018-02-12 | 2018-02-12 | United States | Homebuilding; Financial Services | USD 128 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | CalAtlantic acquisition completed February 12, 2018 added employees across homebuilding and financial services; no headcount figure disclosed. Six-month acquisition and integration costs of $128.1 million comprised mainly of severance expenses and transaction costs; no employee count given. | ||
| 2018-05-31 | restructuring | in_progress | 2018-02-12 | United States | Corporate / enterprise-wide | USD 128 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Integration costs for the six months ended May 31, 2018, mainly severance and transaction costs; no employee count disclosed. Company expects to continue incurring integration costs through fiscal 2018. | |||
| 2018-05-31 | acquisition_addition | completed | 2018-02-12 | United States | Homebuilding, Financial Services | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | CalAtlantic acquisition closed February 12, 2018; no headcount added disclosed in the filing. | ||||
| 2018-05-31 | restructuring | in_progress | 2018-02-12 | United States | Corporate and Homebuilding | USD 24 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Significant reductions in combined headcount and elimination of costs of having two publicly traded companies. Charge represents acquisition and integration costs for the three months ended May 31, 2018. | |||
| 2018-05-31 | restructuring | in_progress | 2018-02-12 | United States | Corporate and Homebuilding | USD 128 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Significant reductions in combined headcount and elimination of costs of having two publicly traded companies. Charge represents acquisition and integration costs for the six months ended May 31, 2018. | |||
| 2018-02-28 | acquisition_addition | completed | 2017-10-29 | 2018-02-12 | United States | Homebuilding; Financial Services | USD 104 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | CalAtlantic acquisition completed February 12, 2018; no employee headcount figures disclosed. MD&A notes significant reductions in combined headcount and renegotiated supply contracts as integration steps, but no affected-employee counts are quantified. | ||
| 2018-02-28 | acquisition_addition | completed | 2017-10-29 | 2018-02-12 | United States (19 states, 43 metropolitan areas) | Homebuilding and Financial Services (mortgage, title, escrow) | USD 104 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Merger completed 2018-02-12; no employee count disclosed for acquired workforce. Charge shown is acquisition and integration costs expensed in the quarter, not severance. | ||
| 2018-02-28 | restructuring | in_progress | United States | Corporate and combined homebuilding operations | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A cites significant reductions in combined headcount among steps taken by end of March 2018 toward $100M 2018 / $365M 2019 synergy targets; no headcount figure, date, or charge disclosed. | |||||
| 2018-02-28 | restructuring | in_progress | 2018-02-12 | United States | Corporate / General & Administrative | USD 104 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Significant reductions in combined headcount and acquisition/integration costs related to CalAtlantic merger. | |||
| 2017-11-30 | acquisition_addition | completed | 2016-09-22 | 2017-02-10 | Florida | Homebuilding East; Lennar Financial Services (real estate brokerage) | USD 28 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired WCI Communities, Inc. for $642.6 million cash on February 10, 2017; number of employees added not quantified. Transaction-related expenses of $28.1 million since acquisition comprised mainly of severance costs, G&A, and amortization of non-compete agreements and trade name. | ||
| 2017-11-30 | acquisition_addition | announced | 2017-10-29 | 2018-02-12 | United States (19 states) | Homebuilding; Lennar Financial Services | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Merger Agreement with CalAtlantic Group, Inc. executed October 29, 2017; closing subject to stockholder approvals at meetings scheduled for February 12, 2018. Headcount impact not quantified in the filing. | |||
| 2017-11-30 | acquisition_addition | completed | 2016-09-22 | 2017-02-10 | Florida, United States | Lennar Homebuilding; Lennar Financial Services | USD 643 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | WCI Communities, Inc. acquired February 10, 2017 for $642.6 million cash; acquired headcount is not quantified in the filing. Charge shown is total purchase price, not a severance charge. WCI contributed 51 active communities and 359 homes in backlog. | ||
| 2017-08-31 | acquisition_addition | completed | 2017-02-10 | Florida, United States | Lennar Homebuilding (East) / Lennar Financial Services | USD 26 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | WCI acquisition closed 2017-02-10; nine-month transaction-related expenses of $25.9M (Q3: $6.9M) comprised mainly of severance, G&A, and intangible amortization. No headcount added disclosed. | |||
| 2017-08-31 | acquisition_addition | completed | 2017-02-10 | Florida | Homebuilding East; Lennar Financial Services | USD 26 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of WCI Communities, Inc. included transaction-related expenses of $25.9 million for the nine months ended Aug 31, 2017, comprised mainly of severance costs, general and administrative expenses, and amortization expense. | |||
