Jim Cramer Blog

Lennar (LEN) is reporting earnings on Monday. Look for $1.86. There has been a lot of speculation regarding the performance of real estate and its sesitivity towards the imminent increase in interest rates. But, historically these mortgage rates are extrememly low. There is no reason for the housing market to slow down. Everyone wants to own a home. If these rates continue to rise, there will be even more of a rush to buy a home, because it is hard to believe that money will continue to be this cheap. Although we cannot recommend any homebuilding stocks for the longterm, we do like this sector for the time being. Housing will continue to be strong.