Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  Collins David M
 2. Date of Event Requiring Statement (Month/Day/Year)
02/21/2008		 3. Issuer Name and Ticker or Trading Symbol
LENNAR CORP /NEW/ [LEN,LEN.B]
(Last)
(First)
(Middle)
700 NW 107 AVE STE 400		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Controller
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

MIAMI, FL 33172		 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 Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Class A Common Stock 35,000
D
 
Class B Common Stock 999
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) 03/06/2005 03/06/2011 Class A Common Stock 2,100 $ 18.32 D  
Stock Option (Right to Buy) 01/25/2006 01/25/2012 Class A Common Stock 4,200 $ 26.32 D  
Stock Option (Right to Buy) 12/17/2007 12/17/2008 Class A Common Stock 9,000 $ 46.42 D  
Stock Option (Right to Buy) 12/16/2005(1) 12/16/2009 Class A Common Stock 7,500 $ 55 D  
Stock Option (Right to Buy) 01/05/2007(1) 01/05/2011 Class A Common Stock 7,500 $ 62.675 D  
Stock Option (Right to Acquire) 03/06/2005 03/06/2011 Class B Common Stock 210 (2) $ 0 D  
Stock Option (Right to Acquire) 01/25/2006 01/25/2012 Class B Common Stock 420 (2) $ 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Collins David M
700 NW 107 AVE STE 400
MIAMI, FL 33172		       Controller  

Signatures

David M. Collins 02/29/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) Stock options granted become exercisable in four annual installments. 10% of the stock options become exercisable on the first anniversary of the grant date and 30% of the stock options become exercisable on each of the next three anniversaries of the grant date.
(2) Represents shares of Class B Common Stock to be issued upon the exercise of certain options to purchase Class A Common Stock.

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