Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
GROSS BRUCE E
   2. Issuer Name and Ticker or Trading Symbol
LENNAR CORP /NEW/ [LEN, LEN.B] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President & C.F.O.
(Last)
(First)
(Middle)
700 NORTHWEST 107TH AVENUE		 3. Date of Earliest Transaction (Month/Day/Year)
01/18/2005
(Street)

MIAMI, FL 33172		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 01/18/2005   M   50,000 A $ 9.08 0 D  
Class A Common Stock 01/18/2005   S   50,000 D $ 57.7385 46,317 D (1)  
Class B Common Stock 01/18/2005   M   5,000 A $ 0 (5) 12,060 D (2)  
Class A Common Stock               40,106 I By Trust
Class B Common Stock               4,290 I By Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class A Common Stock (3) $ 0             08/08/1988(4) 08/08/1988(4) Class A Common Stock 84,000   84,000 D  
Class B Common Stock (3) $ 0             08/08/1988(4) 08/08/1988(4) Class B Common Stock 8,400   8,400 D  
Option (Right to Buy) $ 9.08 01/18/2005   M     7,000 11/12/1999 11/12/2007 Class A Common Stock 7,000 $ 0 0 D  
Option (Right to Buy) $ 0 (5) 01/18/2005   M     700 11/12/1999 11/12/2007 Class B Common Stock 700 $ 0 0 D  
Option (Right to Buy) $ 9.08 01/18/2005   M     10,000 11/12/2000 11/12/2007 Class A Common Stock 10,000 $ 0 0 D  
Option (Right to Buy) $ 0 (5) 01/18/2005   M     1,000 11/12/2000 11/12/2007 Class B Common Stock 1,000 $ 0 0 D  
Option (Right to Buy) $ 9.08 01/18/2005   M     10,000 11/12/2001 11/12/2007 Class A Common Stock 10,000 $ 0 0 D  
Option (Right to Buy) $ 0 (5) 01/18/2005   M     1,000 11/12/2001 11/12/2007 Class B Common Stock 1,000 $ 0 0 D  
Option (Right to Buy) $ 9.08 01/18/2005   M     10,000 11/12/2002 11/12/2007 Class A Common Stock 10,000 $ 0 0 D  
Option (Right to Buy) $ 0 (5) 01/18/2005   M     1,000 11/12/2002 11/12/2007 Class B Common Stock 1,000 $ 0 0 D  
Option (Right to Buy) $ 9.08 01/18/2005   M     10,000 11/12/2003 11/12/2007 Class A Common Stock 10,000 $ 0 0 D  
Option (Right to Buy) $ 0 (5) 01/18/2005   M     1,000 11/12/2003 11/12/2007 Class B Common Stock 1,000 $ 0 0 D  
Option (Right to Buy) $ 9.08 01/18/2005   M     3,000 11/12/2004 11/12/2007 Class A Common Stock 3,000 $ 0 0 D  
Option (Right to Buy) $ 0 (5) 01/18/2005   M     300 11/12/2004 11/12/2007 Class B Common Stock 300 $ 0 0 D  
Option (Right to Buy) $ 0 (4)             08/08/1988(4) 08/08/1988(4) Class A Common Stock 326,348   326,348 D  
Option (Right to Buy) $ 0 (4)             08/08/1988(4) 08/08/1988(4) Class B Common Stock 17,634   17,634 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GROSS BRUCE E
700 NORTHWEST 107TH AVENUE
MIAMI, FL 33172		       Vice President & C.F.O.  

Signatures

 Bruce E. Gross   01/20/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Includes 36,000 shares held pursuant to a Restricted Stock Plan, subject to forfeiture, vesting on 6/22/05.
(2) Includes 3,600 shares held pursuant to a Restricted Stock Plan, subject to forfeiture, vesting on 6/22/05.
(3) Contractual right to receive shares in the future.
(4) No activity is being reported. The SEC staff has designated 8/8/88 as a "dummy date." Information is included to disclose holdings following the reported transactions or other holdings not affected by the reported transactions.
(5) The Class B Common Stock was issued as a result of anti-dilution provisions with regard to exercises of options that originally related to Class A Common Stock.

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