v3.26.1
Investments in Unconsolidated Entities (Narrative) (Details)
$ in Thousands
6 Months Ended
May 31, 2026
USD ($)
project
May 31, 2025
USD ($)
Nov. 30, 2025
USD ($)
project
Nov. 30, 2024
project
Schedule of Equity Method Investments [Line Items]        
Gain on sales of investment $ 0 $ 35,033    
Upward America Venture        
Schedule of Equity Method Investments [Line Items]        
Total equity commitments 1,000,000      
Upward America Venture        
Schedule of Equity Method Investments [Line Items]        
Total equity commitments 78,100      
Lennar's carrying value of investments 12,800   $ 13,800  
Homebuilding        
Schedule of Equity Method Investments [Line Items]        
Non-recourse debt with completion guarantees 317,000   511,900  
Lennar's carrying value of investments [1] 1,478,719   1,545,370  
Multifamily        
Schedule of Equity Method Investments [Line Items]        
Non-recourse debt with completion guarantees 776,300   $ 798,100  
Multifamily | Lennar Multifamily Fund        
Schedule of Equity Method Investments [Line Items]        
Lennar's carrying value of investments $ 28,100      
Multifamily | Lennar Multifamily Fund | Scenario, Plan        
Schedule of Equity Method Investments [Line Items]        
Fund ownership percentage 3.50%      
Multifamily | LMV I        
Schedule of Equity Method Investments [Line Items]        
Total equity commitments $ 2,204,016      
Lennar's carrying value of investments $ 69,706      
Multifamily | LMV I | Disposal Group, Held-for-Sale, Not Discontinued Operations        
Schedule of Equity Method Investments [Line Items]        
Number of Projects | project       38
Multifamily | LMV I | Disposal Group, Disposed of by Sale, Not Discontinued Operations        
Schedule of Equity Method Investments [Line Items]        
Number of Projects | project 1   35  
Multifamily | TPG Fund        
Schedule of Equity Method Investments [Line Items]        
Lennar's carrying value of investments $ 44,400      
Lennar Other | Rialto Funds and Investment Vehicles        
Schedule of Equity Method Investments [Line Items]        
Lennar's carrying value of investments 130,300   $ 133,000  
Lennar Other | Strategic Technology Investments        
Schedule of Equity Method Investments [Line Items]        
Lennar's carrying value of investments $ 234,100   $ 235,000  
[1] Under certain provisions of Accounting Standards Codification (“ASC”) Topic 810, Consolidations (“ASC 810”), the Company is required to separately disclose on its condensed consolidated balance sheets the assets owned by consolidated variable interest entities (“VIEs”) and liabilities of consolidated VIEs as to which neither Lennar Corporation, nor any of its subsidiaries, has any obligations.
As of May 31, 2026, total assets include $1.4 billion related to consolidated VIEs of which $45.6 million is included in Homebuilding cash and cash equivalents, $31.5 million in Homebuilding finished homes and construction in progress, $223.3 million in Homebuilding land and land under development, $958.4 million in Homebuilding consolidated inventory not owned, $102.5 million in Homebuilding deposits and pre-acquisition costs on real estate, $0.3 million in Homebuilding investments in unconsolidated entities and $24.2 million in Multifamily assets.
As of November 30, 2025, total assets include $1.5 billion related to consolidated VIEs of which $61.1 million is included in Homebuilding cash and cash equivalents, $2.0 million in Homebuilding receivables, net, $45.6 million in Homebuilding finished homes and construction in progress, $300.3 million in Homebuilding land and land under development, $984.4 million in Homebuilding consolidated inventory not owned, $88.3 million in Homebuilding deposits and pre-acquisition costs on real estate, $0.3 million in Homebuilding investments in unconsolidated entities, $8.9 million in Homebuilding other assets and $25.0 million in Multifamily assets.