| 2017-05-31 | acquisition_addition | completed | 2017-02-10 | Florida | Homebuilding East; Lennar Financial Services | USD 8 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of WCI Communities, Inc. included transaction-related expenses of $8.0 million for the three months ended May 31, 2017, comprised mainly of severance costs, general and administrative expenses, and amortization expense. | |||
| 2017-02-28 | acquisition_addition | completed | 2017-02-10 | Florida, United States | Lennar Homebuilding (East) and Lennar Financial Services | USD 11 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | WCI Communities acquisition closed 2017-02-10; no employee count disclosed. Filing notes transaction expenses of $11.0 million, mainly severance costs, included in Homebuilding SG&A for the quarter. | |||
| 2017-02-28 | acquisition_addition | completed | 2017-02-10 | Florida | Homebuilding East; Lennar Financial Services | USD 11 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of WCI Communities, Inc. included transaction expenses of $11.0 million comprised mainly of severance costs. Specific headcount added is not disclosed. | |||
| 2016-11-30 | acquisition_addition | announced | 2016-09-22 | Florida | Homebuilding | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Pending all-stock-and-cash merger of Florida luxury homebuilder WCI at $23.50 per share; WCI stockholder vote anticipated February 2017. No WCI headcount or workforce impact disclosed. | ||||
| 2009-11-30 | restructuring | completed | United States | Homebuilding (selling, general and administrative); Financial Services; Corporate | MD&A f5-10k / GLM-5.3-flash-HTML | FY2009 cost reduction and overhead right-sizing included reductions in associate headcount: homebuilding SG&A fell $206.0 million (31%) vs 2008 primarily from lower associate headcount, variable selling expenses and fixed costs; corporate G&A fell $9.7 million (7%); Financial Services improved on lower fixed costs from cost-reduction initiatives. Total headcount declined from 4,913 (Nov 30, 2008) to 3,835 (Dec 31, 2009). Note 16 also discloses $8.8 million of FY2009 lease termination costs tied to consolidating operations. No employee count for the reduction is disclosed, so none is asserted. | |||||
| 2009-11-30 | restructuring | completed | United States | Homebuilding and Financial Services | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | MD&A attributes the 31% reduction in SG&A and lower corporate G&A to right-sizing overhead and associate headcount reductions; headcount fell from 4,913 to 3,835, but no affected-employee count, dates, or severance charge are disclosed. | |||||
| 2009-02-28 | restructuring | in_progress | United States | Homebuilding and corporate | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A attributes part of the 42% reduction in SG&A expenses to lower associate headcount, alongside variable selling expenses and fixed costs; no employee count, dates, or severance charge are disclosed. | |||||
| 2008-11-30 | restructuring | completed | Homebuilding (division consolidations) with related corporate overhead | MD&A f5-10k / GLM-5.3-flash-HTML | Consolidation of divisions during FY2008 cut associate headcount; SG&A fell $713.1M (52%) and corporate G&A fell $43.5M (25%). Workforce shrank from 7,745 (Nov 30, 2007) to 4,704 (Dec 31, 2008); per-employee reduction count not explicitly disclosed. | ||||||
| 2008-11-30 | restructuring | in_progress | United States | Homebuilding and corporate operations | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Filer describes consolidating divisions and reducing overhead to be right-sized for lower anticipated fiscal 2009 volumes, resulting in reductions in associate headcount; no affected-employee count or severance charge is quantified. Headcount declined from 7,745 at November 30, 2007 to 4,704 at December 31, 2008 as disclosed. | |||||
| 2008-11-30 | restructuring | completed | United States | Homebuilding and Financial Services | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Company consolidated divisions and reduced overhead to right-size for lower volume levels. Headcount decreased from 7,745 in Nov 2007 to 4,704 in Dec 2008. | |||||
| 2008-02-29 | restructuring | in_progress | Homebuilding | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | SG&A expenses reduced 53% year-over-year, attributed in part to reductions in associate headcount; no specific employee counts or charges disclosed. | ||||||
| 2008-02-29 | restructuring | in_progress | United States | Corporate and homebuilding operations | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Filer states it right-sized operations and reduced associate headcount to protect cash amid the housing downturn; SG&A fell $194.4 million (53%) year over year, attributed primarily to associate headcount reductions and lower variable selling expense. No employee count, charge, or completion date disclosed. | |||||
| 2008-02-29 | restructuring | in_progress | Global | Corporate and Homebuilding Operations | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Company reduced associate headcount and variable selling expense, resulting in $194.4 million reduction in SG&A. No specific employee count or severance charge disclosed. | |||||
