Lennar Corp (LEN)

GAMCO Investors, Inc. (“GAMCO”) (OTCQX: GAMI), on behalf of its clients and certain affiliates, collectively owns approximately 1,719,782 shares of Lennar Corporation (“Lennar”) Class B Common Stock, representing 5.5% of the 31,217,013 outstanding Class B shares. On October 10, 2025, GAMCO sent a letter to the Board of Directors of Lennar, as follows:

With interest rates expected to continue to fall, homebuilder stocks are on the rise; Cavco is a smaller firm that is nonetheless positioned to benefit.

Lennar had a solid quarter, producing sufficient cash flow to improve the balance sheet while reducing the share count and paying dividends.

Toll Brothers posted better-than-expected adjusted earnings per share in its latest release. The firm faces multiple headwinds and tailwinds.

The FOMC is on track to cut rates at least once this year, invigorating small, mid-caps, and businesses with exposure to consumer credit.

Declining inflation is creating compelling investment opportunities in the recovering homebuilding sector.

West Fraser Timber Co. is now the best choice for investors to get over 60% upside in the new housing demand cycle, standing above peers in all factors

The homebuilder's sector, represented by the XHB ETF, shows signs of a potential pullback as it hovers near critical support levels.

Top homebuilders navigate a volatile market with strategic adjustments to affordability, efficiency, and land management.

Lennar is in a good position to continue paying its healthy dividend and aggressively reduce its share count to build value for investors.

Demand for new homes rises amidst inventory shortage, while the sector's ETF shows bullish consolidation near its 52-week high, signaling a potential breakout.

Dividend stocks, which lagged in 2023, may rebound in 2024, analysts say. Lennar, Plains All American, TD Synnex, and Alamo Group recently boosted dividends.

The coming pivots in the U.S. economy are proposing a solution for the current real estate bottleneck, with new inventory there will be one stock to benefit

The homebuilders sustain robust cash flow and Lennar is among the best, lowering debt while building cash, buying back shares and paying dividends.

Is the FED really going to pivot? Even if they don't, congress is coming in to support the stuck housing market, one that has named Lennar its king

The construction sector is not done yet, and Buffett is only getting started. The dynamics seen today point to much higher ceilings for THESE select stocks

While the S&P 500 index has managed to tack on a respectable 20% this year, shares of Pennsylvania headquartered Toll Brothers have rallied more than 80%. 

Morgan Stanley predicts home prices may drop, but builder stocks, including PulteGroup and Toll Brothers, have defied expectations with a November surge

The housing market is playing with fire after experiencing a couple of boom years, one industry will be the answer to fix it all, will you participate?

You can join Buffett in his bullish view on construction, though playing one step up the value chain through these two construction materials stocks

September showed a rise in home construction, but overall housing starts lagged forecasts. Rising mortgage rates hurt affordability and builder confidence.

KB Homes is another cash-producing machine buying back shares, paying dividends, building cash, and increasing its book value and discount

Lennar continues to outpace the consensus estimates and is guiding for strength that suggests growth will return in Q4 or early in 2024.

The home builders are on track to set new highs this year and next as pent-up demand and market conditions sustain business and drive cash flow.

Buffett's Berkshire Hathaway made significant investments in three U.S. homebuilding companies in the second quarter, showing interest in the housing market.