Jim Cramer Discusses D.R. Horton and Hopes for Rate Cuts

D.R. Horton, Inc. (NYSE:RTX) was one of the stocks on Jim Cramer’s recent Mad Money game plan. Presenting a scenario in which interest rates come down, Cramer said:

My hope post-war is that interest rates come down. The new Kevin Warsh-led Federal Reserve cuts rates, and housing explodes. If that happens, D.R. Horton stock will react well. It’s the low-priced home builder. Let’s see how they’re doing ahead of that.

Photo by Adam Nowakowski on Unsplash

D.R. Horton, Inc. (NYSE:DHI) builds and sells single-family and multi-family homes across the U.S. During his previous game plan that he laid out on January 16, Cramer said:

D.R. Horton, the giant home builder, puts its numbers up. And so far, the home builders, look, to call them disappointing is too positive. That’s the bad news, though. The good news is that we’re beginning to see green shoots in the housing sector. Pricing has come down. Mortgage rates have come down. There’s even talk about allowing you to use your 401K to buy a home without paying any kind of penalty. Alright, that’s up to the president. We’ll see how serious he is about this potentially groundbreaking plan. It would certainly send the stock of D.R. Horton much higher, along with the rest of the home builders.

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