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

OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response... 0.5

(Print or Type Responses)

1. Name and Address of Reporting Person * PEKOR ALLAN 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) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Vice President (Last) (First) (Middle) 700 NORTHWEST 107TH AVENUE 3. Date of Earliest Transaction (Month/Day/Year) 01/25/2005 (Street) MIAMI, FL 33172 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 01/25/2005   M   6,000 A $ 26.32 0 D   Class A Common Stock 01/25/2005   M   18,000 A $ 27.845 0 D   Class A Common Stock 01/25/2005   S   24,000 D $ 54.9308 30,142 D (1)   Class B Common Stock 01/25/2005   M   2,400 A $ 0 (2) 5,415 D (3)   Class A Common Stock               11,734 I By ESOP Trust Class B Common Stock               1,172 I By ESOP Trust Class A Common Stock               258 I By IRA Trust Class B Common Stock               24 I By IRA Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

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

Option (Right to Buy)

$ 26.32

01/25/2005

M

6,000

01/25/2005

01/25/2012

Class A Common Stock

6,000

$ 0

0

D

Option (Right to Buy)

$ 0 (2)

01/25/2005

M

600

01/25/2005

01/25/2012

Class B Common Stock

600

$ 0

0

D

Option (Right to Buy)

$ 27.845

01/25/2005

M

18,000

01/23/2005

01/23/2008

Class A Common Stock

18,000

$ 0

0

D

Option (Right to Buy)

$ 0 (2)

01/25/2005

M

1,800

01/23/2005

01/23/2008

Class B Common Stock

1,800

$ 0

0

D

Option (Right to Buy)

$ 0 (4)

08/08/1988(4)

08/08/1988(4)

Class A Common Stock

78,000

78,000

D

Option (Right to Buy)

$ 0 (4)

08/08/1988(4)

08/08/1988(4)

Class B Common Stock

7,800

7,800

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
PEKOR ALLAN J 700 NORTHWEST 107TH AVENUE MIAMI, FL 33172			Vice President

Signatures

Waynewright E. Malcolm as Attorney-In-Fact for Allan J. Pekor		01/27/2005
**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)	Includes 18,000 shares held pursuant to a Restricted Stock Plan, subject to forfeiture, vesting on 6/22/05.
(2)	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.
(3)	Includes 1,800 shares held pursuant to a Restricted Stock Plan, subject to forfeiture, vesting on 6/22/05.
(4)	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.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.