As the U.S. reaches peak planting season, Jim Cramer is not only thinking about his own garden but he's also thinking about stocks such as Home Depot and Lowe's, and the impact on their businesses from rising interest rates.
Peak planting season for these two companies is the equivalent of Christmas holiday season for sales. Home Depot brought on 70,000 new associates just for this time period, as the warm weather and sunshine inspire Americans to start planting, seeding, fencing and fertilizing. In fact, Home Depot refers to the second weekend in April as "spring black Friday" to note the kickoff of garden season.
It is also the time of year when consumers begin to renovate their homes after a long winter, which explains the 5 percent appreciation of homes in March, according to the Case Shiller index.
Now, Cramer is beginning to hear rumors that if the Fed were to raise rates, buyers will come out of the woodwork to buy even more homes so that they can get in on low mortgage rates.
"I could not disagree more. I think that this nascent housing boom would be threatened instantly by any rate hike. In fact, housing is the industry I am most worried about if the Fed raises rates," the "Mad Money" host said. (Tweet This)
So, while there may be stories that homes are appreciating rapidly, Cramer doesn't think the solution to that problem is to raise interest rates. Rather, it could be simply aided by building more homes.
"The Fed members who constantly blather about when and how much rates need to be raised should stop the clock, stay close to the data, take time to smell the newly planted roses and, for heaven's sake, shut up!" Cramer said.