According to Jim Cramer, the housing market has officially bottomed. On Monday's "Mad Money" TV show, Cramer said the new housing report showed that the hardest-hit regions of the U.S. are starting to show signs of strength. Plus, there were 47,000 more housing starts in May, or a 17% increase from the month before, and building permits are showing signs of growth.
Cramer strongly believes that low interest rates, tax credits and excess inventory have all made the 2009 bottom in housing a reality. However, he cautioned investors that his housing bottom call is not an all-clear to run out and buy homebuilder stocks but said that home prices are most likely done going down. He doesn't see home prices set to rise anytime soon, but they will cease to decline going forward.
Cramer thinks the best stocks to play for a housing bottom is with banks such as
Bank of America
, all of which he holds in his
Recently, Cramer found opportunity in natural gas stocks, tech takeover candidates and home-repair stocks. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on
blog posts. (These blog post might require a
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