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Cramer: Housing just made the breakout move I've been waiting for

When Jim Cramer listened to the Toll Brothers conference call this week, he came to the stunning conclusion that new buyers should act fast if they want to buy a house.

"I have been listening to Bob Toll's conference calls ever since they started having them, and he hasn't been this succinctly positive in ages," the "Mad Money" host said.

Cramer thinks this particular bullish statement from Chairman Bob Toll sent the stock soaring: "You've got 4.7 months of inventory, but that is the current pace ... What is going to happen is that it is going to be expensive, and I'm not predicting that that's coming on us, but it could be a spur to new housing sales."





A worker nails siding on a house under construction in Livermore, California.
David Paul Morris | Bloomberg | Getty Images
A worker nails siding on a house under construction in Livermore, California.
"This truly was the breakout conference call that many of us were waiting for." -Jim Cramer

Additionally, Toll stated that he thinks higher interest rates could have a positive, not a negative difference as it could spur further action in housing.

The one thing that everyone is dreading may just be the thing that drives housing higher.

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"This truly was the breakout conference call that many of us were waiting for," Cramer said.

The housing market has fooled investors many times before, which has made Cramer cautious of the group.

But this time is different. This time there is a limited supply, excellent demand, costs under control and not many soft areas in the U.S.

"I think the time is finally right to buy Toll Brothers, even after its amazing move over the past two days," Cramer said.

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