I was the first person to move into a new Lennar neighborhood just outside of Austin, Tx. The first 6 months of living there, Clyde the salesman, would continually "pump" me to make sure my yard was picture perfect so the neighborhood would look nice as people drove in.
Now I'm a person who takes care of my yard anyway so this was not a big issue. The first three streets that were completed were all owner occupied and were really beginning to form a nice little, diverse neighborhood. Then disaster struck!!! The second builder pulled out of the neighborhood leaving the entire sub-division to Lennar.
Well Lennar loaded jet fuel into their builders, Clyde the salesman and the corporate jet and flew California investors in by the bus load (I mean that literally). By the time a new street was completed, 75% of the homes would have "For Rent" signs in front of them. Street after street Lennar did this until they finally shot themself in the foot. All of those "For Rent" home couldn't get rented so the California investors turned them into Section 8 Low-Income HUD Rentals. You can well imagine what the neighorhood turned into. It all but turned into a ward. Since sales were now plummeting for Lennar, they pulled out of the neighborhood and left us to live in their path of destruction. To this day, 7 years later, the value of my property has dropped by 25% based solely on the investors letting all of their houses go into foreclosure.
In addition to all of the above, there are a number of residents whose houses have foundations that have split completely in two including cabinetry falling off the walls, etc. and Lennar refuses to do anything about the issue. We've all told them to walk their house which will get the bank involved an then maybe, with the banks lawyers behind them, they can get Lennar to complete the 80+K worth of repairs required to fix the house.
Just my first and what will be my only experience with Lennar Homes.