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Operating And Reporting Segments (Schedule of Segment Assets and Liabilities) (Details) - USD ($)
$ in Thousands
Nov. 30, 2024
Nov. 30, 2023
Nov. 30, 2022
Segment Reporting Information [Line Items]      
Assets [1] $ 41,312,781 $ 39,234,303  
Total liabilities [2] 13,291,556 12,532,337  
Equity Securities without Readily Determinable Fair Value, Amount 143,000 121,000  
Operating Segments      
Segment Reporting Information [Line Items]      
Cash and cash equivalents 4,909,664 6,474,497  
Restricted cash 80,546 96,441  
Receivables, net 1,652,558 1,696,205  
Inventory owned and consolidated inventory not owned 20,312,430 18,897,670  
Loans held-for-sale 2,250,718 2,086,809  
Investments in equity securities 347,810 297,243  
Loans held-for-investment, net 60,969 55,463  
Investments held-to-maturity 135,646 140,676  
Deposits and pre-acquisition costs on real estate 3,658,015 2,034,217  
Investments available-for-sale 40,578 37,953  
Investments in unconsolidated entities 2,227,574 2,020,005  
Goodwill 3,632,058 3,632,058  
Other assets 2,004,215 1,765,066  
Notes and other debts payable, net 4,189,239 4,984,028  
Liabilities related to consolidated inventory not owned 3,563,934 2,540,894  
Accounts payable and other liabilities 5,538,383 5,007,415  
Homebuilding      
Segment Reporting Information [Line Items]      
Cash and cash equivalents [1] 4,662,643 6,273,724  
Restricted cash [1] 11,799 13,481  
Receivables, net [1] 1,053,211 887,992  
Inventory owned and consolidated inventory not owned [1] 19,719,551 18,352,735  
Deposits and pre-acquisition costs on real estate 3,625,372 2,002,154  
Investments in unconsolidated entities [1] 1,344,836 1,143,909  
Goodwill 3,442,359 [1] 3,442,359  
Other assets [1] 1,734,698 1,512,038  
Assets [1] 35,594,469 33,628,392  
Notes and other debts payable, net [2] 2,258,283 2,816,482  
Liabilities related to consolidated inventory not owned [2] 3,563,934 2,540,894  
Total liabilities [2] 10,863,209 9,727,994  
Homebuilding | Operating Segments      
Segment Reporting Information [Line Items]      
Cash and cash equivalents 4,662,643 6,273,724 $ 4,616,124
Restricted cash 11,799 13,481 23,046
Receivables, net 1,053,211 887,992  
Inventory owned and consolidated inventory not owned 19,719,551 18,352,735  
Loans held-for-sale 0 0  
Investments in equity securities 0 0  
Loans held-for-investment, net 0 0  
Investments held-to-maturity 0 0  
Deposits and pre-acquisition costs on real estate 3,625,372 2,002,154  
Investments available-for-sale 0 0  
Investments in unconsolidated entities 1,344,836 1,143,909  
Goodwill 3,442,359 3,442,359  
Other assets 1,734,698 1,512,038  
Assets 35,594,469 33,628,392  
Notes and other debts payable, net 2,258,283 2,816,482  
Liabilities related to consolidated inventory not owned 3,563,934 2,540,894  
Accounts payable and other liabilities 5,040,992 4,370,618  
Total liabilities 10,863,209 9,727,994  
Financial Services      
Segment Reporting Information [Line Items]      
Assets [1] 3,516,550 3,566,546  
Total liabilities [2] 2,140,708 2,447,039  
Financial Services | Operating Segments      
Segment Reporting Information [Line Items]      
Cash and cash equivalents 175,382 159,491 139,378
Restricted cash 68,747 82,960 14,004
Receivables, net 545,752 716,071  
Inventory owned and consolidated inventory not owned 0 0  
Loans held-for-sale 2,250,718 2,086,809  
Investments in equity securities 0 0  
Loans held-for-investment, net 60,969 55,463  
Investments held-to-maturity 135,646 140,676  
Deposits and pre-acquisition costs on real estate 0 0  
Investments available-for-sale 0 0  
Investments in unconsolidated entities 0 0  
Goodwill 189,699 189,699  
Other assets 89,637 135,377  
Assets 3,516,550 3,566,546  
Notes and other debts payable, net 1,930,956 2,163,805  
Liabilities related to consolidated inventory not owned 0 0  
Accounts payable and other liabilities 209,752 283,234  
Total liabilities 2,140,708 2,447,039  
Multifamily      
Segment Reporting Information [Line Items]      
Assets [1] 1,306,818 1,381,513  
Total liabilities [2] 181,883 278,177  
Multifamily | Operating Segments      
Segment Reporting Information [Line Items]      
Cash and cash equivalents 30,948 39,334 17,827
