What Makes Lennar Stock A Buy Today?

Buying a homebuilder while interest rates are testing what buyers can afford can feel like stepping in too early. Lennar (LEN) stock has lost 41% over the past twelve months, while the S&P 500 returned about 16%. Yet the company still earns a profit, and management says its thinner margins are a deliberate choice. So why would a homebuilder choose to earn less on every home it sells.