Cramer is convinced that the housing turnaround is a thesis that demands attention. "Affordability for homes has skyrocketed. Rates remain ridiculously low. The inventory of unsold homes has come down sharply and pricing is moving up," he said.
Although the cliff will likely send shares of all home builders tumbling, Toll is on Cramer's radar because in early December Toll said it's seeing pent-up demand explode.
That is, people who put off moving and perhaps starting a family just don't want to wait any longer. By the numbers, Toll's net signed contracts jumped 70 percent to 1,098 units in the fourth quarter ended October. Backlog climbed 54 percent, while cancellations dropped to an all-time low.