Lennar, one of the nation's leading homebuilders, has announced the debut of Manhattan Square, a new gated master-planned community in Carson, California. The development is now pre-selling, offering 351 condominiums and townhomes with prices starting in the mid $700,000s. Located off Interstate 405 and Avalon Boulevard, the project aims to expand access to homeownership in the South Bay while contributing to the area's revitalization.

Manhattan Square features four home collections: Brixton, Chelsea, Madison and Ellison. These homes offer two to four bedrooms with open-concept layouts, ranging in size from 1,229 to 2,066 square feet. The community includes amenities such as a pool and curated common areas designed to foster connection and everyday living.

Every home at Manhattan Square includes Lennar's Everything's Included promise, which incorporates popular features and finishes into the base price. Standard features include stainless steel kitchen appliances, quartz countertops and Shaker-style cabinetry with soft-close hinges. The grand opening of the Ellison, Madison and Chelsea model homes is scheduled for Saturday, July 11 from 10 a.m. to 2 p.m. at the Manhattan Square Welcome Home Center.

"Manhattan Square represents an exciting new chapter for Carson — one that brings much-needed homeownership opportunities at exceptional price points to one of the South Bay's most connected and sought-after locations," said John Lavender, Division President of Lennar's California Coastal Division. He emphasized the rarity of attainable homeownership opportunities in Southern California and expressed excitement about bringing the project to Carson.

The community offers proximity to key destinations such as Dignity Health Sports Park, SouthBay Pavilion and nearby beaches including Redondo Beach and Hermosa Beach. With access to the 405 freeway, residents can commute to LAX and other parts of the South Bay. For more information, interested buyers can call 877-350-2892 or visit the community website.

Lennar Corp reported mixed second-quarter results for fiscal year 2026, prompting several analysts to revise their price targets. The homebuilder posted adjusted earnings of $1.31 per share, beating the Street consensus estimate of $1.25, while revenue of $7.94 billion missed the analyst estimate of $8.02 billion. CEO Stuart Miller attributed the performance to persistent headwinds including elevated mortgage rates and affordability challenges.

Analyst Revisions

Following the earnings announcement, multiple firms adjusted their outlooks on the stock. UBS analyst John Lovallo maintained a Neutral rating but lowered the price target to $94 from $107. Wells Fargo analyst Sam Reid maintained an Equal-Weight rating but lowered the price target to $85 from $90. Barclays analyst Matthew Bouley kept an Underweight rating and reduced the price target from $80 to $79. Conversely, Evercore ISI Group analyst Stephen Kim maintained an Underperform rating but raised the price target from $82 to $87. RBC Capital analyst Mike Dahl maintained an Underperform rating and lowered the price target from $88 to $85. JP Morgan analyst Michael Rehaut maintained an Underweight rating and lowered the price target from $80 to $77. B of A Securities analyst Rafe Jadrosich also maintained an Underperform rating and lowered the price target from $84 to $77.

Market Reaction

Lennar shares rose 1.5% to trade at $91.63 on Monday. The company continues to face market pressures from geopolitical uncertainty and resurgent inflation, which stood at 4.2% during the quarter driven by higher energy prices.