Jim Cramer’s Mad Money Recap: Everything He Said About McCormick, KB Home, and 3 Other Stocks

2. KB Home (NYSE:KBH)

KB Home (NYSE:KBH) is one of the stocks in the recent Mad Money recap of everything Jim Cramer said about his upcoming game plan. Cramer discussed the stock in light of the current housing market conditions, as he stated:

Tuesday, we hear from the beleaguered housing sector when KB Home, that’s a national builder, started in California, was kind of a regional, will tell us what I expect to be a tale of lukewarm sales because mortgage rates are just too high. This prelude to the spring selling season will be a reminder of how the home builders have stalled out here. The weakness in housing is a major reason why I believe the Fed should keep rate cuts on the table despite inflation caused by higher energy costs.

There simply aren’t enough transactions occurring, and home sales can play a big role in giving this economy the oomph it so desperately needs now. I know there’s a huge reshoring effort happening in the data center business…. We know from FedEx… quarter just last night, e-commerce is very strong, but housing punches above its weight in the economy, and we have very little building and almost, we have the fewest… It’s the worst home business market in 40 years. I’d like to hear KB Home offer a solution. I bet you they don’t have one.

KB Home (NYSE:KBH) builds and sells homes for various buyers and provides related financial services, including mortgage, insurance, and title services.