The shares closed at $88.45 as the S&P 500 rose 0.29% to 7,230.12 and the Dow Jones Industrial Average fell 0.31% to 49,499.27.
Lennar still beat rival D.R. Horton, whose stock dropped 2.52% to $149.98 in Friday trading.
The stock remains 38.68% below its 52-week high of $144.24 reached on 5 September, while trading volume of 2.2 million was below its 50-day average of 3.1 million.
With builders offering steep incentives, are they sacrificing future profits for today's sales?
As builders pull back from high-risk areas like Florida, where will future housing growth actually occur?
Can new housing policies truly fix the affordability crisis without addressing rising insurance and tax costs?