D.R. Horton (DHI) Downgrade is Due to High Rates, Says Jim Cramer

“Alright David, you talked about what punches above its weight. And that’s housing, as well as Ford stock. Okay, this morning, jeez these research firms are taking aim at housing. Here’s a piece by Wells Fargo, actually a very informed piece, which downgrade Horton, the largest. And then, UBS downgrades Lennar, KBH, price target cut. This is a sign, again, rates are too high, rates are too high, and that’s because they were so low. . .it’s relative to where they were and you can’t buy starter homes. . . .these cannot get any traction, none. . .”