Housing has bottomed, Cramer said Wednesday, adding that it could soon turn around.

To back his call, the “Mad Money” host pointed to a few positive signs. On its earnings conference call Wednesday, homebuilder Lennar reported a 20 percent increase in new orders and a 35 percent jump in its total backlog. In turn, its stock soared and pushed other homebuilder stocks higher, too, leading the Philadelphia Housing Index to break through a key technical level of $111.