Lennar Corp., the second largest homebuilder in the U.S., announced today that in October model homes will be open for tours in five Central Iowa residential communities.
In May, the Miami, Fla.-based company confirmed to the Business Record that it was entering the Des Moines market. At the time, company officials declined to say in which communities they were building houses. However, subsequent real estate transactions showed that the homebuilder, which operates in 32 states, had bought residential lots in several Des Moines-area communities.
According to its website, the builder has lots in the residential communities of Cross Creek (West Des Moines), Deer Run (Mitchellville), Southbridge (Adel), Spring Creek Ridge North (Altoona) and Woodbury (northeast Des Moines). New homes are also under construction in Bondurant, Urbandale and Waukee.
The 1,592- to 2,262-square-foot homes will range in price from around $330,000 to around $426,000, according to Lennar’s website.
“Des Moines is one of the most compelling housing markets in the country right now — a growing economy, a strong job base and families who want a quality new home at an attainable price point,” Seth Moulton, division president of Lennar’s Iowa Division, said in a news release. “Opening five communities at once says everything about how committed we are to this market. We’re not dipping a toe in. We’re here to build.”
Moulton, with his brother Josh, owned Ankeny-based Classic Builders from 2006 until late 2018 when the company was sold to D.R. Horton, the country’s largest homebuilder. Moulton worked in a leadership role with D.R. Horton before joining Lennar.
Since entering the market, D.R. Horton has become the Des Moines area’s largest homebuilder, pulling nearly 25% of the building permits issued in 2025 for single-family homes and townhouses, data compiled by Home Builders Association of Iowa shows.
Both D.R. Horton and Lennar Corp. are publicly traded companies.
In a related development, Lennar Mortgage, Lennar Corp.’s in-house, affiliated lender, has also entered the Des Moines-area market, a news release said.
