EXHIBIT 21 State of Incorporation ------------- Lennar Corporation Delaware Subsidiaries Adjustable Mortgage Finance Corp. Florida Ameristar Financial Services, Inc. California BCDC Corporation California Boca Greens, Inc. Florida Boca Isles Club, Inc. Florida Boca Isles South Club, Inc. Florida Bramalea California Properties, Inc. California Bramalea California Realty, Inc. California Bramalea California, Inc. California Bramalea Mortgage, Inc. California Club Pembroke Isles, Inc. Florida Colorado Asset Development Corporation Colorado DCA Acceptance Corp. Alabama DCA at Banyan Tree, Inc. Florida DCA at North Lauderdale, Inc. Florida DCA at Pembroke Pointe, Inc. Florida DCA at Wiggins Bay, Inc. Florida DCA Builder Issuer, Inc. Florida DCA CML Acceptance Corp. Florida DCA Financial Corp. Florida DCA General Contractors, Inc. Florida DCA Homes of Central Florida, Inc. Florida DCA of Broward County, Inc. Florida DCA of Fort Worth, Inc. Texas DCA of Hialeah, Inc. Florida DCA of Lake Worth, Inc. Florida DCA of New Jersey, Inc. New Jersey DCA of Texas, Inc. Texas DCA Oil of Texas, Inc. Texas DCA NJ Realty, Inc. New Jersey Devco Land Corporation Florida Dyeing & Finishing, Inc. Florida First Atlantic Building Corp. Florida Friendswood Land Development Company Texas Greystone Construction, Inc. Arizona Greystone Homes, Inc. Delaware Hillside, Inc. Florida Houston Village Builders, Inc. Florida Inactive Corporations, Inc. Florida Institutional Mortgages, Inc. Florida Kings Isle Recreation Corp. Florida Page 1 Kings Ridge Golf Corporation Florida Kings Ridge Recreation Corporation Florida Kings Wood Development Corporation Florida La Canada Holding Company California Lennar Communities Development, Inc. Delaware Lennar Financial Services, Inc. Florida Lennar Homes of Arizona, Inc. Arizona Lennar Homes of California, Inc. California Lennar Homes of Texas, Inc. Texas Lennar Homes, Inc. Florida Lennar Land Partners Sub, Inc. Delaware Lennar Management, Inc. California Lennar Realty, Inc. Florida Lennar Renaissance, Inc. California Lennar Sacramento, Inc. California Lennar San Jose Holdings, Inc. California Lennar Title Services, Inc. Florida Lentex Development Corporation Texas Lucerne Greens, Inc. Florida Lucerne Merged Condominiums, Inc. Florida M.A.P. Builders, Inc. Florida M.A.P. Vineyards of Plantation, Inc. Florida Marlborough Development Corporation Arizona Marlborough Development Corporation California Marlborough Financial Corporation California Marlborough Investment Corporation California Marlborough Mortgage Corporation California Midland Housing Industries California Midland Investment Corporation California Mission Viejo Holdings, Inc. California Monterey Village Development Corp. Florida Multi-Builder Acceptance Corp. Alabama NGMC Finance Corp. Florida NGMC Finance Corp., IV Florida North American Asset Development Corporation California North American Real Estate Services, Inc. California North American Title Agency of Arizona, Inc. Arizona North American Title Company California North American Title Company of Colorado Colorado North American Title Insurance Company California Quality Roof Truss Company Florida Rancho Summit LLC California Regency Title Company Texas Riviera Land Corp. Florida Satisfaction, Inc. Florida Silver Lakes-Gateway Clubhouse, Inc. Florida Page 2 State Home Acceptance Corp. Florida Stevenson Ranch Cable, Inc. California Strategic Holdings, Inc. Nevada Strategic Technologies, Inc. Florida Superior Realty & Marketing, Inc Florida TitleAmerica Insurance Corp. Florida UAMC Asset Corp. Nevada Universal American Finance Corp., I Florida Universal American Mortgage Company Florida Universal American Mortgage Company of California, Inc. California Universal Title Insurors, Inc. Florida W-B Homes, Inc. Florida West Venture California West Venture BFA Corporation California Page 3