CNBC’s Jim Cramer on Friday recommended investors treat any near-term pullback in the homebuilding stocks as a buying opportunity.
Citing a recent research note from Zelman & Associates, the “Mad Money” host believes there is more upside in the sector, pointing to the stocks of D.R. Horton, Lennar, Toll Brothers and Taylor Morrison.
“Ivy Zelman and her team at Zelman & Associates knocked it out of the park when they called for a housing rally back in March,” he said, “and now that the homebuilders have pulled back from their highs, I think you’re getting a chance to pounce again.”
Taylor Morrison shares are nearly $3 off their 2019 peak. Lennar is $1 under, while the equities of D.R. Horton…