News about Lennar

A Hunterbrook Media investigation published Oct. 2 says Millrose Properties, a company Lennar split off in early 2025, bought more than 700 finished Lennar homes across at least 51 counties in 15 states, worth an estimated $200 million, in about a month. Millrose appears to be renting many of these homes, possibly at a loss, even though it was originally set up to hold land for Lennar. On Oct. 9, investors Leon and Sylvia Rubenstein filed a proposed class action against Millrose, its CEO and its CFO, alleging misleading statements; none of the claims have been proven in court. The report argues that without the Millrose sales, Lennar would have missed its delivery target, after missing four of five third-quarter targets, while Berkshire Hathaway bought about $350 million of Lennar stock to lift its stake above 10%. Hunterbrook is affiliated with an investment firm that was betting Lennar and Millrose stock would fall.