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Housing Stocks Jump on Good News ... Every Time

By Jim Cramer

 About this article:
 Hilarious action? Every time we get a good housing number, the market immediately reaches for the same stocks: Masco , Black & Decker and Whirlpool . It doesn't matter what the good number is -- pending, new home, existing homes ... simply doesn't matter. This trade is a hallmark of this market. Do these deserve to go up each time we get good news on housing? Absolutely not. They discount the same form of news over and over again. It is as if someone thinks the numbers go up each time. Now, they have fallen from such heights that you begin to think they have to retrace their whole moves, in part because they have gotten much leaner and meaner. But I think the actual sheer numbers of homes being bought is not all that helpful to these, and they need big spikes in new home permits...

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