WASHINGTON – Shares of major homes builders cut losses within five minutes after the Federal Reserve's Wednesday afternoon policy announcement. Shares of Lennar were down 1.58% five minutes after the 2 p.m. Eastern announcement, compared with a drop of 2.34% just before the news. Meanwhile, shares of PulteGroup were recently off 1.22%, compared with a drop of 1.84% before the news. Shares of D.R. Horton were recently down 1.96%, compared with a drop of 2.47% just before 2 p.m.
Copyright © 2014 MarketWatch, Inc.