Restricted cash 0 0  
Receivables, net 53,595 92,142  
Inventory owned and consolidated inventory not owned 592,879 544,935  
Loans held-for-sale 0 0  
Investments in equity securities 0 0  
Loans held-for-investment, net 0 0  
Investments held-to-maturity 0 0  
Deposits and pre-acquisition costs on real estate 32,643 32,063  
Investments available-for-sale 0 0  
Investments in unconsolidated entities 503,303 599,852  
Goodwill 0 0  
Other assets 93,450 73,187  
Assets 1,306,818 1,381,513  
Notes and other debts payable, net 0 3,741  
Liabilities related to consolidated inventory not owned 0 0  
Accounts payable and other liabilities 181,883 274,436  
Total liabilities 181,883 278,177  
Lennar Other      
Segment Reporting Information [Line Items]      
Investments available-for-sale 40,600 38,000  
Assets [1] 894,944 657,852  
Total liabilities [2] 105,756 79,127  
Lennar Other | Operating Segments      
Segment Reporting Information [Line Items]      
Cash and cash equivalents 40,691 1,948 $ 5,391
Restricted cash 0 0  
Receivables, net 0 0  
Inventory owned and consolidated inventory not owned 0 0  
Loans held-for-sale 0 0  
Investments in equity securities 347,810 297,243  
Loans held-for-investment, net 0 0  
Investments held-to-maturity 0 0  
Deposits and pre-acquisition costs on real estate 0 0  
Investments available-for-sale 40,578 37,953  
Investments in unconsolidated entities 379,435 276,244  
Goodwill 0 0  
Other assets 86,430 44,464  
Assets 894,944 657,852  
Notes and other debts payable, net 0 0  
Liabilities related to consolidated inventory not owned 0 0  
Accounts payable and other liabilities 105,756 79,127  
Total liabilities $ 105,756 $ 79,127  
[1] Under certain provisions of Accounting Standards Codification ("ASC") Topic 810, Consolidations, ("ASC 810") the Company is required to separately disclose on its consolidated balance sheets the assets of consolidated variable interest entities ("VIEs") that are owned by the consolidated VIEs and liabilities of consolidated VIEs as to which there is no recourse against the Company.
As of November 30, 2024, total assets include $3.7 billion related to consolidated VIEs of which $67.0 million is included in Homebuilding cash and cash equivalents, $6.0 million in Homebuilding receivables, net, $9.7 million in Homebuilding finished homes and construction in progress, $602.9 million in Homebuilding land and land under development, $2.8 billion in Homebuilding consolidated inventory not owned, $71.8 million in Homebuilding deposits and pre-acquisition costs on real estate, $0.3 million in Homebuilding investments in unconsolidated entities, $42.3 million in Homebuilding other assets and $33.9 million in Multifamily assets.
As of November 30, 2023, total assets include $1.9 billion related to consolidated VIEs of which $22.8 million is included in Homebuilding cash and cash equivalents, $1.8 million in Homebuilding receivables, net, $18.3 million in Homebuilding finished homes and construction in progress, $628.0 million in Homebuilding land and land under development, $1.2 billion in Homebuilding consolidated inventory not owned, $55.0 million in Homebuilding deposits and pre-acquisition costs on real estate, $0.3 million in Homebuilding investments in unconsolidated entities, $23.0 million in Homebuilding other assets and $32.6 million in Multifamily assets.
[2] As of November 30, 2024, total liabilities include $2.7 billion related to consolidated VIEs as to which there was no recourse against the Company, of which $67.3 million is included in Homebuilding accounts payable, $2.6 billion in Homebuilding liabilities related to consolidated inventory not owned, $6.0 million in Homebuilding senior notes and other debts payable, net, $45.8 million in Homebuilding other liabilities and $1.0 million in Multifamily liabilities.
As of November 30, 2023, total liabilities include $1.2 billion related to consolidated VIEs as to which there was no recourse against the Company, of which $53.7 million is included in Homebuilding accounts payable, $1.1 billion in Homebuilding liabilities related to consolidated inventory not owned, $38.1 million in Homebuilding other liabilities and $4.1 million in Multifamily liabilities.