Rallies in the Philadelphia Housing Index and gold are real tells of what’s going on, he said.
“Lately we’ve seen some pronounced positives in the housing arena, including numbers today showing a 1.82 percent jump in U.S. home values, the biggest gain since 2005, when the housing boom was raging,” he said.
“Plus, yesterday Toll Brothers said that almost every single area in this country was strong, something confirmed today by the Federal Housing Finance Agency’s figures. Incredibly, the federal survey showed that the biggest gainers were in hard hit areas like Arizona and Nevada. Nevada? That’s been ground zero for no recovery.” (Read More: Builder Stocks With Big Potential: Pro)
Cramer said that Zillow’s estimation of 400,000 homes newly in the black was especially significant.