| 2007-11-30 | reduction_in_force | in_progress | 50% | company-wide | MD&A f5-10k / GLM-5.3-flash-HTML | Continuous downsizing during fiscal 2007 and into early 2008 as homebuilding volumes fell; no single announcement date or count disclosed. Headcount fell from 13,000 at Nov 30, 2006 to 6,934 at Jan 11, 2008. MD&A separately attributes a $396.6 million (22%) SG&A decline partly to associate headcount reductions. | |||||
| 2007-11-30 | restructuring | in_progress | United States | Company-wide (overhead reduction) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | MD&A states the workforce was cut roughly in half versus the 2006 peak as the company right-sized overhead for lower volumes; no absolute affected-employee count, severance charge, or completion date is disclosed, and there is no restructuring footnote in this filing. | |||||
| 2007-11-30 | restructuring | completed | 50% | Global | All segments | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Company reduced workforce by approximately 50% from peak in 2006 to right-size for anticipated lower volume levels. Specific headcount reduction number not disclosed, only percentage relative to prior peak. | ||||
| 2007-08-31 | reduction_in_force | in_progress | 35% | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Company states it has reduced its workforce to date by approximately 35% and expects continued reductions in the fourth quarter; no absolute headcount disclosed. | ||||||
| 2007-08-31 | reduction_in_force | in_progress | 35% | 2007-11-30 | United States | Company-wide | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Cumulative workforce reduction of approximately 35% to date in response to housing market deterioration; company expects further reductions during fiscal Q4 2007. No absolute headcount, announcement date, or severance charge disclosed. | |||
| 2007-08-31 | restructuring | in_progress | 35% | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Company reduced workforce by approximately 35% to date to right-size for lower volume levels; expects continued reductions in fourth quarter. | ||||||
| 2005-11-30 | acquisition_addition | completed | New Jersey/New York City and Boston, Massachusetts markets; Reno, Nevada; Jacksonville, Florida | Homebuilding | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Multiple homebuilding acquisitions completed during fiscal 2005 (Barker Coleman in Reno; Admiral Homes in Jacksonville; New York City and Boston market entries), expanding the East and West regions. Company paid $416.0 million for acquisitions and prior-period contingent consideration; headcount added through these acquisitions is not disclosed. | |||||
| 2005-11-30 | divestiture_reduction | completed | 2005-05 | Financial Services — title company subsidiary (North American Exchange Company) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | North American Exchange Company, a subsidiary of the Financial Services Division's title company, was sold in May 2005, generating a $15.8 million pretax gain and classified as discontinued operations; affected headcount not disclosed. | |||||
| 2005-11-30 | acquisition_addition | completed | 2005 | United States — metropolitan New York City, Boston, Reno (Nevada), Jacksonville (Florida) | Homebuilding | USD 416 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Filer paid $416.0 million for 2005 homebuilding acquisitions and contingent consideration; no headcount added disclosed. Announcement date shown as year only. | |||
| 2005-11-30 | divestiture_reduction | completed | 2005-05 | United States | Financial Services — title operations | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of North American Exchange Company (NAEC) generated a $15.8 million pretax gain; no headcount reduction disclosed. | ||||
| 2005-11-30 | acquisition_addition | completed | United States (New York/New Jersey, Boston, Reno NV, Jacksonville FL, and other markets) | Homebuilding | USD 416 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | During fiscal 2005 Lennar completed multiple homebuilding acquisitions (including Barker Coleman, Admiral Homes, and rights to develop NJ and Boston property portfolios) for $416.0 million total consideration; no headcount added was disclosed. | ||||
| 2005-11-30 | divestiture_reduction | completed | 2005-05-31 | United States | Financial Services (title) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of North American Exchange Company (NAEC) in May 2005 generated a $15.8 million pretax gain; associated headcount removed was not disclosed. | ||||
| 2005-02-28 | acquisition_addition | completed | United States | Homebuilding | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired a homebuilder during the quarter for $84.3 million net of cash acquired; no headcount added or retained by the acquisition is disclosed. | |||||
| 2004-11-30 | acquisition_addition | completed | 2004-12-01 | 2004-11-30 | United States (all homebuilding regions; Oregon, Washington, Minnesota for financial services) | Homebuilding; Financial Services (mortgage, title and closing) | USD 106 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Fiscal 2004 acquisitions included homebuilding acquisitions across all regions (e.g., Connell-Barron Homes in San Antonio, Classic American Homes in Jacksonville), mortgage operations in Oregon and Washington, and title/closing business in Minnesota; $105.7M paid net of cash acquired. Headcount added not disclosed. Announcement date shown as fiscal-year start because individual deal dates are not given. | ||
| 2004-11-30 | acquisition_addition | completed | 2004-01-01 | 2004-01-31 | California (Los Angeles County) | Homebuilding / land development (unconsolidated entity) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | A 50/50 unconsolidated entity of Lennar and LNR acquired The Newhall Land and Farming Company for approximately $1 billion in January 2004; Lennar contributed approximately $200 million. Because the entity is equity-method consolidated, resulting headcount is not included in Lennar's reported total of 11,796. Headcount not disclosed. | |||
| 2004-11-30 | acquisition_addition | completed | United States (all homebuilding regions; Oregon, Washington, Minnesota for financial services) | Homebuilding; Financial Services (mortgage, title and closing) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2004 acquisitions completed in all homebuilding regions plus mortgage operations in Oregon/Washington and title/closing in Minnesota; $105.7M paid net of cash acquired and $26.7M goodwill recorded, but no headcount added through these acquisitions is disclosed. | |||||
| 2003-11-30 | acquisition_addition | completed | United States (California, South Carolina, Chicago market) | Homebuilding; Title and closing services | USD 159 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Fiscal 2003 acquisitions of homebuilders in California and South Carolina plus a title company; $159.4M cash paid net of cash acquired. No headcount added through these acquisitions is disclosed. | ||||
| 2003-08-31 | acquisition_addition | completed | California; South Carolina; Chicago, Illinois | Homebuilding; Title and closing (Financial Services) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | During fiscal 2003 the company acquired two homebuilders (California, South Carolina) and a title company (Chicago), paying $106.0 million net of cash acquired; no employee counts disclosed for the acquired workforces. | |||||
| 2003-05-31 | acquisition_addition | completed | California; South Carolina | Homebuilding | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Two homebuilder acquisitions in fiscal 2003, total consideration including assumed debt of approximately $100 million; no employee headcount added disclosed. | |||||
| 2002-11-30 | acquisition_addition | completed | United States (Carolinas, Chicago, Baltimore, Central Valley CA and existing markets) | Homebuilding | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Nine homebuilders acquired during fiscal 2002; total consideration including acquired debt approximately $600 million and goodwill of $74.7 million. Headcount added not disclosed. | |||||
| 2002-11-30 | acquisition_addition | completed | 2003 | South Carolina | Homebuilding | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Seppala Homes acquired after the November 30, 2002 fiscal year end, expanding South Carolina operations; headcount added not disclosed. | ||||
| 2002-08-31 | acquisition_addition | completed | United States (Chicago, Baltimore, the Carolinas and several other states) | Homebuilding | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Eight regional homebuilders acquired during fiscal 2002; total consideration including acquired debt was approximately $575 million. No employee headcount added was disclosed. | |||||
| 2002-05-31 | acquisition_addition | announced | 2002-06-30 | 2002-07-31 | United States | Homebuilding | USD 51 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Controlling interest acquired June 2002 with tender offer for remaining shares; total cash consideration ~$50.7M, net cost ~$27.7M after sale of Wilshire Homes. No headcount disclosed. | ||
| 2000-11-30 | acquisition_addition | completed | 2000-05-03 | 2000-05-03 | United States (13 states) | Homebuilding | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition completed 2000-05-03; added operations in 13 states. Headcount added through the acquisition was not disclosed (only cash/stock consideration and U.S. Home's 1999 revenue, net income and homes delivered are given). | |||
| 2000-08-31 | acquisition_addition | completed | 2000-05-03 | United States (13 states) | Homebuilding; Financial Services (U.S. Home Mortgage Corporation) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition completed May 3, 2000; the filing does not disclose the number of employees acquired or any headcount changes. | ||||
| 2000-05-31 | acquisition_addition | completed | 2000-02-16 | 2000-05-03 | United States (13 states) | Homebuilding | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition closed 2000-05-03; no employee headcount added disclosed in the filing. Goodwill of $48 million recorded. | |||
| 1999-11-30 | acquisition_addition | announced | 2000-02-16 | 2000-05-31 | United States (11 states) | Homebuilding | USD 476 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Merger agreement to acquire U.S. Home Corporation announced after fiscal year-end; consideration approximately $476 million, roughly half cash and half stock. No headcount disclosed; U.S. Home delivered 9,069 homes in 1999 with $1.82 billion revenues. | ||
| 1999-11-30 | restructuring | completed | 1997-10-31 | 1999-11-30 | United States | Corporate / Investment Division Spin-off | USD 29 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Restructuring charge recorded in Q4 1997 for spin-off of LNR and formation of Lennar Land Partners. Liabilities paid as of Nov 30, 1999. Employee count not disclosed. |