Jim Cramer Says PulteGroup Needs to Buy KB Home

TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said PulteGroup (PHM) - Get Report should purchase rival homebuilder KB Home (KBH) - Get Report . '[Pulte] needs California land,' Cramer said. 'California land is in short supply.' Pulte Group shares have lost one percent since the start of the year.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.