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 *
STRUDLER ROBERT J
   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)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman of the Board
(Last)
(First)
(Middle)
10707 CLAY ROAD		 3. Date of Earliest Transaction (Month/Day/Year)
01/09/2006
(Street)

HOUSTON, TX 77041		 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 01/09/2006   M   6,000 A $ 18.32 0 D  
Class A Common Stock 01/09/2006   M   6,000 A $ 26.32 0 D  
Class A Common Stock 01/09/2006   M   60,000 A $ 46.42 0 D  
Class A Common Stock 01/09/2006   S   72,000 D $ 65.385 48,052 D  
Class B Common Stock 01/09/2006   M   600 A $ 0 (3) 0 D  
Class B Common Stock 01/09/2006   M   600 A $ 0 (3) 10,400 D  
Class A Common Stock               298 I By Trust
Class B Common Stock               28 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 (1) $ 0             08/08/1988(2) 08/08/1988(2) Class A Common Stock 70,000   70,000 D  
Class B Common Stock (1) $ 0             08/08/1988(2) 08/08/1988(2) Class B Common Stock 7,000   7,000 D  
Option (Right to Buy) $ 18.32 01/09/2006   M     6,000 03/06/2002(4) 03/06/2011 Class A Common Stock 6,000 $ 0 0 D  
Option (Right to Buy) $ 26.32 01/09/2006   M     6,000 01/25/2003(4) 01/25/2012 Class A Common Stock 6,000 $ 0 0 D  
Option (Right to Buy) $ 46.42 01/09/2006   M     60,000 12/17/2004(4) 12/17/2008 Class A Common Stock 60,000 $ 0 0 D  
Option (Right to Buy) $ 0             08/08/1988(2) 08/08/1988(2) Class A Common Stock 186,000   186,000 D  
Option (Right to Buy) $ 0 (3) 01/09/2006   M     600 03/06/2002 03/06/2011 Class B Common Stock 600 $ 0 0 D  
Option (Right to Buy) $ 0 (3) 01/09/2006   M     600 01/25/2003 01/25/2012 Class B Common Stock 600 $ 0 0 D  
Option (Right to Buy) $ 0             08/08/1988 08/08/1988 Class B Common Stock 6,600   6,600 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
STRUDLER ROBERT J
10707 CLAY ROAD
HOUSTON, TX 77041		   X     Chairman of the Board  

Signatures

 Robert J. Strudler   01/11/2006
**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) Contractual right to receive shares in the future.
(2) 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.
(3) 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.
(4) These stock options vest in four annual installments beginning on the date indicated. 10% of the stock options granted become exercisable on the first anniversary of the grant date and 30% of the stock options granted become exercisable on each of the next three anniversaries of the grant date.

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