-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 PLjXWWdTHP5dtDKatuovgGepyvLhriq3fVwOHpvlHH2HS2gwTNwrPOVxKYIPbBm4
 2nX4SvRj4szz6PZnTeihIg==

<SEC-DOCUMENT>0001181431-03-012980.txt : 20030703
<SEC-HEADER>0001181431-03-012980.hdr.sgml : 20030703
<ACCEPTANCE-DATETIME>20030702203632
ACCESSION NUMBER:		0001181431-03-012980
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030630
FILED AS OF DATE:		20030703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MALCOLM WAYNEWRIGHT E
		CENTRAL INDEX KEY:			0001245948

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11749
		FILM NUMBER:		03773544

	BUSINESS ADDRESS:	
		STREET 1:		700 NW 107TH AVENUE
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33172

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LENNAR CORP /NEW/
		CENTRAL INDEX KEY:			0000920760
		STANDARD INDUSTRIAL CLASSIFICATION:	GEN BUILDING CONTRACTORS - RESIDENTIAL BUILDINGS [1520]
		IRS NUMBER:				954337490
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1130

	BUSINESS ADDRESS:	
		STREET 1:		700 NW 107TH AVE
		STREET 2:		STE 300
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33172
		BUSINESS PHONE:		3055594000

	MAIL ADDRESS:	
		STREET 1:		700 N W 107TH AVE
		STREET 2:		STE 300
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33172

