Time to buy some housing stocks.

Rising interest rates be damned.

There are several societal forces well underway in the U.S. housing market that make home improvement stocks like Home Depot (HD - Get Report)  and Lowe's (LOW - Get Report) worthy of a look by investors.

Points out Credit Suisse analyst Seth Sigman: 

"Trends in household formation and home-ownership in the U.S. remained solid in 1Q18 when comparing to a year ago, based on Census data; We view these as key long term drivers for Home Depot and Lowe's, which are needed to extend what has already been a very strong recovery cycle to date, and navigate a period of potentially higher interest rates. This also seems to be far more important than the short-term weather concerns heard since January. The bottom line: not only is household formation increasing year over year, but it's being driven by more "owned" homes (vs. rented), and by recovering ownership rates among younger consumers, a key group that has been missing."

Here are the charts you need to share on Twitter. 

Rundown

Home ownership is climbing back to pre Great Recession levels.

People want homes. Source: Credit Suisse
People want homes. Source: Credit Suisse

Young people are finally buying homes. 

Welcome to home ownership, millennials. Source: Credit Suisse.
Welcome to home ownership, millennials. Source: Credit Suisse.

Young people are ready to spend on sprucing up their new home.

The youth want a new lawnmower. Source: Credit Suisse.
The youth want a new lawnmower. Source: Credit Suisse.