Lennar Co-CEO Jonathan Jaffe Announces Retirement After 42-Year Tenure

Jonathan Jaffe's Remarkable Journey at Lennar

Lennar Corporation, one of the top homebuilders in the United States, has recently announced the retirement of its Co-Chief Executive Officer, Jonathan Jaffe, effective December 31, 2025. This decision marks the end of an illustrious 42-year career with the company, during which Jaffe ascended from an assistant superintendent in Tampa to the Co-CEO and President of a national giant in the housing industry.

Jon Jaffe's journey with Lennar began in 1983, a time when the company was still carving its niche in the home building sector. With relentless dedication and commitment, Jaffe played an instrumental role in the company's evolution, demonstrating a keen focus on operational excellence and strategic growth throughout his tenure. Under his stewardship, Lennar achieved significant milestones, including its national expansion and integration of landmark acquisitions, particularly in California.

Before his retirement, Jaffe's contributions to Lennar included guiding the company through myriad challenges, from natural disasters like Hurricane Andrew to economic downturns such as the Great Recession. His ability to navigate these trials with resilience set a precedent for future leaders within the organization.

Stuart Miller, who continues as Executive Chairman and Chief Executive Officer, acknowledged Jaffe's impact, stating, "Jon has been a driving force behind Lennar's success. His dedication has shaped our company into what it is today." Miller emphasized that Jaffe's retirement comes at a crucial time when Lennar aims to revamp its organizational and cost structure to make homeownership more attainable.

In Jaffe's own words, he expressed gratitude for the longstanding opportunity to work alongside talented individuals who contributed to Lennar's stature as one of the leading builders in the nation. "I'm proud of all we've accomplished together and grateful for the opportunity to have played a part in that success," he said, highlighting the need to streamline leadership and improve the management structure as market conditions shift.

This transition opens a new chapter for Lennar as it evolves into a more efficient, tech-driven enterprise, committed to fostering a healthier housing market and enhancing home affordability for families across the country. The organization is poised to embrace new technologies and innovative approaches to meet the demands of the modern housing landscape.

As Lennar prepares for this significant leadership change, Jaffe's legacy will undoubtedly serve as a foundation for future transformations as the company prioritizes sustainability and operational effectiveness to achieve its mission of meeting housing needs and helping families realize their dreams of homeownership.

With a firm footing and a clear vision, the company is ready to embark on its next phase of growth, driven by Jaffe's enduring influence and commitment to excellence in the homebuilding industry.

About Lennar Corporation

Founded in 1954, Lennar Corporation has established itself as a premier builder of quality homes for all generations. Primarily known for constructing affordable, move-up, and active adult homes, Lennar is dedicated to delivering exceptional living experiences for homebuyers across the United States. The company's financial services segment enables seamless mortgage financing and closing services, while its multifamily segment focuses on developing high-quality rental properties nationwide. Lennar continues to drive innovation through its LENX division, aligning with its goals of technological advancement and strategic investment.