Key Takeaways Lennar's ASP fell 6.7% in fiscal 2025 as incentives weighed on margins, now at 18%.D.R. Horton invests $2.2B in land and lots, boosting reach but trimming margins to 22.1%.DHI shows stronger stock momentum and trades at a discounted valuation compared to LEN.Homebuilding companies with operations spanning the United States, such as Lennar Corporation (LEN) and D.R. Horton, Inc. (DHI) , have been under pressure from the housing market for some time now. Although mortgage rates have decreased ov ...