<SUBMISSION>
<ACCESSION-NUMBER>0001181431-04-004244
<TYPE>4
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20040121
<FILING-DATE>20040123
<ISSUER>
<COMPANY-DATA>
<CONFORMED-NAME>LENNAR CORP /NEW/
<CIK>0000920760
<ASSIGNED-SIC>1520
<IRS-NUMBER>954337490
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1130
</COMPANY-DATA>
<BUSINESS-ADDRESS>
<STREET1>700 NW 107TH AVENUE
<STREET2>SUITE 400
<CITY>MIAMI
<STATE>FL
<ZIP>33172
<PHONE>3055594000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>700 NW 107TH AVENUE
<STREET2>SUITE 400
<CITY>MIAMI
<STATE>FL
<ZIP>33172
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>PACIFIC GREYSTONE CORP /DE/
<DATE-CHANGED>19940323
</FORMER-COMPANY>
</ISSUER>
<REPORTING-OWNER>
<OWNER-DATA>
<CONFORMED-NAME>SHALALA DONNA E
<CIK>0001140422
</OWNER-DATA>
<FILING-VALUES>
<FORM-TYPE>4
<ACT>34
<FILE-NUMBER>001-11749
<FILM-NUMBER>04541612
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>GANNETT CO INC
<STREET2>7950 JONES BRANCH DRIVE
<CITY>MCLEAN
<STATE>VA
<ZIP>22107
<PHONE>7038546000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>1352 MEMORIAL DR
<STREET2>ASHE BLDG RM 230
<CITY>CORAL GABLE
<STATE>FL
<ZIP>33146
</MAIL-ADDRESS>
</REPORTING-OWNER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd30062.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2004-01-21</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000920760</issuerCik>
        <issuerName>LENNAR CORP /NEW/</issuerName>
        <issuerTradingSymbol>LEN, LEN.B</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001140422</rptOwnerCik>
            <rptOwnerName>SHALALA DONNA E</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1252 MEMORIAL DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2>ASHE BUILDING ROOM 230</rptOwnerStreet2>
            <rptOwnerCity>CORAL GABLES</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33124</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><derivativeTable><derivativeHolding><securityTitle><value>Option</value></securityTitle><conversionOrExercisePrice><value>0</value><footnoteId id="F1"/></conversionOrExercisePrice><exerciseDate><value>1988-08-08</value><footnoteId id="F1"/></exerciseDate><expirationDate><value>1988-08-08</value><footnoteId id="F1"/></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Class A Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>4000</value><footnoteId id="F2"/></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>4000</value><footnoteId id="F2"/></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Option</value></securityTitle><conversionOrExercisePrice><value>0</value><footnoteId id="F1"/></conversionOrExercisePrice><exerciseDate><value>1988-08-08</value><footnoteId id="F1"/></exerciseDate><expirationDate><value>1988-08-08</value><footnoteId id="F1"/></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Class B Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>400</value><footnoteId id="F2"/></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>400</value><footnoteId id="F2"/></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding></derivativeTable><footnotes><footnote id="F1">No activity is being reported.  The SEC staff has designated 8/8/1988 as a "dummy date."  Information is included to disclose holdings following the reported transactions or other holdings not affected by the reported transactions.</footnote><footnote id="F2">Adjusted for 2-for-1 stock split effective January 21, 2004.</footnote></footnotes><ownerSignature><signatureName>Benjamin P. Butterfield as Attorney-In-Fact for Donna Shalala</signatureName><signatureDate>2004-01-23</signatureDate></ownerSignature></ownershipDocument>



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</TEXT>
</DOCUMENT>
</SUBMISSION>
