The Federal Reserve on Wednesday afternoon decided to leave interest rates unchanged, and its decision's immediate aftermath has been impacting shares of housing stocks as buyers weigh the effects of borrowing costs.
Individual housing stocks were also reacting in the aftermath.
Shares of homebuilders KB Home (KBH) - Get KB Home Report , D. R. Horton (DHI) - Get D.R. Horton, Inc. Report , PulteGroup (PHM) - Get PulteGroup, Inc. Report , were all falling over 1.5% in afternoon trading following the Fed's decision.
Also moving lower were shares of companies engaged in the construction and sale including NVR (NVR) - Get NVR, Inc. Report and Toll Brothers (TOL) - Get Toll Brothers, Inc. Report which were both sinking nearly 1.5% as well.
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