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Investments in Unconsolidated Entities (Narrative) (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2024
USD ($)
project
Aug. 31, 2024
USD ($)
Nov. 30, 2023
USD ($)
project
Upward America Venture      
Schedule of Equity Method Investments [Line Items]      
Total equity commitments $ 1,000,000 $ 1,000,000  
Upward America Venture      
Schedule of Equity Method Investments [Line Items]      
Total equity commitments 78,100 78,100  
Lennar's carrying value of investments 20,500 20,500 $ 14,800
Homebuilding      
Schedule of Equity Method Investments [Line Items]      
Non-recourse debt with completion guarantees 292,300 292,300 316,500
Lennar's carrying value of investments [1] 1,309,622 1,309,622 1,143,909
Multifamily      
Schedule of Equity Method Investments [Line Items]      
Non-recourse debt with completion guarantees 904,200 904,200 $ 1,400,000
Multifamily | Lennar Multifamily Fund      
Schedule of Equity Method Investments [Line Items]      
Total equity commitments $ 1,000,000 $ 1,000,000  
Fund ownership percentage 4.00% 4.00%  
Lennar's carrying value of investments $ 25,700 $ 25,700  
Multifamily | LMV I      
Schedule of Equity Method Investments [Line Items]      
Total equity commitments 2,204,016 2,204,016  
Lennar's carrying value of investments 160,339 160,339  
Number of Projects | project     38
Proceeds from Sales of Assets, Investing Activities 147,300    
Gain (Loss) on Disposition of Assets $ 179,000    
Number Of Projects Sold | project 27    
Lennar Other | Rialto Funds and Investment Vehicles      
Schedule of Equity Method Investments [Line Items]      
Lennar's carrying value of investments $ 145,700 145,700 $ 148,700
Gain on sales of investment 46,500 46,500  
Lennar Other | Strategic Technology Investments      
Schedule of Equity Method Investments [Line Items]      
Lennar's carrying value of investments $ 205,500 $ 205,500 $ 127,500
[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, nor any of its subsidiaries, has any obligations.
As of August 31, 2024, total assets include $3.3 billion related to consolidated VIEs of which $68.8 million is included in Homebuilding cash and cash equivalents, $7.0 million in Homebuilding receivables, net, $6.7 million in Homebuilding finished homes and construction in progress, $625.1 million in Homebuilding land and land under development, $2.5 billion in Homebuilding consolidated inventory not owned, $67.3 million in Homebuilding deposits and pre-acquisition costs on real estate, $0.3 million in Homebuilding investments in unconsolidated entities, $41.0 million in Homebuilding other assets and $34.0 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.