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PACIFIC GREYSTONE CORP /DE/
		DATE OF NAME CHANGE:	19940323
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd11630.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType>
<periodOfReport>2003-06-30</periodOfReport>
<notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000920760</issuerCik>
        <issuerName>LENNAR CORP /NEW/</issuerName>
        <issuerTradingSymbol>LEN, LEN.B</issuerTradingSymbol></issuer>
<reportingOwner>
<reportingOwnerId>
            <rptOwnerCik>0001245948</rptOwnerCik>
            <rptOwnerName>MALCOLM WAYNEWRIGHT E</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>1</isOfficer>
<isTenPercentOwner>0</isTenPercentOwner>
<isOther>0</isOther>
<officerTitle>Vice President and Treasurer</officerTitle>
<otherText></otherText></reportingOwnerRelationship></reportingOwner>
<nonDerivativeSecurity>
<securityTitle>
<value>Class A Common Stock</value></securityTitle>
<transactionDate>
<value>2003-06-30</value></transactionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>G</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved></transactionCoding>
<transactionTimeliness>
<value></value></transactionTimeliness>
<transactionAmounts>
<transactionShares>
<value>200</value></transactionShares>
<transactionValue>
<value>0</value></transactionValue>
<transactionAcquiredDisposedCode>
<value>D</value></transactionAcquiredDisposedCode></transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>493</value></sharesOwnedFollowingTransaction></postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value></directOrIndirectOwnership>
<natureOfOwnership>
<value></value></natureOfOwnership></ownershipNature></nonDerivativeSecurity>
<nonDerivativeSecurity>
<securityTitle>
<value>Class B Common Stock</value></securityTitle>
<transactionDate>
<value>1988-08-08</value>
<footnoteId id="F4"/></transactionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>J</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
<footnoteId id="F4"/></transactionCoding>
<transactionTimeliness>
<value></value></transactionTimeliness>
<transactionAmounts>
<transactionShares>
<value>0</value></transactionShares>
<transactionValue>
<value>0</value></transactionValue>
<transactionAcquiredDisposedCode>
<value>A</value></transactionAcquiredDisposedCode></transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>106</value></sharesOwnedFollowingTransaction></postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value></directOrIndirectOwnership>
<natureOfOwnership>
<value></value></natureOfOwnership></ownershipNature></nonDerivativeSecurity>
<nonDerivativeSecurity>
<securityTitle>
<value>Class A Common Stock</value></securityTitle>
<transactionDate>
<value>1988-08-08</value>
<footnoteId id="F4"/></transactionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>J</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
<footnoteId id="F4"/></transactionCoding>
<transactionTimeliness>
<value></value></transactionTimeliness>
<transactionAmounts>
<transactionShares>
<value>0</value></transactionShares>
<transactionValue>
<value>0</value></transactionValue>
<transactionAcquiredDisposedCode>
<value>A</value></transactionAcquiredDisposedCode></transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>12000</value></sharesOwnedFollowingTransaction></postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
<footnoteId id="F1"/></directOrIndirectOwnership>
<natureOfOwnership>
<value></value></natureOfOwnership></ownershipNature></nonDerivativeSecurity>
<nonDerivativeSecurity>
<securityTitle>
<value>Class B Common Stock</value></securityTitle>
<transactionDate>
<value>1988-08-08</value>
<footnoteId id="F4"/></transactionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>J</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
<footnoteId id="F4"/></transactionCoding>
<transactionTimeliness>
<value></value></transactionTimeliness>
<transactionAmounts>
<transactionShares>
<value>0</value></transactionShares>
<transactionValue>
<value>0</value></transactionValue>
<transactionAcquiredDisposedCode>
<value>A</value></transactionAcquiredDisposedCode></transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>1200</value></sharesOwnedFollowingTransaction></postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
<footnoteId id="F2"/></directOrIndirectOwnership>
<natureOfOwnership>
<value></value></natureOfOwnership></ownershipNature></nonDerivativeSecurity>
<derivativeSecurity>
<securityTitle>
<value>Option</value></securityTitle>
<conversionOrExercisePrice>
<value>0</value></conversionOrExercisePrice>
<transactionDate>
<value>1988-08-08</value>
<footnoteId id="F4"/></transactionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>J</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
<footnoteId id="F4"/></transactionCoding>
<transactionAmounts>
<transactionShares>
<value>0</value></transactionShares>
<transactionValue>
<value>0</value></transactionValue>
<transactionAcquiredDisposedCode>
<value>A</value></transactionAcquiredDisposedCode></transactionAmounts>
<exerciseDate>
<value>1988-08-08</value>
<footnoteId id="F4"/></exerciseDate>
<expirationDate>
<value>1988-08-08</value>
<footnoteId id="F4"/></expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value>Class A Common Stock</value></underlyingSecurityTitle>
<underlyingSecurityShares>
<value>57900</value></underlyingSecurityShares></underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>57900</value></sharesOwnedFollowingTransaction></postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value></directOrIndirectOwnership>
<natureOfOwnership>
<value></value></natureOfOwnership></ownershipNature></derivativeSecurity>
<derivativeSecurity>
<securityTitle>
<value>Option</value></securityTitle>
<conversionOrExercisePrice>
<value>0</value></conversionOrExercisePrice>
<transactionDate>
<value>1988-08-08</value>
<footnoteId id="F4"/></transactionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>J</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
<footnoteId id="F4"/></transactionCoding>
<transactionAmounts>
<transactionShares>
<value>0</value></transactionShares>
<transactionValue>
<value>0</value></transactionValue>
<transactionAcquiredDisposedCode>
<value>A</value></transactionAcquiredDisposedCode></transactionAmounts>
<exerciseDate>
<value>1988-08-08</value>
<footnoteId id="F4"/></exerciseDate>
<expirationDate>
<value>1988-08-08</value>
<footnoteId id="F4"/></expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value>Class B Common Stock</value></underlyingSecurityTitle>
<underlyingSecurityShares>
<value>5790</value></underlyingSecurityShares></underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>5790</value></sharesOwnedFollowingTransaction></postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value></directOrIndirectOwnership>
<natureOfOwnership>
<value></value></natureOfOwnership></ownershipNature></derivativeSecurity>
<derivativeSecurity>
<securityTitle>
<value>Contract right</value>
<footnoteId id="F3"/></securityTitle>
<conversionOrExercisePrice>
<value>0</value></conversionOrExercisePrice>
<transactionDate>
<value>1988-08-08</value>
<footnoteId id="F4"/></transactionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>J</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
<footnoteId id="F4"/></transactionCoding>
<transactionAmounts>
<transactionShares>
<value>0</value></transactionShares>
<transactionValue>
<value>0</value></transactionValue>
<transactionAcquiredDisposedCode>
<value>A</value></transactionAcquiredDisposedCode></transactionAmounts>
<exerciseDate>
<value>1988-08-08</value>
<footnoteId id="F4"/></exerciseDate>
<expirationDate>
<value>1988-08-08</value>
<footnoteId id="F4"/></expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value>Class A Common Stock</value></underlyingSecurityTitle>
<underlyingSecurityShares>
<value>6600</value></underlyingSecurityShares></underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>6600</value></sharesOwnedFollowingTransaction></postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value></directOrIndirectOwnership>
<natureOfOwnership>
<value></value></natureOfOwnership></ownershipNature></derivativeSecurity>
<derivativeSecurity>
<securityTitle>
<value>Contract right</value>
<footnoteId id="F3"/></securityTitle>
<conversionOrExercisePrice>
<value>0</value></conversionOrExercisePrice>
<transactionDate>
<value>1988-08-08</value>
<footnoteId id="F4"/></transactionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>J</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
<footnoteId id="F4"/></transactionCoding>
<transactionAmounts>
<transactionShares>
<value>0</value></transactionShares>
<transactionValue>
<value>0</value></transactionValue>
<transactionAcquiredDisposedCode>
<value>A</value></transactionAcquiredDisposedCode></transactionAmounts>
<exerciseDate>
<value>1988-08-08</value>
<footnoteId id="F4"/></exerciseDate>
<expirationDate>
<value>1988-08-08</value>
<footnoteId id="F4"/></expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value>Class B Common Stock</value></underlyingSecurityTitle>
<underlyingSecurityShares>
<value>660</value></underlyingSecurityShares></underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>660</value></sharesOwnedFollowingTransaction></postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value></directOrIndirectOwnership>
<natureOfOwnership>
<value></value></natureOfOwnership></ownershipNature></derivativeSecurity>
<footnotes>
<footnote id="F1">Shares held pursuant to a Restricted Stock Plan, subject to forfeiture, with shares vesting at the rate of 6,000 on each of 6/22/04 and 6/22/05.</footnote>
<footnote id="F2">Shares held pursuant to a Restricted Stock Plan, subject to forfeiture, with shares vesting at the rate of 600 on each of 6/22/04 and 6/22/05.</footnote>
<footnote id="F3">Contract right to receive shares in the future.</footnote>
<footnote id="F4">No activity is being reported. The SEC staff has designated 8/8/88 as a &quot;dummy date.&quot; Information is included to disclose other holdings not affected by the reported transaction.</footnote></footnotes>
<ownerSignature>
<signatureName>Waynewright E. Malcolm</signatureName>
<signatureDate>2003-07-02</signatureDate></ownerSignature></ownershipDocument>


</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----