There is a good combination of events brewing, which lead Jim Cramer to believe that the housing market is finally making a comeback.
Finally! The poor housing market has been one sad story. The group is represented by XHB, the home builder ETF, has been one of the worst performing sectors in the market. It's pretty pathetic.
"But now I see two signs that this group is about to join the bullish party: A thaw in lending, and lower gasoline prices," said the "Mad Money" host.
First, Fannie Mae is making it easier for banks to lend money. Woo hoo! It announced that it will be easing rules on mortgages. Yes, this could lead to higher defaults, but in Cramer's opinion, it could also be a huge positive for home builders.