Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

MAD MONEY FEATURES

Podcasts PODCASTS
Watch the Lightning Round whenever and wherever you want.




Widget OFFICIAL MAD MONEY WIDGET
Grab this all-in-one application and get recaps of the show sent right to your desktop or blog.




Soundboard CRAMERS SOUNDBOARD
Admit it: You've always wanted to hit the "They
know nothing!" button. Here’s your chance.




Mad Money PhotosCHECK OUT OUR PHOTOS
Check out Cramer on set, back to school, behind the scenes and more.




ShopSHOP FOR MAD MERCHANDISE
Buy Cramer books, bobbleheads and other Mad Money merchandise.




Ringtones RING TONES
Pick up the phone! It's Cramer! New Mad Money sounds for your cell phone.




Mobile AlertTEXT MESSAGE ALERT
Mad Money's mobile. Get show highlights sent to your phone.







Text Size
Apr.08
3:53 PM ET
Wednesday, 8 Apr 2009
Who Gets Next Bid In Housing Sector?

Pulte Homes [PHM  Loading...      ()   ] and Centex [CTX  Loading...      ()   ] announced their merger on Monday, sparking what Cramer said should be a spate of consolidation in the homebuilders. Given the hit these companies have taken over the past 18 months, he had predicted it was just a matter of time before the stronger firms started taking over their weaker peers.

“We’ve been waiting for this for so long,” he said, adding that “there can never be a real bottom until we see fewer players.”

Cramer had been saying on Mad Money that June 30 would mark an end to falling home prices and a bottom in that sector. But key initiatives from the federal government to keep mortgage rates low and help ailing banks should bring that bottom even sooner. The consolidation will also play its part. Cramer wondered if KB Homes [KBH  Loading...      ()   ] would be the next company to be bought out.

Elsewhere in the market, the common wisdom about drinking through a recession doesn’t seem to be holding up during this downturn. Rob Sands, chairman and CEO of booze maker Constellation Brands [STZ  Loading...      ()   ], made statements during a “Street Signs” interview that had Cramer worried about the U.S. economic outlook.

Be sure to watch Mad Money’s special 1,000th episode show Wednesday on CNBC at 6 & 11PM ET. NYSE Euronext's [NYX  Loading...      ()   ] Duncan Niederauer is just one of the anticipated highlights.





Questions for Cramer?

Questions, comments, suggestions for the Mad Money website?

© 2009 CNBC, Inc. All Rights Reserved

Tools:
PrintEmailAdd This share icon
Next Post
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 12:56:53 25 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 10:38:03 25 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 11:10:58 25 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 10:38:03 25 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters