# Cramer Says Frozen Housing, IPO And Data-Center Activity Weigh On Stocks By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/25981 Published: 2026-09-30T23:16:33.000Z Updated: 2026-09-30T23:16:33.000Z Section: Investing > High borrowing costs, stalled capital markets and political opposition to data-center development are limiting activity across the U.S. economy. Mad Money host Jim Cramer said Wednesday that weak housing activity, a stalled IPO market and political resistance to data-center expansion are limiting forces that could keep pressure on stocks. “Market after market is getting frozen right now and that’s killing stocks,” Cramer said. Housing remains a major constraint. The 30-year mortgage rate has climbed to roughly 7.5%, from about 3% five years ago, making housing the least affordable it has been in 40 years, Cramer said. The slowdown has spread across housing-related companies. Lennar, KB Home, Home Depot, Lowe’s and Whirlpool each hit fresh 52-week lows Wednesday. Capital markets are also showing signs of slowing. Oura postponed its planned $2.2 billion initial public offering, while Inspire Brands shelved its own offering. Morgan Stanley and Goldman Sachs shares both fell about 12% in September after reaching their yearly highs in July. “Without IPOs or M&A, the huge banking cohort is frozen except for fees,” Cramer said. “That’s just not good enough.” Data-center development faces political opposition over electricity costs and other impacts that could slow construction. The issue has gained importance during the midterm election year, as control of Congress is contested. The concerns follow broader warnings about public resistance to artificial intelligence infrastructure. [Cramer previously said AI backlash could pressure growth stocks]() as electricity costs, jobs and safety become more prominent parts of the debate. Cramer said market conditions could change quickly if the war ends. Lower oil prices and inflation could remove another potential interest-rate increase from consideration by the Federal Reserve. “It could happen in three quick days, perhaps the three most important days of 2026,” Cramer said. “That’s why I hesitate to leave the market at this moment.” ## Links in this article - [Cramer previously said AI backlash could pressure growth stocks](https://www.tokenpost.com/news/investing/25530)