LEN (Lennar) Construction In Progress: $6,825 Mil (As of Feb. 2026)


LEN Lennar Corp LEN
75 GF Score
Price $93.86
GF Value $126.26
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Lennar Construction In Progress?

Lennar LEN +0.98% 75 Construction In Progress is $6,825 Mil as of Feb. 2026. GuruFocus rates LEN with a GF Score™ of 75/100 and a GF Value™ of $126.26 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Lennar's quarterly construction in progress increased from Aug. 2025 ($15 Mil) to Nov. 2025 ($6,399 Mil) and increased from Nov. 2025 ($6,399 Mil) to Feb. 2026 ($6,825 Mil).

Lennar's annual construction in progress increased from Nov. 2023 ($2,034 Mil) to Nov. 2024 ($3,658 Mil) and increased from Nov. 2024 ($3,658 Mil) to Nov. 2025 ($6,399 Mil).

Lennar Construction In Progress Historical Data

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The historical data trend for Lennar's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Lennar Construction In Progress Chart

Lennar Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 1,762.55 2,034.22 3,658.02 6,398.73

Lennar Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.97 15.43 6,398.73 6,824.95 7,061.94
LEN
75GF Score
Lennar Corp LEN
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Lennar Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $6,825 Mil mean?
Lennar (LEN) has a Construction In Progress of $6,825 Mil as of Feb. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Lennar and its competitors.
Is Lennar's Construction In Progress too high?
Lennar's current Construction In Progress is $6,825 Mil. Overall, Lennar has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lennar's Construction In Progress compare to PHM and NVR?
Lennar's Construction In Progress of $6,825 Mil can be compared against companies in the Homebuilding & Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Homebuilding & Construction company?
A good Construction In Progress depends on the Homebuilding & Construction industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Lennar and its competitors. Lennar's current Construction In Progress is $6,825 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lennar stock overvalued right now?
Based on GuruFocus' analysis, Lennar (LEN) is currently considered Modestly Undervalued. The stock's GF Value™ is $126.26, compared to a current price of $93.86 — trading 25.7% below its estimated fair value. The current Construction In Progress is $6,825 Mil. Lennar's overall GF Score™ is 75/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Lennar (LEN), the current Construction In Progress is $6,825 Mil as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Lennar (LEN) Overvalued in 2026?

Based on GuruFocus' analysis, Lennar stock appears to be undervalued. The current stock price of $93.86 is trading 25.7% below its estimated GF Value™ of $126.26. GuruFocus considers Lennar to be Modestly Undervalued.

Key valuation signals for LEN:

  • Construction In Progress: $6,825 Mil
  • GF Value™: $126.26 vs. price of $93.86 (25.7% below fair value)
  • GF Score™: 75/100 with 6 warning signs

No single metric tells the full story. See the LEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Lennar Business Description

Address 5505 Waterford District Drive, Miami, FL, USA, 33126
Lennar is the second-largest public homebuilder in the United States, behind D.R. Horton, operating in 26 states. The company's homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar's financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily construction and has invested in numerous housing-related technology startups.
75GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$93.86
Price
$126.26
GF Value