Jim Cramer: Housing data show we’ve ‘finally, finally, finally recovered’ from the Great Recession

Written by Posted On Monday, 20 January 2020 23:08

New housing data is “not a sign that we’re headed for another recession, for heaven’s sake. It’s a sign that we’re finally, finally, finally recovered from the last one,” CNBC’s Jim Cramer says.

“Don’t try to overthink this economy, people. Good news is actually good news, not a sign that things have gotten overheated and the end is nigh,” the “Mad Money” host says.

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Housing data shows we’ve ‘finally recovered’ from the Great Recession

The rate of home construction in the United States has reached numbers not seen in more than a dozen years, and CNBC’s Jim Cramer thinks it’s an indication that the market has fully recovered.

“I don’t know a soul who noted that it was good news because housing punches above its weight. The strength will benefit not just the homebuilders and the banks, but also the retailers ... [and] the housing-related service economy,” the “Mad Money” host said. “It’s not a sign that we’re headed for another recession, for heaven’s sake. It’s a sign that we’re finally, finally, finally recovered from the last one.”


Housing starts and permits for future construction in November rose to more than a 12-year high, according to the Commerce Department. The figure came in at 1.365 million units, which was above the 1.345 million units that economists had predicted for the month. Building permits came in at 1.482 million units, its highest level since May 2007.

During the nearly 13-month period, Cramer noted, the U.S. population grew by about 28 million to 329 million people.

″[You’d] expect more homebuilding, but the housing permit numbers are merely back to where they were” in 2007,” he said, “after a prolonged period of relatively little new building. I mean, that’s pathetic considering our population growth.”

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Megan Carl

Megan grew up in Los Angeles city and graduated with a degree in Court and Conference Reporting.  She currently resides in Boynton Beach with her husband Richard and two dogs.  Prior to her 13-year-plus Real Estate tenure, she was a court reporter in the New York City metropolitan area. 

Megan has personally built two homes from the ground up - one in Boca Raton and one in Delray Beach - helping to supervise all phases of construction, as well as decorating and renovating other homes.  I have owned four homes in the 22 years I have been in Florida - two in Boca, one in Delray and one in Boynton, along with three rentals in between.  My understanding of the real estate market in Boca, Delray, Highland Beach and Boynton Beach is extensive.  I help to ease the stress of the home-buying experience for my clients.  I am available 24/7 to aid them even further. 

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