Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	May 31, 2012		Nov. 30, 2011
ASSETS
Cash and cash equivalents	$ 829,382		$ 1,163,604
Inventories:
Total assets	9,351,209	[1]	9,154,671	[1]
LIABILITIES AND EQUITY
Senior notes and other debts payable	3,469,616		3,362,759
Total liabilities	5,571,301	[2]	5,851,146	[2]
Stockholders' equity:
Preferred stock	0	[2]	0	[2]
Additional paid-in capital	2,363,870	[2]	2,341,079	[2]
Retained earnings	1,408,940	[2]	956,401	[2]
Treasury stock, at cost; May 31, 2012 - 11,702,017 Class A common shares and 1,679,620 Class B common shares; November 30, 2011 - 12,000,017 Class A common shares and 1,679,620 Class B common shares	(615,698)	[2]	(621,220)	[2]
Total stockholders' equity	3,177,378	[2]	2,696,468	[2]
Noncontrolling interests	602,530	[2]	607,057	[2]
Total equity	3,779,908	[2]	3,303,525	[2]
Total liabilities and equity	9,351,209	[2]	9,154,671	[2]
Lennar Homebuilding [Member]
ASSETS
Cash and cash equivalents	667,111	[1]	1,024,212	[1]
Restricted cash	8,630	[1]	8,590	[1]
Receivables, net	44,843	[1]	53,977	[1]
Inventories:
Finished homes and construction in progress	1,560,307	[1]	1,334,703	[1]
Land and land under development	2,872,782	[1]	2,636,510	[1]
Consolidated inventory not owned	366,209	[1]	389,322	[1]
Total inventories	4,799,298	[1]	4,360,535	[1]
Investments in unconsolidated entities	566,576	[1]	545,760	[1]
Other assets	886,508	[1]	524,694	[1]
Total assets	6,972,966	[1]	6,517,768	[1]
LIABILITIES AND EQUITY
Accounts payable	154,664	[2]	201,101	[2]
Liabilities related to consolidated inventory not owned	302,853	[2]	326,200	[2]
Senior notes and other debts payable	3,469,616	[2]	3,362,759	[2]
Other liabilities	601,132	[2]	602,231	[2]
Total liabilities	4,528,265	[2]	4,492,291	[2]
Rialto Investments [Member]
ASSETS
Cash and cash equivalents	92,959	[1]	83,938	[1]
Defeasance cash to retire notes payable	138,665	[1]	219,386	[1]
Inventories:
Loans receivable, net	578,375	[1]	713,354	[1]
Real estate owned, held-for-sale	113,115	[1]	143,677	[1]
Real estate owned, held-and-used, net	634,401	[1]	582,111	[1]
Investments in unconsolidated entities	150,733	[1]	124,712	[1]
Other assets	40,579	[1]	29,970	[1]
Total assets	1,748,827	[1],[3]	1,897,148	[1],[3]
LIABILITIES AND EQUITY
Senior notes and other debts payable	594,915	[2]	765,541	[2]
Other liabilities	17,683	[2]	30,579	[2]
Total liabilities	612,598	[2]	796,120	[2]
Lennar Financial Services [Member]
ASSETS
Cash and cash equivalents	69,312		55,454
Restricted cash	15,294		16,319
Receivables, net	125,268	[4]	220,546	[4]
Inventories:
Other assets	45,516	[5]	36,488	[5]
Total assets	629,416	[1]	739,755	[1]
LIABILITIES AND EQUITY
Other liabilities	166,966	[6]	152,601	[6]
Total liabilities	430,438	[2]	562,735	[2]
Class A Common Stock [Member]
Stockholders' equity:
Common stock	16,968	[2]	16,910	[2]
Total equity	16,968		16,910
Class B Common Stock [Member]
Stockholders' equity:
Common stock	3,298	[2]	3,298	[2]
Total equity	$ 3,298		$ 3,298

[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, or any of its subsidiaries, has any obligations.As of May 31, 2012, total assets include $2,136.9 million related to consolidated VIEs of which $17.1 million is included in Lennar Homebuilding cash and cash equivalents, $1.3 million in Lennar Homebuilding restricted cash, $6.9 million in Lennar Homebuilding receivables, net, $17.0 million in Lennar Homebuilding finished homes and construction in progress, $511.2 million in Lennar Homebuilding land and land under development, $65.5 million in Lennar Homebuilding consolidated inventory not owned, $43.8 million in Lennar Homebuilding investments in unconsolidated entities, $218.9 million in Lennar Homebuilding other assets, $92.3 million in Rialto Investments cash and cash equivalents, $138.7 million in Rialto Investments defeasance cash to retire notes payable, $464.1 million in Rialto Investments loans receivable, net, $91.0 million in Rialto Investments real estate owned, held-for-sale, $460.4 million in Rialto Investments real estate owned, held-and-used, net, $0.6 million in Rialto Investments in unconsolidated entities and $8.1 million in Rialto Investments other assets.As of November 30, 2011, total assets include $2,317.4 million related to consolidated VIEs of which $19.6 million is included in Lennar Homebuilding cash and cash equivalents, $5.3 million in Lennar Homebuilding receivables, net, $0.1 million in Lennar Homebuilding finished homes and construction in progress, $538.2 million in Lennar Homebuilding land and land under development, $71.6 million in Lennar Homebuilding consolidated inventory not owned, $43.4 million in Lennar Homebuilding investments in unconsolidated entities, $219.6 million in Lennar Homebuilding other assets, $80.0 million in Rialto Investments cash and cash equivalents, $219.4 million in Rialto Investments defeasance cash to retire notes payable, $565.6 million in Rialto Investments loans receivable, net, $115.4 million in Rialto Investments real estate owned, held-for-sale, $428.0 million in Rialto Investments real estate owned, held-and-used, net, $0.6 million in Rialto Investments in unconsolidated entities and $10.6 million in Rialto Investments other assets.

[2] As of May 31, 2012, total liabilities include $742.8 million related to consolidated VIEs as to which neither Lennar Corporation, nor any of its subsidiaries, has any obligations, of which $7.6 million is included in Lennar Homebuilding accounts payable, $36.7 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $171.9 million in Lennar Homebuilding senior notes and other debts payable, $35.3 million in Lennar Homebuilding other liabilities and $491.3 million in Rialto Investments notes payable and other liabilities.As of November 30, 2011, total liabilities include $902.3 million related to consolidated VIEs as to which neither Lennar Corporation, nor any of its subsidiaries, has any obligations of which $12.7 million is included in Lennar Homebuilding accounts payable, $43.6 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $175.3 million in Lennar Homebuilding senior notes and other debts payable, $16.7 million in Lennar Homebuilding other liabilities and $654.0 million in Rialto Investments notes payable and other liabilities.

[3] (1)Consists primarily of assets of consolidated VIEs (see Note 8).

[4] Receivables, net primarily relate to loans sold to investors for which the Company had not yet been paid as of May 31, 2012 and November 30, 2011, respectively.

[5] Other assets include mortgage loan commitments carried at fair value of $11.4 million and $4.2 million, respectively, as of May 31, 2012 and November 30, 2011

[6] Other liabilities include $78.3 million and $75.4 million, respectively, of certain of the Company’s self-insurance reserves related to general liability and workers’ compensation. Other liabilities also include forward contracts carried at fair value of $5.4 million and $1.4 million as of May 31, 2012 and November 30, 2011, respectively.