Lennar Corporation is one of the largest homebuilders in the United States, constructing single-family homes across a wide range of markets and price points, from entry-level to move-up and luxury homes. The company has increasingly emphasized a land-light strategy in recent years, using land banking arrangements and joint ventures to control land for future development without tying up as much capital directly in land ownership as homebuilders traditionally have. Homebuilding is closely tied to mortgage rates and housing affordability, since higher borrowing costs directly reduce how many buyers can afford a new home at a given price point, making interest rate movements a significant driver of demand. Lennar also operates a financial services segment that provides mortgage financing and title insurance to homebuyers, giving it an additional revenue stream tied directly to the home sales its core homebuilding business generates.