Jim Cramer described KB Home as a well-run home builder that tells it like it is, during a discussion where he said Iran peace negotiations could trigger an oil glut, cool inflation, and pull interest rates down. Cramer stated he is acutely focused on housing because it punches above its weight in the economy, and he plans to listen to KB Home's conference call, hoping for references to the Federal Reserve. He noted the housing industry feels dead in the water due to insufficient supply and new homes, adding that high interest rates discourage builders, with Toll Brothers being an exception because about a quarter of its homes are bought with cash.
KB HomeCramer suggests Iran peace could lower rates, benefiting homebuilders; he plans to listen to KB Home's call for Fed references.
Toll Brothers IncMentioned as an exception because many buyers use cash, implying less sensitivity to rates, but no direct impact from news.