But what investors have not been able to figure out is how to profit on the country's robust home sales beyond these two home improvement retailers.
"We have been so worried about the darned Fed, so scared of our own shadows, that we have allowed stocks to creep up that now seem certain to bust out, despite the Fed, and despite what some would regard as tepid demand for new homes," the "Mad Money" host said. (Tweet This)
Sometimes the data can be confusing, though. If someone asked Cramer what the strongest category would be for Home Depot and Lowe's, he would say appliances. But it is so hard to make money in that category, it is painful.
That is why Cramer chose his stock picks from the second best category; anything that involves remodeling or reconstruction.
"That is where you have to go if you want to play the pin action from Lowe's and Home Depot," Cramer said.
As a disclaimer, Cramer does recognize that the four names he chose are ridiculously high. But that does not mean investors have missed the move. He thinks they can still go higher.
Read more from Mad Money with Jim Cramer
Cramer's selections that were the most investible were Stanley Black & Decker, Fortune Brands Home & Security, Masco and Masonite.
These four stocks are surfing a high-single-digit to low-double-digit wave of growth that could accelerate going into 2016.
"I simply don't think you're too late to this party. Notice I didn't say early, that is not possible. These stocks have had big moves, but not so big that you can't buy them up here," Cramer added.
Cramer's approach to buying these stocks is to wait until the glow of Home Depot and Lowe's terrific quarters starts to die down. In one week from now, investors will be fretting over the upcoming employment report and will have forgotten about these earnings.
That is when investors should pounce on Cramer's selections, because their scarcity value will trump their stretched valuations.