Jim Cramer: Building Permits Number Key to Housing Sector's Growth

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Jim Cramer: Building Permits Number Key to Housing Sector's Growth

by TheStreet.com Videos 0:36 mins

Jim Cramer: Building Permits Number Key to Housing Sector's Growth

by TheStreet.com Videos 0:36 mins

TheStreet's Action Alerts PLUS Co-Portfolio Manager Jim Cramer says the building permits number is "terrific" and is the number he cares about because it provides information about the future of the housing market. Many have said the spring selling season is in a "drought" but Cramer thinks Lennar's report will tell a good story. However, Cramer does not like the homebuilder stocks -- he likes what is in the house, including names like Masco, Whirlpool and Newell Rubbermaid.

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