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The Sound You Hear Is Housing Hitting Bottom

By Jim Cramer

 About this article:
 The housing bottom is here. With the explosion in starts in the South and West, the two areas hardest hit, we now know that the inventories have gotten too low, and the homebuilders sense that we have come to an end of the long national housing nightmare. When you see that large a build as in these two areas and you see that housing permits are up for three straight months, you can't wait to sound the all-clear. The homebuilders certainly won't do it, as they are holding out for a bigger tax credit for homebuyers -- $15,000, and not just limited to first-time homebuyers. I can't tell you definitely that you won't get this, but I know that the president and the Treasury secretary don't want it, and they feel it is an unfair giveaway. I would not buy a single homebuilder on this news -- not...

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